Entegris, Inc. (NASDAQ:ENTG) Shares Sold by Congress Asset Management Co.

Congress Asset Management Co. trimmed its stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 88.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 133,798 shares of the semiconductor company's stock after selling 1,039,232 shares during the period. Congress Asset Management Co. owned about 0.09% of Entegris worth $15,056,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Entegris by 0.4% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 309,330 shares of the semiconductor company's stock worth $43,473,000 after purchasing an additional 1,209 shares in the last quarter. First Trust Direct Indexing L.P. lifted its stake in Entegris by 5.3% during the 1st quarter. First Trust Direct Indexing L.P. now owns 3,851 shares of the semiconductor company's stock worth $541,000 after acquiring an additional 193 shares in the last quarter. HB Wealth Management LLC purchased a new position in Entegris during the 1st quarter valued at about $212,000. Private Advisor Group LLC grew its position in Entegris by 3.0% in the 1st quarter. Private Advisor Group LLC now owns 10,221 shares of the semiconductor company's stock valued at $1,437,000 after acquiring an additional 299 shares in the last quarter. Finally, Diversify Advisory Services LLC purchased a new stake in Entegris during the first quarter worth about $642,000.

Entegris Stock Up 2.2 %

Shares of NASDAQ ENTG traded up $2.34 during midday trading on Friday, hitting $107.05. 2,096,485 shares of the company's stock were exchanged, compared to its average volume of 1,634,354. The firm's fifty day simple moving average is $109.36 and its 200-day simple moving average is $121.41. The company has a market cap of $16.16 billion, a PE ratio of 87.75, a P/E/G ratio of 1.44 and a beta of 1.24. Entegris, Inc. has a twelve month low of $84.13 and a twelve month high of $147.57. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.58 and a quick ratio of 2.14.

Entegris (NASDAQ:ENTG - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share for the quarter, topping analysts' consensus estimates of $0.70 by $0.01. Entegris had a net margin of 5.61% and a return on equity of 12.03%. The company had revenue of $812.60 million for the quarter, compared to analysts' expectations of $802.43 million. During the same quarter last year, the company earned $0.66 earnings per share. The firm's revenue for the quarter was down 9.8% on a year-over-year basis. Research analysts predict that Entegris, Inc. will post 3.13 EPS for the current fiscal year.

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, October 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.37%. Entegris's dividend payout ratio (DPR) is 32.79%.

Analyst Ratings Changes

Several brokerages recently weighed in on ENTG. BMO Capital Markets cut their target price on shares of Entegris from $160.00 to $145.00 and set an "outperform" rating on the stock in a research note on Thursday, August 1st. Mizuho raised Entegris from a "neutral" rating to an "outperform" rating and set a $143.00 price objective on the stock in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft decreased their target price on Entegris from $160.00 to $145.00 and set a "buy" rating for the company in a report on Thursday, August 1st. Needham & Company LLC restated a "buy" rating and set a $150.00 price target on shares of Entegris in a report on Thursday, August 1st. Finally, Citigroup raised Entegris from a "neutral" rating to a "buy" rating and increased their price target for the company from $119.00 to $130.00 in a research report on Monday, September 16th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $146.40.

About Entegris

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).