2,828 Shares in Entegris, Inc. (NASDAQ:ENTG) Acquired by EP Wealth Advisors LLC

EP Wealth Advisors LLC purchased a new stake in shares of Entegris, Inc. (NASDAQ:ENTG) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 2,828 shares of the semiconductor company’s stock, valued at approximately $318,000.

Several other hedge funds also recently modified their holdings of the company. Mountaineer Partners Management LLC raised its holdings in shares of Entegris by 16,255.1% in the 3rd quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company’s stock worth $1,242,848,000 after purchasing an additional 10,977,064 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Entegris by 1,076.3% in the third quarter. Assenagon Asset Management S.A. now owns 923,332 shares of the semiconductor company’s stock valued at $103,903,000 after buying an additional 844,837 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Entegris by 130.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company’s stock valued at $155,287,000 after acquiring an additional 781,955 shares during the last quarter. Swedbank AB boosted its stake in shares of Entegris by 249.7% during the 3rd quarter. Swedbank AB now owns 1,050,361 shares of the semiconductor company’s stock worth $118,197,000 after acquiring an additional 750,000 shares in the last quarter. Finally, D1 Capital Partners L.P. acquired a new position in shares of Entegris in the 3rd quarter worth $72,143,000.

Entegris Price Performance

ENTG opened at $106.66 on Friday. 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, Inc. has a 1 year low of $94.92 and a 1 year high of $147.57. The stock has a fifty day moving average price of $105.69 and a 200 day moving average price of $116.29. The stock has a market cap of $16.11 billion, a price-to-earnings ratio of 70.64, a PEG ratio of 1.80 and a beta of 1.23.

Entegris (NASDAQ:ENTG) last announced 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 firm had revenue of $807.70 million during 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 company’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.68 EPS. Analysts forecast that Entegris, Inc. will post 2.99 EPS for the current fiscal year.

Entegris Announces Dividend

The firm also recently declared 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. 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 is currently 26.49%.

Analysts Set New Price Targets

ENTG has been the subject of several analyst reports. UBS Group reduced their target price on Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. BMO Capital Markets dropped their target price on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. 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. Citigroup lowered their price objective on shares of Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Finally, Craig Hallum reduced their target price on Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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).