Kestra Investment Management LLC Acquires Shares of 2,496 Entegris, Inc. (NASDAQ:ENTG)

Kestra Investment Management LLC bought a new position in Entegris, Inc. (NASDAQ:ENTG) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,496 shares of the semiconductor company’s stock, valued at approximately $281,000.

Several other hedge funds also recently made changes to their positions in ENTG. Assenagon Asset Management S.A. raised its holdings in Entegris by 1,076.3% during the third quarter. Assenagon Asset Management S.A. now owns 923,332 shares of the semiconductor company’s stock worth $103,903,000 after purchasing an additional 844,837 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Entegris by 130.8% in 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 buying an additional 781,955 shares during the period. Swedbank AB boosted its stake in shares of Entegris by 249.7% in the third quarter. Swedbank AB now owns 1,050,361 shares of the semiconductor company’s stock valued at $118,197,000 after buying an additional 750,000 shares in the last quarter. D1 Capital Partners L.P. acquired a new position in Entegris during the third quarter worth $72,143,000. Finally, RGM Capital LLC raised its position in Entegris by 76.4% in the third quarter. RGM Capital LLC now owns 1,050,037 shares of the semiconductor company’s stock worth $118,161,000 after acquiring an additional 454,853 shares in the last quarter.

Analysts Set New Price Targets

Several brokerages have commented on ENTG. 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 report on Tuesday, November 5th. Citigroup lowered their target price 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. UBS Group reduced their price target on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Mizuho lowered their price target on Entegris from $143.00 to $125.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. Finally, Craig Hallum reduced their price objective on Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. One 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $135.40.

Entegris Stock Performance

NASDAQ ENTG 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. Entegris, Inc. has a fifty-two week low of $94.92 and a fifty-two week high of $147.57. The business has a fifty day moving average of $106.52 and a 200-day moving average of $117.68. The stock has a market cap of $16.43 billion, a price-to-earnings ratio of 72.07, a price-to-earnings-growth 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 earnings per share 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 firm 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 firm posted $0.68 EPS. The company’s revenue for the quarter was down 9.1% compared to the same quarter last year. As a group, analysts predict that Entegris, Inc. will post 2.99 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Investors 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 yield of 0.37%. Entegris’s dividend payout ratio (DPR) is currently 26.49%.

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).