Blueshift Asset Management LLC Invests $468,000 in Entegris, Inc. (NASDAQ:ENTG)

Blueshift Asset Management LLC acquired a new stake in Entegris, Inc. (NASDAQ:ENTG) in the 3rd quarter, Holdings Channel reports. The firm acquired 4,155 shares of the semiconductor company’s stock, valued at approximately $468,000.

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

Entegris Stock Down 0.5 %

ENTG opened at $104.96 on Thursday. Entegris, Inc. has a 12 month low of $94.92 and a 12 month high of $147.57. The business has a 50-day moving average of $106.93 and a two-hundred day moving average of $118.22. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.92 and a quick ratio of 1.83. The stock has a market capitalization of $15.85 billion, a price-to-earnings ratio of 69.51, a price-to-earnings-growth ratio of 1.78 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last released its earnings results 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). Entegris had a return on equity of 12.24% and a net margin of 7.13%. The company had revenue of $807.70 million during the quarter, compared to analyst estimates of $832.44 million. During the same period in the prior year, the business posted $0.68 earnings per share. Entegris’s revenue was down 9.1% on a year-over-year basis. On average, research analysts expect that Entegris, Inc. will post 2.99 earnings per share for the current year.

Entegris Dividend Announcement

The company also recently disclosed 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 payout ratio is 26.49%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on ENTG shares. BMO Capital Markets cut their price objective on Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Craig Hallum cut their price target on Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Citigroup reduced their price objective on Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft dropped their price objective on Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, KeyCorp reduced their target price on shares of Entegris from $164.00 to $154.00 and set an “overweight” rating on the stock 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 given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $135.40.

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).