Entegris, Inc. (NASDAQ:ENTG) Shares Purchased by Paloma Partners Management Co

Paloma Partners Management Co raised its holdings in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 571.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 11,250 shares of the semiconductor company's stock after purchasing an additional 9,574 shares during the period. Paloma Partners Management Co's holdings in Entegris were worth $1,266,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ENTG. Comerica Bank lifted its holdings in Entegris by 3.2% during the first quarter. Comerica Bank now owns 17,240 shares of the semiconductor company's stock worth $2,423,000 after buying an additional 541 shares during the period. Cetera Investment Advisers boosted its position in Entegris by 128.0% during the first quarter. Cetera Investment Advisers now owns 20,387 shares of the semiconductor company's stock valued at $2,865,000 after purchasing an additional 11,444 shares in the last quarter. Cetera Advisors LLC grew its stake in Entegris by 171.6% in the first quarter. Cetera Advisors LLC now owns 7,237 shares of the semiconductor company's stock valued at $1,017,000 after purchasing an additional 4,572 shares during the last quarter. GAMMA Investing LLC raised its holdings in Entegris by 31.4% in the second quarter. GAMMA Investing LLC now owns 1,499 shares of the semiconductor company's stock worth $203,000 after purchasing an additional 358 shares in the last quarter. Finally, DNB Asset Management AS raised its holdings in Entegris by 2.7% in the second quarter. DNB Asset Management AS now owns 23,053 shares of the semiconductor company's stock worth $3,121,000 after purchasing an additional 600 shares in the last quarter.

Wall Street Analyst Weigh In

ENTG has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Entegris from $145.00 to $115.00 and set a "buy" rating on the stock 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. Citigroup decreased their price objective on Entegris from $130.00 to $123.00 and set a "buy" rating for the company in a report on Wednesday, November 6th. Mizuho reduced their target price on Entegris from $143.00 to $125.00 and set an "outperform" rating on the stock in a research report on Tuesday, November 5th. Finally, UBS Group decreased their price target on Entegris from $130.00 to $115.00 and set a "neutral" 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 assigned a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, Entegris presently has an average rating of "Moderate Buy" and a consensus price target of $135.40.

Entegris Stock Performance

ENTG traded down $0.66 during trading on Tuesday, reaching $108.17. 1,275,052 shares of the company's stock were exchanged, compared to its average volume of 1,709,237. The company's fifty day simple moving average is $106.46 and its 200-day simple moving average is $117.52. The stock has a market capitalization of $16.33 billion, a P/E ratio of 71.64, a price-to-earnings-growth ratio of 1.80 and a beta of 1.23. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.92 and a quick ratio of 1.83. 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 posted its earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 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 firm earned $0.68 earnings per share. As a group, research analysts predict that Entegris, Inc. will post 2.99 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date was Wednesday, October 30th. Entegris's payout ratio is presently 26.49%.

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).