Everence Capital Management Inc. Makes New $399,000 Investment in Entegris, Inc. (NASDAQ:ENTG)

Everence Capital Management Inc. purchased a new position in shares of Entegris, Inc. (NASDAQ:ENTG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,030 shares of the semiconductor company’s stock, valued at approximately $399,000.

Several other large investors have also modified their holdings of ENTG. Quarry LP purchased a new position in Entegris during the 2nd quarter worth $27,000. Capital Performance Advisors LLP acquired a new position in shares of Entegris during the third quarter worth about $29,000. Blue Trust Inc. raised its holdings in Entegris by 221.3% during the third quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 239 shares in the last quarter. Covestor Ltd lifted its position in Entegris by 241.8% in the third quarter. Covestor Ltd now owns 417 shares of the semiconductor company’s stock valued at $47,000 after purchasing an additional 295 shares during the period. Finally, Huntington National Bank boosted its holdings in Entegris by 41.0% in the 3rd quarter. Huntington National Bank now owns 454 shares of the semiconductor company’s stock valued at $51,000 after purchasing an additional 132 shares in the last quarter.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ENTG shares. Craig Hallum cut their target price on Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft reduced their target price on Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. KeyCorp lowered their price target 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. Mizuho reduced their price objective on shares of Entegris from $143.00 to $125.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. Finally, BMO Capital Markets lowered their target price 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. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $135.40.

Entegris Price Performance

Shares of NASDAQ:ENTG opened at $100.60 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 business’s fifty day moving average price is $104.35 and its two-hundred day moving average price is $112.84. The stock has a market cap of $15.19 billion, a PE ratio of 66.62, a price-to-earnings-growth ratio of 1.80 and a beta of 1.24. Entegris, Inc. has a one year low of $94.92 and a one year high of $147.57.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $832.44 million. During the same period in the previous year, the business earned $0.68 EPS. The firm’s revenue was down 9.1% on a year-over-year basis. On average, analysts forecast that Entegris, Inc. will post 2.99 EPS for the current fiscal year.

Entegris Dividend Announcement

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

Entegris 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).