Polar Asset Management Partners Inc. Acquires New Position in Entegris, Inc. (NASDAQ:ENTG)

Polar Asset Management Partners Inc. acquired a new stake in Entegris, Inc. (NASDAQ:ENTG) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 52,700 shares of the semiconductor company’s stock, valued at approximately $5,930,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Innealta Capital LLC acquired a new stake in shares of Entegris in the second quarter valued at about $26,000. Summit Securities Group LLC acquired a new position in Entegris during the second quarter worth about $27,000. Quarry LP acquired a new position in Entegris during the second quarter worth about $27,000. Capital Performance Advisors LLP acquired a new position in Entegris during the third quarter worth about $29,000. Finally, Opal Wealth Advisors LLC acquired a new position in Entegris during the second quarter worth about $31,000.

Entegris Price Performance

Entegris stock opened at $110.10 on Thursday. Entegris, Inc. has a 1 year low of $94.92 and a 1 year high of $147.57. The firm has a 50 day moving average price of $106.38 and a 200 day moving average price of $117.37. The company has a market cap of $16.62 billion, a price-to-earnings ratio of 72.46, a PEG ratio of 1.80 and a beta of 1.23. 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 released its earnings results 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). Entegris had a net margin of 7.13% and a return on equity of 12.24%. The company had revenue of $807.70 million during the quarter, compared to analysts’ expectations of $832.44 million. During the same quarter in the previous year, the firm posted $0.68 earnings per share. Entegris’s revenue for the quarter was down 9.1% compared to the same quarter last year. Sell-side analysts predict that Entegris, Inc. will post 2.99 earnings per share for the current year.

Entegris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, October 30th. This represents a $0.40 annualized dividend and a yield of 0.36%. Entegris’s dividend payout ratio is currently 26.49%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on ENTG shares. Mizuho cut their target price on shares of Entegris from $143.00 to $125.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. KeyCorp cut their target price on shares of Entegris from $164.00 to $154.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Citigroup cut their target price on shares of Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. UBS Group cut their target price 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. Finally, Craig Hallum cut their price objective on shares of Entegris from $150.00 to $130.00 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 given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average 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).