Sequoia Financial Advisors LLC Purchases 600 Shares of Entegris, Inc. (NASDAQ:ENTG)

Sequoia Financial Advisors LLC raised its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 34.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,335 shares of the semiconductor company’s stock after acquiring an additional 600 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Entegris were worth $263,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Innealta Capital LLC bought a new stake in shares of Entegris in the 2nd quarter worth approximately $26,000. Quarry LP bought a new stake in shares of Entegris in the 2nd quarter worth approximately $27,000. Summit Securities Group LLC bought a new stake in shares of Entegris in the 2nd quarter worth approximately $27,000. Opal Wealth Advisors LLC bought a new stake in shares of Entegris in the 2nd quarter worth approximately $31,000. Finally, ORG Partners LLC bought a new stake in shares of Entegris in the 1st quarter worth approximately $33,000.

Entegris Trading Up 0.9 %

NASDAQ:ENTG opened at $105.95 on Tuesday. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.58 and a quick ratio of 2.14. The firm has a market capitalization of $15.98 billion, a price-to-earnings ratio of 50.94, a price-to-earnings-growth ratio of 1.39 and a beta of 1.24. Entegris, Inc. has a one year low of $84.13 and a one year high of $147.57. The business has a fifty day moving average price of $109.93 and a 200-day moving average price of $121.97.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.70 by $0.01. The firm had revenue of $812.60 million during the quarter, compared to analyst estimates of $802.43 million. Entegris had a return on equity of 12.03% and a net margin of 5.61%. Entegris’s revenue was down 9.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.66 EPS. Sell-side analysts forecast that Entegris, Inc. will post 3.13 EPS for the current year.

Entegris Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, October 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. Entegris’s dividend payout ratio (DPR) is 19.23%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ENTG. BMO Capital Markets decreased their price objective on shares of Entegris from $160.00 to $145.00 and set an “outperform” rating for the company in a report on Thursday, August 1st. Citigroup upgraded shares of Entegris from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $119.00 to $130.00 in a report on Monday, September 16th. Mizuho upgraded shares of Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price objective for the company in a report on Thursday, August 1st. Needham & Company LLC restated a “buy” rating and issued a $150.00 price objective on shares of Entegris in a report on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Entegris from $160.00 to $145.00 and set a “buy” rating for the company in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $146.40.

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).