Eventide Asset Management LLC Raises Position in Entegris, Inc. (NASDAQ:ENTG)

Eventide Asset Management LLC raised its position in Entegris, Inc. (NASDAQ:ENTG) by 42.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 607,955 shares of the semiconductor company’s stock after acquiring an additional 181,113 shares during the quarter. Entegris makes up 1.2% of Eventide Asset Management LLC’s investment portfolio, making the stock its 27th largest position. Eventide Asset Management LLC’s holdings in Entegris were worth $68,413,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of ENTG. Innealta Capital LLC purchased 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 about $27,000. Quarry LP purchased a new position in shares of Entegris in the second quarter valued at about $27,000. Capital Performance Advisors LLP purchased a new position in shares of Entegris in the third quarter valued at about $29,000. Finally, Opal Wealth Advisors LLC purchased a new position in shares of Entegris in the second quarter valued at about $31,000.

Analyst Ratings Changes

ENTG has been the topic of a number of research reports. Citigroup cut 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. BMO Capital Markets cut their target price 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. Deutsche Bank Aktiengesellschaft cut their target price on shares of Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. KeyCorp cut 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. Finally, Mizuho cut their target price on shares of Entegris from $143.00 to $125.00 and set an “outperform” rating on the stock 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $135.40.

Entegris Trading Down 0.5 %

NASDAQ:ENTG opened at $104.96 on Friday. Entegris, Inc. has a one year low of $94.92 and a one 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 company’s 50-day simple moving average is $106.83 and its 200 day simple moving average is $118.13. The firm has a market capitalization of $15.85 billion, a P/E ratio of 69.51, a PEG ratio of 1.73 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 (EPS) for the quarter, missing the consensus estimate 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 return on equity of 12.24% and a net margin of 7.13%. The company’s quarterly revenue was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.68 EPS. As a group, analysts forecast that Entegris, Inc. will post 2.99 EPS for the current fiscal year.

Entegris Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th were paid a $0.10 dividend. The ex-dividend date was Wednesday, October 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. Entegris’s dividend payout ratio is presently 26.49%.

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).