Arkadios Wealth Advisors Raises Stake in Entegris, Inc. (NASDAQ:ENTG)

Arkadios Wealth Advisors increased its stake in Entegris, Inc. (NASDAQ:ENTG) by 10.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,083 shares of the semiconductor company’s stock after buying an additional 191 shares during the period. Arkadios Wealth Advisors’ holdings in Entegris were worth $206,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP purchased a new stake in Entegris during the second quarter valued at about $27,000. Capital Performance Advisors LLP purchased a new stake in Entegris during the third quarter valued at about $29,000. Blue Trust Inc. lifted its holdings in Entegris by 221.3% during the third quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 239 shares during the last quarter. Fortitude Family Office LLC lifted its holdings in Entegris by 195.7% during the fourth quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 274 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in Entegris by 241.8% during the third quarter. Covestor Ltd now owns 417 shares of the semiconductor company’s stock valued at $47,000 after purchasing an additional 295 shares during the last quarter.

Entegris Stock Down 1.6 %

ENTG stock opened at $104.19 on Friday. The company has a current ratio of 2.92, a quick ratio of 1.83 and a debt-to-equity ratio of 1.14. The company’s 50 day moving average is $103.80 and its 200 day moving average is $109.71. The stock has a market cap of $15.73 billion, a price-to-earnings ratio of 69.00, a price-to-earnings-growth ratio of 1.46 and a beta of 1.24. Entegris, Inc. has a 1-year low of $94.92 and a 1-year high of $147.57.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.77 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 business had revenue of $807.70 million for the quarter, compared to the consensus estimate of $832.44 million. During the same quarter in the previous year, the business earned $0.68 earnings per share. The firm’s revenue was down 9.1% on a year-over-year basis. Sell-side analysts predict that Entegris, Inc. will post 2.94 EPS for the current fiscal year.

Entegris Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend is Wednesday, January 29th. Entegris’s payout ratio is currently 26.49%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. UBS Group decreased their price target on Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Citigroup decreased their price target on Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. BMO Capital Markets decreased 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. Mizuho decreased their price target on Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Finally, KeyCorp decreased their price target on Entegris from $154.00 to $150.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.50.

About Entegris

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).