UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 14,184 Shares of Entegris, Inc. (NASDAQ:ENTG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 2.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 607,975 shares of the semiconductor company's stock after acquiring an additional 14,184 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.40% of Entegris worth $68,415,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Innealta Capital LLC acquired a new position in shares of Entegris in the 2nd quarter valued at about $26,000. Summit Securities Group LLC acquired a new position in Entegris in the 2nd quarter valued at approximately $27,000. Quarry LP purchased a new stake in Entegris in the 2nd quarter worth approximately $27,000. Capital Performance Advisors LLP acquired a new stake in shares of Entegris during the 3rd quarter valued at $29,000. Finally, Opal Wealth Advisors LLC purchased a new position in shares of Entegris during the 2nd quarter valued at $31,000.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ENTG. Deutsche Bank Aktiengesellschaft reduced their price objective on Entegris from $145.00 to $115.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. KeyCorp lowered their price target on Entegris from $164.00 to $154.00 and set an "overweight" rating for the company in a research note on Tuesday, November 5th. Craig Hallum cut their price objective on shares of Entegris from $150.00 to $130.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. BMO Capital Markets dropped their price target on shares of Entegris from $145.00 to $135.00 and set an "outperform" rating on the stock in a research note on Tuesday, November 5th. Finally, Citigroup reduced their price objective on shares of Entegris from $130.00 to $123.00 and set a "buy" rating for the company in a research note on Wednesday, November 6th. 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. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $135.40.

Entegris Stock Performance

ENTG traded down $0.66 during trading on Tuesday, reaching $108.17. 1,275,052 shares of the company's stock were exchanged, compared to its average volume of 1,709,237. 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 business has a 50 day moving average price of $106.46 and a 200 day moving average price of $117.52. Entegris, Inc. has a fifty-two week low of $94.92 and a fifty-two week high of $147.57. The company has a market capitalization of $16.33 billion, a P/E ratio of 71.64, a PEG ratio of 1.80 and a beta of 1.23.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its 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). Entegris had a return on equity of 12.24% and a net margin of 7.13%. The company had revenue of $807.70 million for the quarter, compared to the consensus estimate of $832.44 million. During the same quarter last year, the business earned $0.68 EPS. Entegris's quarterly revenue was down 9.1% compared to the same quarter last year. As a group, analysts predict that Entegris, Inc. will post 2.99 earnings per share for the current fiscal year.

Entegris Announces Dividend

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