Entegris, Inc. (NASDAQ:ENTG) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. decreased its holdings in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 0.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,534,374 shares of the semiconductor company's stock after selling 17,405 shares during the period. JPMorgan Chase & Co. owned about 4.33% of Entegris worth $735,313,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Innealta Capital LLC purchased a new stake in Entegris in the second quarter worth about $26,000. Quarry LP bought a new stake in shares of Entegris in the 2nd quarter valued at about $27,000. Capital Performance Advisors LLP purchased a new stake in shares of Entegris in the 3rd quarter worth approximately $29,000. Blue Trust Inc. boosted its stake in shares of Entegris by 221.3% during the third 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. Finally, Covestor Ltd increased its holdings in Entegris by 241.8% during the third quarter. Covestor Ltd now owns 417 shares of the semiconductor company's stock valued at $47,000 after buying an additional 295 shares during the period.

Entegris Stock Performance

Shares of Entegris stock traded down $0.46 on Friday, reaching $101.77. 959,459 shares of the stock were exchanged, compared to its average volume of 1,720,826. Entegris, Inc. has a twelve month low of $94.92 and a twelve month high of $147.57. The business has a 50 day moving average price of $104.83 and a two-hundred day moving average price of $114.32. The company has a quick ratio of 1.83, a current ratio of 2.92 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $15.37 billion, a price-to-earnings ratio of 67.40, a PEG ratio of 1.80 and a beta of 1.23.

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 the consensus estimate of $0.78 by ($0.01). The business had revenue of $807.70 million for the quarter, compared to analyst estimates of $832.44 million. Entegris had a net margin of 7.13% and a return on equity of 12.24%. The business's revenue was down 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.68 earnings per share. Analysts anticipate that Entegris, Inc. will post 2.99 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.39%. Entegris's payout ratio is currently 26.49%.

Wall Street Analyst Weigh In

Several analysts have issued reports on ENTG shares. 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. Mizuho decreased their target price on shares of Entegris from $143.00 to $125.00 and set an "outperform" rating for the company in a research report on Tuesday, November 5th. BMO Capital Markets reduced their price target on Entegris from $145.00 to $135.00 and set an "outperform" rating on the stock in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lowered their price objective 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, KeyCorp decreased their price target on Entegris from $164.00 to $154.00 and set an "overweight" rating for the company in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Entegris currently has a consensus rating of "Moderate Buy" and a consensus target price 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).