Riverbridge Partners LLC lessened its position in shares of Entegris, Inc. (NASDAQ:ENTG – Free Report) by 7.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 349,741 shares of the semiconductor company’s stock after selling 28,094 shares during the quarter. Riverbridge Partners LLC’s holdings in Entegris were worth $34,645,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in ENTG. Charles Schwab Investment Management Inc. lifted its stake in shares of Entegris by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,065,812 shares of the semiconductor company’s stock valued at $119,936,000 after purchasing an additional 14,650 shares during the last quarter. Synovus Financial Corp raised its holdings in Entegris by 102.3% in the 3rd quarter. Synovus Financial Corp now owns 38,253 shares of the semiconductor company’s stock valued at $4,305,000 after buying an additional 19,340 shares during the period. Argent Capital Management LLC lifted its position in Entegris by 9.9% in the fourth quarter. Argent Capital Management LLC now owns 31,066 shares of the semiconductor company’s stock valued at $3,077,000 after buying an additional 2,793 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in Entegris during the third quarter worth about $1,158,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Entegris in the 3rd quarter valued at approximately $1,963,000.
Wall Street Analyst Weigh In
Several analysts recently weighed in on ENTG shares. KeyCorp dropped their target price on shares of Entegris from $154.00 to $150.00 and set an “overweight” rating for the company in a report on Friday, January 10th. Deutsche Bank Aktiengesellschaft dropped their price objective on Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. UBS Group lowered their target price on Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Mizuho cut their price target on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Finally, BMO Capital Markets lowered their price objective on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $134.50.
Entegris Stock Up 0.4 %
Shares of NASDAQ:ENTG opened at $107.19 on Thursday. 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 stock has a market cap of $16.19 billion, a price-to-earnings ratio of 70.99, a price-to-earnings-growth ratio of 1.43 and a beta of 1.24. The firm’s 50 day moving average price is $103.58 and its 200 day moving average price is $110.00.
Entegris (NASDAQ:ENTG – Get Free Report) last released its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.01). The firm had revenue of $807.70 million for the quarter, compared to analysts’ expectations of $832.44 million. Entegris had a return on equity of 12.24% and a net margin of 7.13%. Entegris’s revenue for the quarter was down 9.1% on a year-over-year basis. During the same period last year, the firm posted $0.68 earnings per share. As a group, equities research analysts predict that Entegris, Inc. will post 2.95 earnings per share for the current fiscal year.
Entegris Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.37%. Entegris’s payout ratio is currently 26.49%.
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).
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