Van ECK Associates Corp Purchases 20,795 Shares of Entegris, Inc. (NASDAQ:ENTG)

Van ECK Associates Corp increased its position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 24.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 107,097 shares of the semiconductor company's stock after purchasing an additional 20,795 shares during the period. Van ECK Associates Corp owned approximately 0.07% of Entegris worth $11,057,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new position in Entegris in the 2nd quarter worth $26,000. Summit Securities Group LLC acquired a new position in Entegris during the 2nd quarter valued at about $27,000. Quarry LP acquired a new position in Entegris during the 2nd quarter valued at about $27,000. Opal Wealth Advisors LLC acquired a new stake in shares of Entegris in the 2nd quarter worth approximately $31,000. Finally, ORG Partners LLC acquired a new stake in shares of Entegris in the 1st quarter worth approximately $33,000.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Mizuho cut their price target on shares of Entegris from $143.00 to $125.00 and set an "outperform" rating on the stock in a report on Tuesday. Citigroup dropped their price target on shares of Entegris from $130.00 to $123.00 and set a "buy" rating on the stock in a research note on Wednesday. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Entegris from $145.00 to $115.00 and set a "buy" rating on the stock in a research note on Tuesday. BMO Capital Markets decreased their price objective on shares of Entegris from $145.00 to $135.00 and set an "outperform" rating for the company in a report on Tuesday. Finally, KeyCorp reduced their price target on shares of Entegris from $164.00 to $154.00 and set an "overweight" rating for the company in a report on Tuesday. One 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.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $135.40.

Entegris Price Performance

ENTG traded up $1.95 on Wednesday, hitting $105.07. 3,388,931 shares of the stock were exchanged, compared to its average volume of 1,655,565. Entegris, Inc. has a 12 month low of $90.24 and a 12 month high of $147.57. The business has a 50-day moving average of $108.88 and a two-hundred day moving average of $120.97. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.58 and a quick ratio of 2.14. The firm has a market capitalization of $15.86 billion, a price-to-earnings ratio of 69.52, a PEG ratio of 1.45 and a beta of 1.24.

Entegris (NASDAQ:ENTG - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.01). The firm had revenue of $807.70 million during the quarter, compared to analyst estimates of $832.44 million. Entegris had a net margin of 5.61% and a return on equity of 12.03%. The business's quarterly revenue was down 9.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.68 EPS. Sell-side analysts forecast that Entegris, Inc. will post 3.13 EPS for the current fiscal year.

Entegris Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date is Wednesday, October 30th. Entegris's payout ratio is 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).