Wellington Management Group LLP Has $93.65 Million Holdings in Entegris, Inc. (NASDAQ:ENTG)

Wellington Management Group LLP lessened its holdings in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 38.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 832,229 shares of the semiconductor company's stock after selling 527,978 shares during the period. Wellington Management Group LLP owned 0.55% of Entegris worth $93,651,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Innealta Capital LLC bought a new position in shares of Entegris during the second quarter valued at approximately $26,000. Quarry LP acquired a new position in Entegris during the 2nd quarter valued at approximately $27,000. Summit Securities Group LLC bought a new position in Entegris during the 2nd quarter worth $27,000. Capital Performance Advisors LLP acquired a new stake in Entegris in the third quarter worth $29,000. Finally, Blue Trust Inc. lifted its stake in Entegris by 221.3% in the third quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company's stock valued at $39,000 after buying an additional 239 shares during the last quarter.

Entegris Price Performance

ENTG stock traded down $4.38 during trading hours on Tuesday, hitting $106.13. 2,015,558 shares of the stock traded hands, compared to its average volume of 1,709,148. The stock has a 50-day simple moving average of $106.02 and a 200 day simple moving average of $116.77. The company has a market cap of $16.03 billion, a P/E ratio of 73.19, a P/E/G ratio of 1.80 and a beta of 1.24. Entegris, Inc. has a one year low of $94.92 and a one year high of $147.57. The company has a current ratio of 2.92, a quick ratio of 1.83 and a debt-to-equity ratio of 1.14.

Entegris (NASDAQ:ENTG - Get Free Report) last issued 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). Entegris had a net margin of 7.13% and a return on equity of 12.24%. The business had revenue of $807.70 million during the quarter, compared to analyst estimates of $832.44 million. During the same period in the previous year, the company posted $0.68 earnings per share. Entegris's revenue was down 9.1% compared to the same quarter last year. Equities analysts forecast that Entegris, Inc. will post 2.99 earnings per share for the current year.

Entegris Announces Dividend

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

Analyst Ratings Changes

Several research firms have recently commented on ENTG. KeyCorp lowered their price target on shares of Entegris from $164.00 to $154.00 and set an "overweight" rating for the company in a research report on Tuesday, November 5th. Citigroup decreased their target price on shares of Entegris from $130.00 to $123.00 and set a "buy" rating for the company in a research report on Wednesday, November 6th. Craig Hallum cut their price target on Entegris from $150.00 to $130.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. BMO Capital Markets decreased their price objective on Entegris from $145.00 to $135.00 and set an "outperform" rating for the company in a report on Tuesday, November 5th. Finally, UBS Group cut their target price on Entegris from $130.00 to $115.00 and set a "neutral" rating on the stock in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $135.40.

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).