Orion Portfolio Solutions LLC Cuts Position in Entegris, Inc. (NASDAQ:ENTG)

Orion Portfolio Solutions LLC decreased its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 11.0% in the third quarter, Holdings Channel.com reports. The firm owned 67,287 shares of the semiconductor company’s stock after selling 8,319 shares during the period. Orion Portfolio Solutions LLC’s holdings in Entegris were worth $7,572,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Innealta Capital LLC purchased a new stake in shares of Entegris in the 2nd quarter worth approximately $26,000. Summit Securities Group LLC bought a new stake in Entegris in the second quarter worth $27,000. Quarry LP purchased a new stake in shares of Entegris in the second quarter worth $27,000. Capital Performance Advisors LLP purchased a new stake in shares of Entegris in the third quarter worth $29,000. Finally, Blue Trust Inc. increased its holdings in shares of 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 acquiring an additional 239 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. BMO Capital Markets dropped their price target on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. KeyCorp dropped their target price on shares of Entegris from $164.00 to $154.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Mizuho reduced their price target on shares of Entegris from $143.00 to $125.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Craig Hallum lowered their price objective 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, UBS Group reduced their target price on Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. One research 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, the stock has an average rating of “Moderate Buy” and an average price target of $135.40.

Entegris Price Performance

NASDAQ ENTG opened at $109.40 on Monday. The stock has a market capitalization of $16.52 billion, a price-to-earnings ratio of 72.45, a PEG ratio of 1.82 and a beta of 1.23. Entegris, Inc. has a 1-year low of $94.92 and a 1-year high of $147.57. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.92 and a quick ratio of 1.83. The business’s fifty day moving average price is $106.06 and its 200-day moving average price is $116.90.

Entegris (NASDAQ:ENTG) last posted 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). The firm had revenue of $807.70 million during the quarter, compared to the consensus estimate of $832.44 million. Entegris had a net margin of 7.13% and a return on equity of 12.24%. The firm’s revenue was down 9.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.68 EPS. On average, equities analysts predict that Entegris, Inc. will post 2.99 earnings per share for the current year.

Entegris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, October 30th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date was Wednesday, October 30th. Entegris’s payout ratio is 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).