Avala Global LP Makes New Investment in Entegris, Inc. (NASDAQ:ENTG)

Avala Global LP bought a new position in shares of Entegris, Inc. (NASDAQ:ENTG) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 305,917 shares of the semiconductor company’s stock, valued at approximately $34,425,000. Entegris accounts for 2.3% of Avala Global LP’s portfolio, making the stock its 22nd largest holding. Avala Global LP owned 0.20% of Entegris as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of ENTG. Innealta Capital LLC acquired a new position in shares of Entegris in the 2nd quarter valued at $26,000. Quarry LP acquired a new position in shares of Entegris in the 2nd quarter valued at $27,000. Summit Securities Group LLC acquired a new position in shares of Entegris in the 2nd quarter valued at $27,000. Opal Wealth Advisors LLC acquired a new position in shares of Entegris in the 2nd quarter valued at $31,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Entegris in the 3rd quarter valued at $29,000.

Analyst Upgrades and Downgrades

ENTG has been the topic of several research reports. Citigroup cut their price objective on shares of Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. BMO Capital Markets cut their price objective on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. Mizuho cut their price objective on shares of Entegris from $143.00 to $125.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. KeyCorp cut their price objective on shares of Entegris from $164.00 to $154.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. Finally, UBS Group cut their price objective on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. One investment 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.40.

Entegris Stock Up 0.6 %

Shares of ENTG stock opened at $105.63 on Monday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.83 and a current ratio of 2.92. The firm’s 50-day moving average is $106.52 and its 200-day moving average is $117.79. The stock has a market cap of $15.95 billion, a price-to-earnings ratio of 69.95, a PEG ratio of 1.74 and a beta of 1.24. Entegris, Inc. has a 52-week low of $94.92 and a 52-week high of $147.57.

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

Entegris Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, October 30th were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.38%. Entegris’s dividend payout ratio (DPR) is currently 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).