Oddo BHF Asset Management Sas Takes $1.15 Million Position in Entegris, Inc. (NASDAQ:ENTG)

Oddo BHF Asset Management Sas acquired a new position in Entegris, Inc. (NASDAQ:ENTG) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 10,256 shares of the semiconductor company’s stock, valued at approximately $1,154,000.

Several other large investors also recently modified their holdings of ENTG. Innealta Capital LLC purchased a new stake in shares of Entegris during the 2nd quarter valued at about $26,000. Summit Securities Group LLC purchased a new stake in Entegris during the second quarter valued at approximately $27,000. Quarry LP bought a new position in Entegris in the second quarter worth approximately $27,000. Capital Performance Advisors LLP purchased a new stake in shares of Entegris in the 3rd quarter worth $29,000. Finally, Blue Trust Inc. raised its holdings in Entegris by 221.3% in the 3rd quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 239 shares during the period.

Entegris Price Performance

NASDAQ:ENTG opened at $106.66 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. Entegris, Inc. has a 12 month low of $94.92 and a 12 month high of $147.57. The business’s 50-day moving average is $105.69 and its 200 day moving average is $116.29. The company has a market capitalization of $16.11 billion, a P/E ratio of 70.64, a P/E/G ratio of 1.80 and a beta of 1.23.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.01). The business had revenue of $807.70 million during the quarter, compared to the consensus estimate of $832.44 million. Entegris had a return on equity of 12.24% and a net margin of 7.13%. The company’s revenue for the quarter was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.68 EPS. On average, equities research analysts forecast that Entegris, Inc. will post 2.99 earnings per share for the current fiscal year.

Entegris Announces Dividend

The firm also recently declared 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 0.38%. The ex-dividend date of this dividend was Wednesday, October 30th. Entegris’s payout ratio is 26.49%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on ENTG shares. KeyCorp reduced their price target on Entegris from $164.00 to $154.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. UBS Group decreased their target price on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Citigroup lowered their target price on shares of Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Finally, Craig Hallum cut their price target 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 assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $135.40.

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).