Citigroup Inc. Sells 11,013 Shares of Entegris, Inc. (NASDAQ:ENTG)

Citigroup Inc. lowered its stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 1.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 968,895 shares of the semiconductor company's stock after selling 11,013 shares during the period. Citigroup Inc. owned approximately 0.64% of Entegris worth $109,030,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Innealta Capital LLC bought a new position in Entegris during the second quarter worth about $26,000. Quarry LP bought a new position in Entegris during the second quarter worth about $27,000. Summit Securities Group LLC bought a new position in Entegris during the second quarter worth about $27,000. Opal Wealth Advisors LLC bought a new position in Entegris during the second quarter worth about $31,000. Finally, Capital Performance Advisors LLP bought a new position in Entegris during the third quarter worth about $29,000.

Analyst Ratings Changes

ENTG has been the topic of a number of recent analyst reports. BMO Capital Markets reduced 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. Mizuho cut their price objective on Entegris from $143.00 to $125.00 and set an "outperform" rating on the stock in a report on Tuesday, November 5th. UBS Group cut their price objective on Entegris from $130.00 to $115.00 and set a "neutral" rating on the stock in a report on Tuesday, November 5th. Citigroup cut their price objective on Entegris from $130.00 to $123.00 and set a "buy" rating on the stock in a report on Wednesday, November 6th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $150.00 price objective on shares of Entegris in a report on Thursday, August 1st. One research 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 MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $135.40.

Entegris Stock Up 1.9 %

Entegris stock traded up $2.00 during midday trading on Friday, reaching $107.24. The stock had a trading volume of 2,512,379 shares, compared to its average volume of 2,542,518. The firm's fifty day simple moving average is $107.09 and its 200-day simple moving average is $118.64. Entegris, Inc. has a 1-year low of $94.92 and a 1-year high of $147.57. The stock has a market capitalization of $16.19 billion, a P/E ratio of 71.02, a price-to-earnings-growth ratio of 1.74 and a beta of 1.24. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.83 and a current ratio of 2.92.

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

Entegris Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.37%. Entegris's dividend payout ratio 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).