MML Investors Services LLC Sells 2,418 Shares of Entegris, Inc. (NASDAQ:ENTG)

MML Investors Services LLC lowered its holdings in Entegris, Inc. (NASDAQ:ENTG) by 2.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,064 shares of the semiconductor company’s stock after selling 2,418 shares during the period. MML Investors Services LLC’s holdings in Entegris were worth $9,460,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Innealta Capital LLC purchased a new stake in shares of Entegris during the second quarter worth $26,000. Summit Securities Group LLC bought a new position in Entegris in the 2nd quarter worth about $27,000. Quarry LP purchased a new position in Entegris during the 2nd quarter valued at about $27,000. Capital Performance Advisors LLP bought a new stake in shares of Entegris during the third quarter valued at about $29,000. Finally, Blue Trust Inc. lifted its holdings 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 buying an additional 239 shares in the last quarter.

Entegris Price Performance

ENTG stock opened at $106.13 on Wednesday. The firm has a market cap of $16.03 billion, a P/E ratio of 70.29, a P/E/G ratio of 1.80 and a beta of 1.24. The firm’s fifty day moving average is $105.94 and its 200 day moving average is $116.59. 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 quick ratio of 1.83 and a current ratio of 2.92.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. The firm’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same period last year, the business posted $0.68 earnings per share. Research analysts predict that Entegris, Inc. will post 2.99 earnings per share for the current year.

Entegris Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ENTG shares. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Craig Hallum decreased their target price on Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Citigroup lowered their price target on Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. 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. Finally, BMO Capital Markets lowered their target price 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. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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).