Entegris, Inc. (NASDAQ:ENTG) Position Reduced by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. lowered its stake in Entegris, Inc. (NASDAQ:ENTG) by 29.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 2,390 shares of the semiconductor company’s stock after selling 980 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Entegris were worth $268,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of ENTG. Innealta Capital LLC bought a new stake in Entegris during the second quarter valued at $26,000. Summit Securities Group LLC bought a new stake in shares of Entegris during the 2nd quarter valued at about $27,000. Quarry LP acquired a new stake in Entegris during the second quarter worth about $27,000. Capital Performance Advisors LLP bought a new position in Entegris in the third quarter worth about $29,000. Finally, Blue Trust Inc. boosted its stake in Entegris by 221.3% in the third quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 239 shares during the period.

Entegris Trading Up 1.6 %

Entegris stock opened at $99.46 on Friday. Entegris, Inc. has a 12-month low of $94.92 and a 12-month high of $147.57. 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 $15.02 billion, a PE ratio of 65.87, a price-to-earnings-growth ratio of 1.80 and a beta of 1.23. The firm has a 50 day simple moving average of $105.06 and a 200-day simple moving average of $115.41.

Entegris (NASDAQ:ENTG) last issued its quarterly 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 firm had revenue of $807.70 million for the quarter, compared to the consensus estimate of $832.44 million. During the same period in the previous year, the business posted $0.68 earnings per share. The business’s revenue for the quarter was down 9.1% compared to the same quarter last year. As a group, equities research analysts expect 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. Shareholders of record on Wednesday, October 30th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend was Wednesday, October 30th. Entegris’s dividend payout ratio (DPR) is presently 26.49%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on ENTG shares. BMO Capital Markets dropped their price target on Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. Citigroup reduced their price target on shares of Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. UBS Group dropped their price objective on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Finally, Craig Hallum dropped their price target on shares of Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. One investment 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’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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).