Diversify Wealth Management LLC Purchases 226 Shares of Entegris, Inc. (NASDAQ:ENTG)

Diversify Wealth Management LLC lifted its position in Entegris, Inc. (NASDAQ:ENTG) by 4.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,930 shares of the semiconductor company’s stock after purchasing an additional 226 shares during the quarter. Diversify Wealth Management LLC’s holdings in Entegris were worth $509,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Innealta Capital LLC bought a new stake in shares of Entegris in the 2nd quarter worth about $26,000. Quarry LP bought a new stake in shares of Entegris in the 2nd quarter worth about $27,000. Summit Securities Group LLC bought a new stake in shares of Entegris in the 2nd quarter worth about $27,000. Opal Wealth Advisors LLC bought a new stake in shares of Entegris in the 2nd quarter worth about $31,000. Finally, ORG Partners LLC bought a new stake in shares of Entegris in the 1st quarter worth about $33,000.

Analysts Set New Price Targets

ENTG has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Entegris from $160.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. BMO Capital Markets decreased their price objective on shares of Entegris from $160.00 to $145.00 and set an “outperform” rating on the stock in a report on Thursday, August 1st. Mizuho raised shares of Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price objective on the stock in a report on Thursday, August 1st. Citigroup raised shares of Entegris from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $119.00 to $130.00 in a report on Monday, September 16th. Finally, Needham & Company LLC reissued a “buy” rating and set a $150.00 price objective on shares of Entegris in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Entegris presently has an average rating of “Moderate Buy” and an average price target of $146.40.

Entegris Stock Performance

Shares of NASDAQ:ENTG opened at $104.71 on Friday. The company has a market capitalization of $15.79 billion, a price-to-earnings ratio of 50.34, a P/E/G ratio of 1.39 and a beta of 1.24. The firm’s 50 day simple moving average is $109.55 and its 200 day simple moving average is $121.58. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.58 and a quick ratio of 2.14. Entegris, Inc. has a fifty-two week low of $84.13 and a fifty-two week high of $147.57.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.01. The business had revenue of $812.60 million for the quarter, compared to the consensus estimate of $802.43 million. Entegris had a net margin of 5.61% and a return on equity of 12.03%. Entegris’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same period last year, the company posted $0.66 EPS. As a group, sell-side analysts forecast that Entegris, Inc. will post 3.13 earnings per share for the current year.

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, October 30th will be given a $0.10 dividend. The ex-dividend date is Wednesday, October 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. Entegris’s dividend payout ratio is 19.23%.

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).