Entegris, Inc. (NASDAQ:ENTG) Stock Position Trimmed by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. decreased its position in Entegris, Inc. (NASDAQ:ENTG) by 19.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 73,442 shares of the semiconductor company’s stock after selling 17,992 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Entegris were worth $8,264,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co grew its holdings in Entegris by 161.1% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 107,677 shares of the semiconductor company’s stock worth $15,135,000 after buying an additional 66,437 shares in the last quarter. Diversified Trust Co bought a new stake in shares of Entegris during the second quarter valued at about $851,000. Cetera Investment Advisers lifted its holdings in Entegris by 128.0% in the first quarter. Cetera Investment Advisers now owns 20,387 shares of the semiconductor company’s stock worth $2,865,000 after purchasing an additional 11,444 shares during the period. SG Americas Securities LLC grew its position in Entegris by 272.2% in the 1st quarter. SG Americas Securities LLC now owns 6,484 shares of the semiconductor company’s stock valued at $911,000 after buying an additional 4,742 shares in the last quarter. Finally, Swedbank AB increased its stake in Entegris by 520.3% during the 2nd quarter. Swedbank AB now owns 300,361 shares of the semiconductor company’s stock valued at $40,669,000 after buying an additional 251,938 shares during the period.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ENTG. Craig Hallum reduced their price target on shares of Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. KeyCorp decreased their price target on Entegris from $164.00 to $154.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lowered their price target on Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. 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 report on Tuesday, November 5th. Finally, Citigroup cut 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. 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 stock. Based on data from MarketBeat, Entegris has a consensus rating of “Moderate Buy” and a consensus target price of $135.40.

Entegris Stock Down 1.1 %

ENTG stock opened at $105.12 on Thursday. The firm has a market cap of $15.87 billion, a PE ratio of 69.62, a PEG ratio of 1.73 and a beta of 1.24. Entegris, Inc. has a 1 year low of $94.92 and a 1 year high of $147.57. The company has a fifty day simple moving average of $108.07 and a 200 day simple moving average of $120.08. The company has a current ratio of 2.92, a quick ratio of 1.83 and a debt-to-equity ratio of 1.14.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). The company had revenue of $807.70 million during the quarter, compared to analyst estimates of $832.44 million. Entegris had a return on equity of 12.24% and a net margin of 7.13%. Entegris’s quarterly revenue was down 9.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.68 EPS. Sell-side analysts anticipate that Entegris, Inc. will post 3.03 EPS for the current fiscal year.

Entegris Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $0.40 annualized dividend and a yield of 0.38%. Entegris’s dividend payout ratio (DPR) is presently 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).