Tidal Investments LLC Raises Holdings in Entegris, Inc. (NASDAQ:ENTG)

Tidal Investments LLC boosted its position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 119.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 42,780 shares of the semiconductor company's stock after purchasing an additional 23,262 shares during the quarter. Tidal Investments LLC's holdings in Entegris were worth $4,814,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Innealta Capital LLC purchased a new position in shares of Entegris in the second quarter worth $26,000. Summit Securities Group LLC purchased a new position in Entegris in the 2nd quarter worth about $27,000. Quarry LP bought a new position in Entegris during the 2nd quarter valued at about $27,000. Capital Performance Advisors LLP purchased a new stake in shares of Entegris during the 3rd quarter valued at about $29,000. Finally, Blue Trust Inc. grew its stake in shares of Entegris by 221.3% in the third quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company's stock worth $39,000 after acquiring an additional 239 shares during the period.

Entegris Stock Performance

Shares of NASDAQ:ENTG traded down $0.64 during mid-day trading on Friday, reaching $106.66. 2,238,402 shares of the company traded hands, compared to its average volume of 1,711,907. The company's 50 day moving average price is $105.69 and its 200-day moving average price is $116.29. The firm has a market cap of $16.11 billion, a PE ratio of 70.64, a PEG ratio of 1.80 and a beta of 1.23. Entegris, Inc. has a 52 week low of $94.92 and a 52 week high of $147.57. 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 (NASDAQ:ENTG - Get Free Report) last posted 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 firm had revenue of $807.70 million during 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%. The business's revenue for the quarter was down 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.68 earnings per share. On average, equities analysts expect that Entegris, Inc. will post 2.99 EPS for the current fiscal year.

Entegris Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th were given a $0.10 dividend. The ex-dividend date was Wednesday, October 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. Entegris's payout ratio is 26.49%.

Analyst Ratings Changes

A number of research analysts recently weighed in on ENTG shares. BMO Capital Markets lowered their price objective on shares of Entegris from $145.00 to $135.00 and set an "outperform" rating on the stock in a research report on Tuesday, November 5th. UBS Group lowered their price target on Entegris from $130.00 to $115.00 and set a "neutral" rating on the stock in a report on Tuesday, November 5th. Mizuho cut their price objective on Entegris from $143.00 to $125.00 and set an "outperform" rating for the company in a report on Tuesday, November 5th. Citigroup reduced their price objective on Entegris from $130.00 to $123.00 and set a "buy" rating for the company in a research report on Wednesday, November 6th. Finally, Craig Hallum dropped their target price on Entegris from $150.00 to $130.00 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 assigned a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $135.40.

Entegris 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).