Oppenheimer Asset Management Inc. Cuts Stock Position in Entegris, Inc. (NASDAQ:ENTG)

Oppenheimer Asset Management Inc. trimmed its position in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 19.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,442 shares of the semiconductor company's stock after selling 17,992 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Entegris were worth $8,264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wedmont Private Capital boosted its holdings in shares of Entegris by 5.9% in the 2nd quarter. Wedmont Private Capital now owns 1,609 shares of the semiconductor company's stock valued at $232,000 after acquiring an additional 90 shares during the last quarter. Bridges Investment Management Inc. grew its position in Entegris by 3.6% during the 3rd quarter. Bridges Investment Management Inc. now owns 2,829 shares of the semiconductor company's stock worth $318,000 after purchasing an additional 98 shares during the period. Everpar Advisors LLC raised its stake in shares of Entegris by 6.5% during the 2nd quarter. Everpar Advisors LLC now owns 1,656 shares of the semiconductor company's stock valued at $224,000 after buying an additional 101 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Entegris by 0.3% in the 2nd quarter. Arizona State Retirement System now owns 41,406 shares of the semiconductor company's stock valued at $5,606,000 after buying an additional 105 shares during the period. Finally, Fulton Bank N.A. boosted its stake in shares of Entegris by 0.9% in the second quarter. Fulton Bank N.A. now owns 11,703 shares of the semiconductor company's stock worth $1,585,000 after buying an additional 108 shares during the last quarter.

Entegris Trading Down 3.4 %

Entegris stock traded down $3.62 during mid-day trading on Thursday, hitting $101.50. The company's stock had a trading volume of 2,743,329 shares, compared to its average volume of 1,687,542. The stock's fifty day moving average is $107.90 and its two-hundred day moving average is $119.95. 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 firm has a market capitalization of $15.33 billion, a PE ratio of 67.22, a price-to-earnings-growth ratio of 1.73 and a beta of 1.24. Entegris, Inc. has a 1 year low of $94.92 and a 1 year high of $147.57.

Entegris (NASDAQ:ENTG - Get Free Report) last announced its quarterly earnings results 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 during 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 for the quarter was down 9.1% on a year-over-year basis. During the same period last year, the company earned $0.68 EPS. On average, analysts anticipate that Entegris, Inc. will post 3.03 EPS for the current year.

Entegris Announces Dividend

The business 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 $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend is Wednesday, October 30th. Entegris's dividend payout ratio (DPR) is 26.49%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. BMO Capital Markets decreased their price target 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 price target on shares of 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 price objective 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. Citigroup dropped their target price on Entegris from $130.00 to $123.00 and set a "buy" rating on the stock in a research report on Wednesday, November 6th. Finally, KeyCorp reduced their price target on Entegris from $164.00 to $154.00 and set an "overweight" rating for the company in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock 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).