Entegris, Inc. (NASDAQ:ENTG) Shares Acquired by Eventide Asset Management LLC

Eventide Asset Management LLC lifted its position in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 42.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 607,955 shares of the semiconductor company's stock after purchasing an additional 181,113 shares during the period. Entegris accounts for about 1.2% of Eventide Asset Management LLC's investment portfolio, making the stock its 27th biggest position. Eventide Asset Management LLC owned approximately 0.40% of Entegris worth $68,413,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of ENTG. Innealta Capital LLC bought a new stake in Entegris during the 2nd quarter valued at $26,000. Summit Securities Group LLC purchased a new stake in Entegris in the second quarter worth about $27,000. Quarry LP purchased a new stake in Entegris in the second quarter worth about $27,000. Capital Performance Advisors LLP bought a new position in Entegris during the 3rd quarter worth about $29,000. Finally, Opal Wealth Advisors LLC purchased a new position in Entegris during the 2nd quarter valued at about $31,000.

Entegris Stock Up 0.6 %

NASDAQ ENTG traded up $0.67 during trading on Friday, hitting $105.63. The company's stock had a trading volume of 1,077,531 shares, compared to its average volume of 1,711,262. Entegris, Inc. has a fifty-two week low of $94.92 and a fifty-two week high of $147.57. The company has a market cap of $15.95 billion, a PE ratio of 69.95, a P/E/G ratio of 1.73 and a beta of 1.24. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.92 and a quick ratio of 1.83. The business's 50 day simple moving average is $106.52 and its 200-day simple moving average is $117.88.

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 the consensus estimate of $0.78 by ($0.01). The company had revenue of $807.70 million for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the prior year, the firm posted $0.68 EPS. On average, equities analysts anticipate that Entegris, Inc. will post 2.99 EPS for the current fiscal year.

Entegris Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, October 30th were paid a $0.10 dividend. The ex-dividend date was Wednesday, October 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.38%. Entegris's dividend payout ratio (DPR) is 26.49%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ENTG. Citigroup lowered their price target on shares of Entegris from $130.00 to $123.00 and set a "buy" rating for the company in a research report on Wednesday, November 6th. BMO Capital Markets lowered their target price on Entegris from $145.00 to $135.00 and set an "outperform" rating for the company in a report on Tuesday, November 5th. Craig Hallum dropped their target price on Entegris from $150.00 to $130.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft reduced their price target on Entegris from $145.00 to $115.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. Finally, Mizuho dropped their price objective on Entegris from $143.00 to $125.00 and set an "outperform" rating on the stock in a research 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, Entegris currently has a consensus rating of "Moderate Buy" and an average price target of $135.40.

Entegris Company 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).