Icon Wealth Advisors LLC raised its stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 983.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 41,875 shares of the semiconductor company's stock after buying an additional 38,010 shares during the period. Icon Wealth Advisors LLC's holdings in Entegris were worth $4,712,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Innealta Capital LLC purchased a new position in shares of Entegris in the 2nd quarter worth $26,000. Quarry LP bought a new position in Entegris in the 2nd quarter worth $27,000. Summit Securities Group LLC bought a new position in Entegris in the 2nd quarter worth $27,000. Opal Wealth Advisors LLC bought a new position in Entegris in the 2nd quarter worth $31,000. Finally, Capital Performance Advisors LLP bought a new position in Entegris in the 3rd quarter worth $29,000.
Entegris Stock Performance
Shares of ENTG stock traded up $2.00 during trading hours on Friday, hitting $107.24. The company's stock had a trading volume of 2,512,379 shares, compared to its average volume of 2,542,518. 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 has a 50 day moving average of $107.09 and a 200 day moving average of $118.73. Entegris, Inc. has a 12-month low of $94.92 and a 12-month high of $147.57. The stock has a market cap of $16.19 billion, a PE ratio of 71.02, a price-to-earnings-growth ratio of 1.74 and a beta of 1.24.
Entegris (NASDAQ:ENTG - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.01). The company had revenue of $807.70 million during 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 company's revenue for the quarter was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.68 EPS. On average, sell-side analysts forecast 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. Stockholders of record on Wednesday, October 30th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.37%. The ex-dividend date was Wednesday, October 30th. Entegris's payout ratio is currently 26.49%.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the company. BMO Capital Markets decreased 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. KeyCorp cut their price objective on Entegris from $164.00 to $154.00 and set an "overweight" rating for the company in a research report on Tuesday, November 5th. UBS Group dropped their price target on Entegris from $130.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, November 5th. Mizuho reduced their target price on Entegris from $143.00 to $125.00 and set an "outperform" rating on the stock in a research note on Tuesday, November 5th. Finally, Citigroup dropped their price objective on Entegris from $130.00 to $123.00 and set a "buy" rating on the stock in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Entegris has an average rating of "Moderate Buy" and a consensus target price of $135.40.
Read Our Latest Analysis on ENTG
About Entegris
(
Free Report)
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).
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