Cerity Partners LLC Buys 10,038 Shares of Entegris, Inc. (NASDAQ:ENTG)

Cerity Partners LLC increased its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 27.3% in the third quarter, Holdings Channel.com reports. The fund owned 46,861 shares of the semiconductor company’s stock after purchasing an additional 10,038 shares during the period. Cerity Partners LLC’s holdings in Entegris were worth $5,273,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ENTG. Innealta Capital LLC bought a new stake in Entegris in the 2nd quarter worth approximately $26,000. Summit Securities Group LLC purchased a new position in shares of Entegris in the second quarter valued at $27,000. Quarry LP bought a new stake in Entegris in the second quarter worth $27,000. Capital Performance Advisors LLP purchased a new stake in Entegris during the third quarter valued at $29,000. Finally, Opal Wealth Advisors LLC bought a new position in Entegris during the second quarter valued at $31,000.

Entegris Trading Down 0.5 %

Shares of ENTG opened at $104.96 on Friday. The firm has a market capitalization of $15.85 billion, a price-to-earnings ratio of 69.51, a PEG ratio of 1.78 and a beta of 1.24. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.92 and a quick ratio of 1.83. Entegris, Inc. has a 1-year low of $94.92 and a 1-year high of $147.57. The company has a 50-day moving average of $106.83 and a 200 day moving average of $118.13.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $832.44 million. During the same period in the prior year, the firm posted $0.68 EPS. The business’s revenue was down 9.1% on a year-over-year basis. On average, research analysts expect that Entegris, Inc. will post 2.99 EPS for the current year.

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date was Wednesday, October 30th. Entegris’s payout ratio is 26.49%.

Analyst Ratings Changes

A number of analysts have recently weighed in on ENTG shares. UBS Group reduced their target price 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 price objective on Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $150.00 price objective on shares of Entegris in a research note on Thursday, August 1st. Craig Hallum cut their target price on Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Finally, BMO Capital Markets lowered their price target on Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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).