Amalgamated Bank Sells 116 Shares of Entegris, Inc. (NASDAQ:ENTG)

Amalgamated Bank reduced its position in Entegris, Inc. (NASDAQ:ENTG) by 1.1% during the third quarter, Holdings Channel reports. The institutional investor owned 10,060 shares of the semiconductor company’s stock after selling 116 shares during the quarter. Amalgamated Bank’s holdings in Entegris were worth $1,132,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wedmont Private Capital boosted its stake in Entegris by 5.9% in the second quarter. Wedmont Private Capital now owns 1,609 shares of the semiconductor company’s stock valued at $232,000 after acquiring an additional 90 shares in the last quarter. Everpar Advisors LLC grew its stake in Entegris by 6.5% during the 2nd quarter. Everpar Advisors LLC now owns 1,656 shares of the semiconductor company’s stock worth $224,000 after buying an additional 101 shares during the last quarter. Arizona State Retirement System increased its position in Entegris by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 41,406 shares of the semiconductor company’s stock valued at $5,606,000 after buying an additional 105 shares in the last quarter. Fulton Bank N.A. raised its stake in Entegris by 0.9% in the second quarter. Fulton Bank N.A. now owns 11,703 shares of the semiconductor company’s stock valued at $1,585,000 after buying an additional 108 shares during the last quarter. Finally, Hilltop National Bank boosted its holdings in Entegris by 12.5% in the second quarter. Hilltop National Bank now owns 978 shares of the semiconductor company’s stock worth $132,000 after acquiring an additional 109 shares in the last quarter.

Entegris Stock Down 1.1 %

Shares of ENTG opened at $105.12 on Thursday. The stock’s 50-day moving average price is $108.07 and its 200-day moving average price is $120.08. The company has a quick ratio of 1.83, a current ratio of 2.92 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $15.87 billion, a price-to-earnings ratio of 69.62, a PEG ratio of 1.73 and a beta of 1.24. Entegris, Inc. has a 52 week low of $94.92 and a 52 week high of $147.57.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). The firm had revenue of $807.70 million for 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 revenue for the quarter was down 9.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.68 EPS. On average, sell-side analysts predict that Entegris, Inc. will post 3.03 EPS for the current year.

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th will be issued a $0.10 dividend. The ex-dividend date is Wednesday, October 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.38%. Entegris’s payout ratio is 26.49%.

Wall Street Analyst Weigh In

ENTG has been the subject of several research analyst reports. BMO Capital Markets decreased their price objective on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Craig Hallum lowered their price objective 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 dropped their price objective on shares of Entegris from $164.00 to $154.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Mizuho reduced their target price on Entegris from $143.00 to $125.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $150.00 price target on shares of Entegris in a research note on Thursday, August 1st. One equities 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 stock. Based on data from MarketBeat.com, Entegris presently has an average rating of “Moderate Buy” and an average target price of $135.40.

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).