Entegris, Inc. (NASDAQ:ENTG) Shares Sold by Assetmark Inc.

Assetmark Inc. lessened its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 17.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,276 shares of the semiconductor company’s stock after selling 6,165 shares during the quarter. Assetmark Inc.’s holdings in Entegris were worth $3,294,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its stake in Entegris by 10.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 8,798 shares of the semiconductor company’s stock worth $1,236,000 after acquiring an additional 867 shares during the period. SG Americas Securities LLC increased its stake in Entegris by 272.2% in the first quarter. SG Americas Securities LLC now owns 6,484 shares of the semiconductor company’s stock valued at $911,000 after purchasing an additional 4,742 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Entegris by 52.1% during the first quarter. Russell Investments Group Ltd. now owns 104,921 shares of the semiconductor company’s stock worth $14,754,000 after buying an additional 35,925 shares during the period. US Bancorp DE boosted its stake in Entegris by 1.2% in the 1st quarter. US Bancorp DE now owns 90,141 shares of the semiconductor company’s stock worth $12,669,000 after buying an additional 1,078 shares during the last quarter. Finally, ProShare Advisors LLC grew its holdings in Entegris by 40.4% in the 1st quarter. ProShare Advisors LLC now owns 19,886 shares of the semiconductor company’s stock valued at $2,795,000 after buying an additional 5,722 shares during the period.

Entegris Stock Performance

Shares of NASDAQ:ENTG opened at $106.33 on Wednesday. The business’s 50-day simple moving average is $108.15 and its 200 day simple moving average is $120.19. The company has a market cap of $16.06 billion, a P/E ratio of 70.42, a PEG ratio of 1.71 and a beta of 1.24. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.14 and a current ratio of 2.92. Entegris, Inc. has a one year low of $93.11 and a one year high of $147.57.

Entegris (NASDAQ:ENTG) last posted its 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). The firm had revenue of $807.70 million for the quarter, compared to analyst estimates 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 period in the previous year, the firm posted $0.68 earnings per share. On average, sell-side analysts forecast that Entegris, Inc. will post 3.03 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is 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%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ENTG. 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 report on Tuesday, November 5th. KeyCorp decreased their price target on shares of Entegris from $164.00 to $154.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Needham & Company LLC restated a “buy” rating and set a $150.00 price objective on shares of Entegris in a report on Thursday, August 1st. Mizuho reduced their target price on Entegris from $143.00 to $125.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. Finally, Craig Hallum dropped 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 research 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. According to MarketBeat.com, Entegris currently has a consensus rating of “Moderate Buy” and a consensus target price 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).