Angeles Investment Advisors LLC Boosts Holdings in Entegris, Inc. (NASDAQ:ENTG)

Angeles Investment Advisors LLC grew its position in Entegris, Inc. (NASDAQ:ENTG) by 4.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,230 shares of the semiconductor company’s stock after purchasing an additional 127 shares during the period. Angeles Investment Advisors LLC’s holdings in Entegris were worth $363,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Innealta Capital LLC bought a new position in shares of Entegris in the second quarter worth $26,000. Summit Securities Group LLC acquired a new position in Entegris in the 2nd quarter worth about $27,000. Quarry LP acquired a new position in shares of Entegris during the 2nd quarter valued at about $27,000. Capital Performance Advisors LLP bought a new stake in Entegris during the 3rd quarter valued at approximately $29,000. Finally, Opal Wealth Advisors LLC bought a new stake in shares of Entegris in the 2nd quarter worth approximately $31,000.

Entegris Trading Down 0.1 %

NASDAQ ENTG traded down $0.10 during trading on Wednesday, hitting $106.23. 68,870 shares of the company’s stock traded hands, compared to its average volume of 1,670,234. The stock has a fifty day moving average of $108.15 and a two-hundred day moving average of $120.19. 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 12-month low of $94.92 and a 12-month high of $147.57. The firm has a market cap of $16.04 billion, a P/E ratio of 70.42, a PEG ratio of 1.69 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). Entegris had a return on equity of 12.24% and a net margin of 7.13%. The company had revenue of $807.70 million during the quarter, compared to the consensus estimate of $832.44 million. During the same period in the previous year, the company earned $0.68 earnings per share. Entegris’s quarterly revenue was down 9.1% on a year-over-year basis. As a group, sell-side analysts expect that Entegris, Inc. will post 3.03 EPS for the current year.

Entegris Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ENTG. UBS Group dropped their price target on Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Mizuho dropped their price objective on Entegris from $143.00 to $125.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. KeyCorp decreased their target price on Entegris from $164.00 to $154.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Needham & Company LLC reissued a “buy” rating and issued a $150.00 target price on shares of Entegris in a research note on Thursday, August 1st. Finally, BMO Capital Markets decreased their target price on Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $135.40.

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).