Arkadios Wealth Advisors Boosts Stock Holdings in Entegris, Inc. (NASDAQ:ENTG)

Arkadios Wealth Advisors boosted its stake in Entegris, Inc. (NASDAQ:ENTG) by 8.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,892 shares of the semiconductor company’s stock after purchasing an additional 150 shares during the quarter. Arkadios Wealth Advisors’ holdings in Entegris were worth $213,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Entegris by 0.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 309,330 shares of the semiconductor company’s stock valued at $43,473,000 after purchasing an additional 1,209 shares in the last quarter. First Trust Direct Indexing L.P. increased its holdings in shares of Entegris by 5.3% in the 1st quarter. First Trust Direct Indexing L.P. now owns 3,851 shares of the semiconductor company’s stock worth $541,000 after buying an additional 193 shares during the last quarter. HB Wealth Management LLC purchased a new stake in shares of Entegris during the 1st quarter valued at about $212,000. Private Advisor Group LLC lifted its holdings in shares of Entegris by 3.0% in the 1st quarter. Private Advisor Group LLC now owns 10,221 shares of the semiconductor company’s stock valued at $1,437,000 after acquiring an additional 299 shares during the last quarter. Finally, Diversify Advisory Services LLC purchased a new position in Entegris in the first quarter worth about $642,000.

Entegris Stock Down 2.1 %

Shares of NASDAQ ENTG opened at $104.71 on Friday. Entegris, Inc. has a 52-week low of $84.13 and a 52-week high of $147.57. The firm has a market capitalization of $15.79 billion, a price-to-earnings ratio of 50.34, a PEG ratio of 1.39 and a beta of 1.24. The stock has a 50 day moving average price of $109.55 and a 200 day moving average price of $121.58. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.14 and a current ratio of 3.58.

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

Entegris Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.38%. The ex-dividend date is Wednesday, October 30th. Entegris’s payout ratio is 19.23%.

Wall Street Analysts Forecast Growth

ENTG has been the subject of several analyst reports. Citigroup raised Entegris from a “neutral” rating to a “buy” rating and raised their price objective for the company from $119.00 to $130.00 in a research note on Monday, September 16th. Needham & Company LLC reiterated a “buy” rating and set a $150.00 price objective on shares of Entegris in a research report on Thursday, August 1st. BMO Capital Markets reduced their target price on shares of Entegris from $160.00 to $145.00 and set an “outperform” rating on the stock in a research note on Thursday, August 1st. Mizuho raised shares of Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price target for the company in a research note on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Entegris from $160.00 to $145.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $146.40.

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).