State Street Corp Sells 5,212 Shares of Entegris, Inc. (NASDAQ:ENTG)

State Street Corp trimmed its holdings in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 0.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,067,938 shares of the semiconductor company's stock after selling 5,212 shares during the quarter. State Street Corp owned about 2.03% of Entegris worth $345,235,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ENTG. Innealta Capital LLC acquired a new stake in shares of Entegris in the second quarter valued at $26,000. Summit Securities Group LLC acquired a new position in shares of Entegris in the 2nd quarter worth approximately $27,000. Quarry LP acquired a new stake in Entegris during the second quarter valued at approximately $27,000. Capital Performance Advisors LLP acquired a new position in Entegris in the third quarter worth approximately $29,000. Finally, Blue Trust Inc. increased its holdings in shares of Entegris by 221.3% in the third quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company's stock valued at $39,000 after buying an additional 239 shares in the last quarter.

Analysts Set New Price Targets

ENTG has been the subject of a number of recent analyst reports. 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 report on Tuesday, November 5th. Craig Hallum cut their price target on shares of Entegris from $150.00 to $130.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. Citigroup cut their target price on shares of Entegris from $130.00 to $123.00 and set a "buy" rating on the stock in a research note on Wednesday, November 6th. BMO Capital Markets lowered their price target on Entegris from $145.00 to $135.00 and set an "outperform" rating on the stock in a report on Tuesday, November 5th. Finally, KeyCorp lowered their target price on Entegris from $164.00 to $154.00 and set an "overweight" rating on the stock in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $135.40.

Entegris Stock Down 4.0 %

Shares of NASDAQ:ENTG traded down $4.38 on Tuesday, reaching $106.13. The company had a trading volume of 2,007,999 shares, compared to its average volume of 1,709,116. The stock has a market capitalization of $16.03 billion, a P/E ratio of 73.19, a P/E/G ratio of 1.80 and a beta of 1.24. The stock has a 50-day moving average price of $106.02 and a 200 day moving average price of $116.77. Entegris, Inc. has a twelve month low of $94.92 and a twelve month high of $147.57. 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 (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 company 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 last year, the business earned $0.68 EPS. On average, equities analysts expect that Entegris, Inc. will post 2.99 EPS for the current year.

Entegris Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th were given a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. Entegris's dividend payout ratio is currently 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).