WCM Investment Management LLC Has $580.73 Million Position in Entegris, Inc. (NASDAQ:ENTG)

WCM Investment Management LLC decreased its position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 0.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,055,964 shares of the semiconductor company's stock after selling 33,333 shares during the period. Entegris accounts for approximately 1.3% of WCM Investment Management LLC's portfolio, making the stock its 29th biggest position. WCM Investment Management LLC owned about 3.35% of Entegris worth $580,728,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Innealta Capital LLC bought a new position in Entegris during the second quarter valued at about $26,000. Summit Securities Group LLC acquired a new stake in Entegris in the 2nd quarter worth approximately $27,000. Quarry LP bought a new stake in Entegris during the second quarter worth approximately $27,000. Capital Performance Advisors LLP acquired a new position in Entegris during the third quarter valued at approximately $29,000. Finally, Opal Wealth Advisors LLC bought a new position in shares of Entegris in the second quarter valued at approximately $31,000.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Mizuho dropped their price objective on Entegris from $143.00 to $125.00 and set an "outperform" rating on the stock in a research note on Tuesday, November 5th. Citigroup dropped their price target on Entegris from $130.00 to $123.00 and set a "buy" rating on the stock in a research report on Wednesday, November 6th. UBS Group reduced their price objective on Entegris from $130.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, November 5th. Craig Hallum dropped their target price 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. Finally, Needham & Company LLC reiterated a "buy" rating and set a $150.00 target price on shares of Entegris in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $135.40.

Entegris Price Performance

Shares of ENTG stock traded down $0.73 during trading hours on Monday, hitting $104.30. 2,200,485 shares of the company's stock were exchanged, compared to its average volume of 1,662,432. Entegris, Inc. has a 52 week low of $93.11 and a 52 week high of $147.57. The stock has a market cap of $15.75 billion, a price-to-earnings ratio of 69.07, a price-to-earnings-growth ratio of 1.71 and a beta of 1.24. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.92 and a quick ratio of 2.14. The stock's 50-day moving average is $108.19 and its 200-day moving average is $120.37.

Entegris (NASDAQ:ENTG - Get Free Report) last released its quarterly 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). The company had revenue of $807.70 million for the quarter, compared to the consensus estimate of $832.44 million. Entegris had a net margin of 7.13% and a return on equity of 12.24%. Entegris's revenue for the quarter was down 9.1% compared to the same quarter last year. During the same period last year, the company earned $0.68 earnings per share. As a group, research analysts forecast that Entegris, Inc. will post 3.03 EPS for the current year.

Entegris Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, October 30th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.38%. 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).