Franklin Resources Inc. Cuts Stock Position in Entegris, Inc. (NASDAQ:ENTG)

Franklin Resources Inc. lowered its stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 58.2% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 227,983 shares of the semiconductor company's stock after selling 316,957 shares during the period. Franklin Resources Inc. owned approximately 0.15% of Entegris worth $25,409,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Innealta Capital LLC acquired a new position in shares of Entegris in the second quarter worth $26,000. Quarry LP acquired a new position in Entegris during the 2nd quarter worth $27,000. Summit Securities Group LLC purchased a new stake in Entegris during the 2nd quarter worth about $27,000. Capital Performance Advisors LLP acquired a new stake in Entegris in the 3rd quarter valued at about $29,000. Finally, Blue Trust Inc. raised its position in Entegris by 221.3% in the 3rd quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company's stock valued at $39,000 after purchasing an additional 239 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ENTG. Craig Hallum cut their target price on shares of Entegris from $150.00 to $130.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. BMO Capital Markets dropped their price objective on shares of Entegris from $145.00 to $135.00 and set an "outperform" rating on the stock in a research report on Tuesday, November 5th. UBS Group reduced their price objective on shares of Entegris from $130.00 to $115.00 and set a "neutral" rating on the stock in a report on Tuesday, November 5th. Citigroup lowered their target price on shares of Entegris from $130.00 to $123.00 and set a "buy" rating for the company in a research note on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Entegris from $145.00 to $115.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $135.40.

Entegris Stock Performance

Shares of ENTG stock traded up $1.55 during mid-day trading on Friday, hitting $99.46. 4,081,605 shares of the stock were exchanged, compared to its average volume of 1,729,963. The stock's fifty day simple moving average is $105.25 and its two-hundred day simple moving average is $115.59. 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, Inc. has a 12-month low of $94.92 and a 12-month high of $147.57. The stock has a market capitalization of $15.02 billion, a price-to-earnings ratio of 65.87, a P/E/G ratio of 1.80 and a beta of 1.23.

Entegris (NASDAQ:ENTG - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share (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 firm had revenue of $807.70 million for the quarter, compared to analysts' expectations of $832.44 million. During the same quarter in the prior year, the business earned $0.68 EPS. The company's quarterly revenue was down 9.1% compared to the same quarter last year. On average, analysts forecast that Entegris, Inc. will post 2.99 EPS for the current year.

Entegris Announces Dividend

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