The Manufacturers Life Insurance Company Cuts Position in Entegris, Inc. (NASDAQ:ENTG)

The Manufacturers Life Insurance Company lessened its position in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 2.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 223,623 shares of the semiconductor company's stock after selling 5,504 shares during the period. The Manufacturers Life Insurance Company owned 0.15% of Entegris worth $25,164,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Earnest Partners LLC raised its holdings in Entegris by 0.6% in the second quarter. Earnest Partners LLC now owns 1,858,757 shares of the semiconductor company's stock worth $251,676,000 after purchasing an additional 11,692 shares in the last quarter. American Century Companies Inc. raised its position in shares of Entegris by 20.2% in the 2nd quarter. American Century Companies Inc. now owns 1,523,824 shares of the semiconductor company's stock worth $206,326,000 after purchasing an additional 256,186 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Entegris by 0.9% in the 3rd 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 purchasing an additional 12,913 shares in the last quarter. Principal Financial Group Inc. grew its position in Entegris by 130.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company's stock valued at $155,287,000 after purchasing an additional 781,955 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Entegris by 7.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,083,217 shares of the semiconductor company's stock valued at $146,668,000 after purchasing an additional 77,083 shares in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ENTG. Citigroup dropped 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. 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. KeyCorp cut 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. Mizuho decreased their price target on Entegris from $143.00 to $125.00 and set an "outperform" rating for the company in a research note on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Entegris from $145.00 to $115.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. One 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 company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $135.40.

Entegris Stock Performance

ENTG traded up $0.67 during trading on Friday, hitting $105.63. The company's stock had a trading volume of 1,077,531 shares, compared to its average volume of 2,491,709. Entegris, Inc. has a one year low of $94.92 and a one year high of $147.57. The business's 50 day simple moving average is $106.52 and its 200-day simple moving average is $117.79. The company has a quick ratio of 1.83, a current ratio of 2.92 and a debt-to-equity ratio of 1.14. The firm has a market cap of $15.95 billion, a PE ratio of 69.95, a P/E/G ratio of 1.74 and a beta of 1.24.

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

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. The ex-dividend date of this dividend was Wednesday, October 30th. Entegris's dividend payout ratio (DPR) 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).