Zurcher Kantonalbank Zurich Cantonalbank Purchases 5,249 Shares of Entegris, Inc. (NASDAQ:ENTG)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 18.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,984 shares of the semiconductor company's stock after acquiring an additional 5,249 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Entegris were worth $3,824,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ENTG. RGM Capital LLC grew its position in shares of Entegris by 76.4% during the 3rd quarter. RGM Capital LLC now owns 1,050,037 shares of the semiconductor company's stock valued at $118,161,000 after buying an additional 454,853 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Entegris in the third quarter valued at approximately $50,638,000. Blueshift Asset Management LLC bought a new stake in shares of Entegris in the 3rd quarter worth $468,000. FMR LLC lifted its holdings in Entegris by 130.9% in the 3rd quarter. FMR LLC now owns 272,833 shares of the semiconductor company's stock valued at $30,702,000 after acquiring an additional 154,658 shares during the last quarter. Finally, Qsemble Capital Management LP acquired a new position in Entegris in the third quarter worth approximately $1,664,000.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ENTG. Citigroup dropped their target price on shares of Entegris from $130.00 to $123.00 and set a "buy" rating on the stock in a research report on Wednesday, November 6th. Craig Hallum reduced their target price on Entegris from $150.00 to $130.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. KeyCorp dropped their price target on Entegris from $164.00 to $154.00 and set an "overweight" rating on the stock in a research report on Tuesday, November 5th. Mizuho decreased their price objective on Entegris from $143.00 to $125.00 and set an "outperform" rating for the company in a research report on Tuesday, November 5th. Finally, BMO Capital Markets dropped their target price on Entegris from $145.00 to $135.00 and set an "outperform" rating on the stock in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $135.40.

Entegris Stock Performance

ENTG stock traded down $0.66 during midday trading on Tuesday, hitting $108.17. 1,274,489 shares of the company traded hands, compared to its average volume of 1,709,235. Entegris, Inc. has a twelve month low of $94.92 and a twelve month high of $147.57. The stock has a market capitalization of $16.33 billion, a price-to-earnings ratio of 72.16, a price-to-earnings-growth ratio of 1.74 and a beta of 1.24. The company has a quick ratio of 1.83, a current ratio of 2.92 and a debt-to-equity ratio of 1.14. The business has a 50 day simple moving average of $106.46 and a 200-day simple moving average of $117.52.

Entegris (NASDAQ:ENTG - Get Free Report) last released its earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.01). Entegris had a return on equity of 12.24% and a net margin of 7.13%. The firm had revenue of $807.70 million for the quarter, compared to analyst estimates of $832.44 million. During the same period in the prior year, the firm earned $0.68 EPS. The firm's revenue was down 9.1% on a year-over-year basis. As a group, equities research analysts predict that Entegris, Inc. will post 2.99 earnings per share for the current year.

Entegris Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date was Wednesday, October 30th. Entegris's dividend payout ratio (DPR) is currently 26.49%.

Entegris Profile

Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions in North America, Taiwan, China, South Korea, Japan, Europe, and Southeast Asia. It operates in three segments: Materials Solutions (MS); Microcontamination Control (MC); and Advanced Materials Handling (AMH).