Assetmark Inc. Has $3.29 Million Stake in Entegris, Inc. (NASDAQ:ENTG)

Assetmark Inc. cut its stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 17.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,276 shares of the semiconductor company's stock after selling 6,165 shares during the period. Assetmark Inc.'s holdings in Entegris were worth $3,294,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Innealta Capital LLC acquired a new position in shares of Entegris during the second quarter valued at $26,000. Summit Securities Group LLC acquired a new position in shares of Entegris during the second quarter valued at $27,000. Quarry LP acquired a new position in shares of Entegris during the second quarter valued at $27,000. Capital Performance Advisors LLP acquired a new position in shares of Entegris during the third quarter valued at $29,000. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Entegris during the second quarter valued at $31,000.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ENTG. UBS Group lowered their target price on Entegris from $130.00 to $115.00 and set a "neutral" rating on the stock in a report on Tuesday, November 5th. Mizuho lowered their target price on Entegris from $143.00 to $125.00 and set an "outperform" rating on the stock in a report on Tuesday, November 5th. BMO Capital Markets lowered 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. Craig Hallum lowered their target price on Entegris from $150.00 to $130.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. Finally, Citigroup decreased their price target on Entegris from $130.00 to $123.00 and set a "buy" rating for the company in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $135.40.

Entegris Stock Down 1.1 %

NASDAQ ENTG traded down $1.21 during trading on Wednesday, reaching $105.12. 2,683,690 shares of the company's stock were exchanged, compared to its average volume of 1,682,119. Entegris, Inc. has a fifty-two week low of $94.92 and a fifty-two week high of $147.57. The firm has a market capitalization of $15.87 billion, a PE ratio of 69.54, a P/E/G ratio of 1.73 and a beta of 1.24. The company has a current ratio of 2.92, a quick ratio of 1.83 and a debt-to-equity ratio of 1.14. The company's fifty day simple moving average is $108.15 and its 200-day simple moving average is $120.19.

Entegris (NASDAQ:ENTG - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.77 EPS 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 business had revenue of $807.70 million for the quarter, compared to analyst estimates of $832.44 million. During the same quarter in the previous year, the business posted $0.68 earnings per share. The company's revenue was down 9.1% compared to the same quarter last year. Sell-side analysts predict that Entegris, Inc. will post 3.03 EPS for the current year.

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, October 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. Entegris's dividend payout ratio is 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).