Covestor Ltd Purchases 295 Shares of Entegris, Inc. (NASDAQ:ENTG)

Covestor Ltd lifted its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 241.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 417 shares of the semiconductor company’s stock after buying an additional 295 shares during the quarter. Covestor Ltd’s holdings in Entegris were worth $47,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Innealta Capital LLC acquired a new position in shares of Entegris in the second quarter valued at about $26,000. Summit Securities Group LLC purchased a new position in shares of Entegris in the second quarter valued at approximately $27,000. Quarry LP purchased a new position in shares of Entegris in the second quarter valued at approximately $27,000. Capital Performance Advisors LLP purchased a new position in shares of Entegris in the third quarter valued at approximately $29,000. Finally, Opal Wealth Advisors LLC purchased a new position in Entegris during the second quarter worth approximately $31,000.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Citigroup reduced their target price on Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. KeyCorp reduced their target price on Entegris from $164.00 to $154.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. UBS Group reduced their price objective on Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft reduced their price target on Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, Craig Hallum dropped their price objective on Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. 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 company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $135.40.

Entegris Stock Performance

Entegris stock opened at $97.67 on Friday. Entegris, Inc. has a fifty-two week low of $94.92 and a fifty-two week high of $147.57. The stock has a fifty day moving average of $107.71 and a two-hundred day moving average of $119.69. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.83 and a current ratio of 2.92. The company has a market capitalization of $14.75 billion, a price-to-earnings ratio of 64.68, a PEG ratio of 1.71 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last issued its 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). Entegris had a net margin of 7.13% and a return on equity of 12.24%. The firm had revenue of $807.70 million during the quarter, compared to analyst estimates of $832.44 million. During the same quarter in the previous year, the business posted $0.68 EPS. Entegris’s revenue was down 9.1% compared to the same quarter last year. On average, analysts anticipate that Entegris, Inc. will post 3.03 EPS for the current fiscal year.

Entegris Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date of this dividend is Wednesday, October 30th. Entegris’s dividend payout ratio 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).