UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $68.42 Million Stock Holdings in Entegris, Inc. (NASDAQ:ENTG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 2.4% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 607,975 shares of the semiconductor company’s stock after buying an additional 14,184 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Entegris were worth $68,415,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Innealta Capital LLC bought a new position in Entegris in the second quarter valued at about $26,000. Quarry LP acquired a new stake in shares of Entegris in the 2nd quarter valued at approximately $27,000. Summit Securities Group LLC bought a new stake in shares of Entegris during the 2nd quarter valued at approximately $27,000. Opal Wealth Advisors LLC acquired a new position in Entegris during the 2nd quarter worth approximately $31,000. Finally, Capital Performance Advisors LLP bought a new position in Entegris in the 3rd quarter valued at approximately $29,000.

Entegris Price Performance

ENTG stock opened at $108.83 on Tuesday. The company has a quick ratio of 1.83, a current ratio of 2.92 and a debt-to-equity ratio of 1.14. The company’s fifty day simple moving average is $106.52 and its 200 day simple moving average is $117.68. Entegris, Inc. has a 12-month low of $94.92 and a 12-month high of $147.57. The firm has a market cap of $16.43 billion, a price-to-earnings ratio of 72.07, a PEG ratio of 1.74 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last announced its 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). Entegris had a net margin of 7.13% and a return on equity of 12.24%. The business had revenue of $807.70 million for the quarter, compared to the consensus estimate of $832.44 million. During the same quarter in the previous year, the company earned $0.68 EPS. The firm’s revenue for the quarter was down 9.1% on a year-over-year basis. On average, analysts expect 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. Stockholders of record on Wednesday, October 30th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend was Wednesday, October 30th. Entegris’s dividend payout ratio (DPR) is 26.49%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. KeyCorp decreased their target price on shares of Entegris from $164.00 to $154.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Mizuho dropped their target price on Entegris from $143.00 to $125.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Craig Hallum reduced 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 dropped their price objective on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft decreased 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. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus 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).