Park Avenue Securities LLC lifted its stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 10.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,536 shares of the semiconductor company's stock after acquiring an additional 2,784 shares during the period. Park Avenue Securities LLC's holdings in Entegris were worth $2,926,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the stock. Bridges Investment Management Inc. grew its position in Entegris by 3.6% during the third quarter. Bridges Investment Management Inc. now owns 2,829 shares of the semiconductor company's stock valued at $318,000 after acquiring an additional 98 shares during the period. GAMMA Investing LLC lifted its stake in shares of Entegris by 7.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,612 shares of the semiconductor company's stock valued at $181,000 after purchasing an additional 113 shares in the last quarter. Angeles Investment Advisors LLC grew its holdings in shares of Entegris by 4.1% during the 3rd quarter. Angeles Investment Advisors LLC now owns 3,230 shares of the semiconductor company's stock worth $363,000 after purchasing an additional 127 shares during the period. Huntington National Bank increased its position in Entegris by 41.0% during the 3rd quarter. Huntington National Bank now owns 454 shares of the semiconductor company's stock worth $51,000 after purchasing an additional 132 shares in the last quarter. Finally, Equitable Trust Co. raised its holdings in Entegris by 2.2% in the third quarter. Equitable Trust Co. now owns 6,501 shares of the semiconductor company's stock valued at $732,000 after buying an additional 138 shares during the period.
Analysts Set New Price Targets
Several equities research analysts have issued reports on ENTG shares. Mizuho decreased their price objective on shares of Entegris from $125.00 to $120.00 and set an "outperform" rating for the company in a research note on Tuesday, January 7th. BMO Capital Markets decreased their price target on shares of Entegris from $145.00 to $135.00 and set an "outperform" rating for the company in a research report on Tuesday, November 5th. Craig Hallum lowered their price target on Entegris from $150.00 to $130.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. UBS Group reduced their price objective on Entegris from $130.00 to $115.00 and set a "neutral" rating on the stock in a research note on Tuesday, November 5th. Finally, KeyCorp lowered their target price on Entegris from $154.00 to $150.00 and set an "overweight" rating for the company in a research note on Friday, January 10th. 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $134.50.
View Our Latest Stock Analysis on Entegris
Entegris Stock Up 1.4 %
NASDAQ ENTG traded up $1.47 during mid-day trading on Friday, reaching $106.38. 2,067,611 shares of the company's stock traded hands, compared to its average volume of 1,943,474. The company has a current ratio of 2.92, a quick ratio of 1.83 and a debt-to-equity ratio of 1.14. Entegris, Inc. has a 1-year low of $94.92 and a 1-year high of $147.57. The company has a fifty day simple moving average of $103.46 and a 200-day simple moving average of $111.07. The company has a market cap of $16.06 billion, a price-to-earnings ratio of 70.45, a P/E/G ratio of 1.33 and a beta of 1.24.
Entegris (NASDAQ:ENTG - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.01). The company had revenue of $807.70 million for the quarter, compared to analyst estimates of $832.44 million. Entegris had a return on equity of 12.24% and a net margin of 7.13%. The firm's quarterly revenue was down 9.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.68 EPS. As a group, equities research analysts expect that Entegris, Inc. will post 2.95 EPS for the current year.
Entegris Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, January 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. Entegris's payout ratio is 26.49%.
About Entegris
(
Free Report)
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).
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