Stifel Financial Corp Decreases Stake in Entegris, Inc. (NASDAQ:ENTG)

Stifel Financial Corp cut its stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 6.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 105,454 shares of the semiconductor company's stock after selling 6,777 shares during the period. Stifel Financial Corp owned 0.07% of Entegris worth $11,867,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Wedmont Private Capital lifted its holdings in shares of Entegris by 5.9% during the second quarter. Wedmont Private Capital now owns 1,609 shares of the semiconductor company's stock valued at $232,000 after purchasing an additional 90 shares during the last quarter. Bridges Investment Management Inc. grew its stake in shares of Entegris by 3.6% in the third quarter. Bridges Investment Management Inc. now owns 2,829 shares of the semiconductor company's stock worth $318,000 after acquiring an additional 98 shares during the last quarter. Everpar Advisors LLC increased its holdings in shares of Entegris by 6.5% during the second quarter. Everpar Advisors LLC now owns 1,656 shares of the semiconductor company's stock valued at $224,000 after acquiring an additional 101 shares in the last quarter. Arizona State Retirement System raised its position 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 worth $5,606,000 after purchasing an additional 105 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Entegris by 7.5% in the third quarter. GAMMA Investing LLC now owns 1,612 shares of the semiconductor company's stock worth $181,000 after buying an additional 113 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ENTG. UBS Group reduced their target price on Entegris from $130.00 to $115.00 and set a "neutral" rating for the company in a report on Tuesday, November 5th. BMO Capital Markets lowered their target price on Entegris from $145.00 to $135.00 and set an "outperform" rating on the stock in a report on Tuesday, November 5th. KeyCorp cut their price objective 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. Craig Hallum lowered their price objective on Entegris from $150.00 to $130.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. Finally, Mizuho cut their price objective on Entegris from $143.00 to $125.00 and set an "outperform" rating for the company 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 given a buy rating to the stock. According to MarketBeat, Entegris has an average rating of "Moderate Buy" and an average target price of $135.40.

Entegris Stock Performance

Shares of NASDAQ:ENTG traded down $1.77 on Thursday, hitting $107.30. 1,526,875 shares of the company were exchanged, compared to its average volume of 1,709,711. The firm has a market capitalization of $16.20 billion, a P/E ratio of 71.06, a price-to-earnings-growth ratio of 1.80 and a beta of 1.23. 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 stock's 50 day moving average price is $105.80 and its 200 day moving average price is $116.47.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.01). Entegris had a return on equity of 12.24% and a net margin of 7.13%. The business had revenue of $807.70 million during the quarter, compared to analyst estimates of $832.44 million. During the same quarter last year, the company posted $0.68 EPS. Entegris's quarterly revenue was down 9.1% compared to the same quarter last year. Sell-side analysts predict that Entegris, Inc. will post 2.99 EPS for the current year.

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, October 30th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $0.40 annualized dividend and a yield of 0.37%. Entegris's dividend payout ratio is presently 26.49%.

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).