Orion Portfolio Solutions LLC Sells 8,319 Shares of Entegris, Inc. (NASDAQ:ENTG)

Orion Portfolio Solutions LLC cut its holdings in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 11.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 67,287 shares of the semiconductor company's stock after selling 8,319 shares during the period. Orion Portfolio Solutions LLC's holdings in Entegris were worth $7,572,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in ENTG. Mountaineer Partners Management LLC increased its position in shares of Entegris by 16,255.1% during the third quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company's stock worth $1,242,848,000 after acquiring an additional 10,977,064 shares in the last quarter. Earnest Partners LLC increased its position in shares of Entegris by 0.6% during the second quarter. Earnest Partners LLC now owns 1,858,757 shares of the semiconductor company's stock worth $251,676,000 after acquiring an additional 11,692 shares in the last quarter. American Century Companies Inc. increased its position in shares of Entegris by 20.2% during the second quarter. American Century Companies Inc. now owns 1,523,824 shares of the semiconductor company's stock worth $206,326,000 after acquiring an additional 256,186 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of Entegris by 0.9% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,503,656 shares of the semiconductor company's stock worth $169,206,000 after acquiring an additional 12,913 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Entegris by 130.8% during the third quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company's stock worth $155,287,000 after acquiring an additional 781,955 shares in the last quarter.

Entegris Price Performance

Shares of NASDAQ:ENTG traded up $1.11 during midday trading on Monday, hitting $110.51. The stock had a trading volume of 1,584,961 shares, compared to its average volume of 1,707,855. The company's 50-day moving average price is $106.02 and its 200-day moving average price is $116.77. The company has a market capitalization of $16.69 billion, a P/E ratio of 73.19, a price-to-earnings-growth ratio of 1.80 and a beta of 1.24. The company has a quick ratio of 1.83, a current ratio of 2.92 and a debt-to-equity ratio of 1.14. Entegris, Inc. has a fifty-two week low of $94.92 and a fifty-two week 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.01). Entegris had a net margin of 7.13% and a return on equity of 12.24%. The company had revenue of $807.70 million for the quarter, compared to the consensus estimate of $832.44 million. During the same period last year, the firm posted $0.68 earnings per share. The company's revenue for the quarter was down 9.1% compared to the same quarter last year. As a group, equities research analysts predict that Entegris, Inc. will post 2.99 EPS for the current fiscal year.

Entegris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th were issued a dividend of $0.10 per share. The ex-dividend date was Wednesday, October 30th. This represents a $0.40 annualized dividend and a yield of 0.36%. Entegris's payout ratio is 26.49%.

Wall Street Analyst Weigh In

ENTG has been the subject of several research reports. Craig Hallum lowered their price objective on shares of Entegris from $150.00 to $130.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. Citigroup decreased their target price on shares of Entegris from $130.00 to $123.00 and set a "buy" rating for the company in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Entegris from $145.00 to $115.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. KeyCorp decreased their target price on shares of Entegris from $164.00 to $154.00 and set an "overweight" rating for the company in a research report on Tuesday, November 5th. Finally, UBS Group decreased their target price on shares of Entegris from $130.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, November 5th. One 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, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $135.40.

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).