Fifth Third Bancorp Sells 133 Shares of Entegris, Inc. (NASDAQ:ENTG)

Fifth Third Bancorp lessened its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,348 shares of the semiconductor company’s stock after selling 133 shares during the quarter. Fifth Third Bancorp’s holdings in Entegris were worth $1,619,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Quarry LP bought a new position in shares of Entegris in the second quarter worth approximately $27,000. Capital Performance Advisors LLP purchased a new position in shares of Entegris during the 3rd quarter valued at $29,000. Blue Trust Inc. boosted its holdings in Entegris by 221.3% in the 3rd quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company’s stock worth $39,000 after buying an additional 239 shares during the period. Fortitude Family Office LLC increased its stake in Entegris by 195.7% in the 4th quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock worth $41,000 after buying an additional 274 shares in the last quarter. Finally, Covestor Ltd raised its holdings in Entegris by 241.8% during the third quarter. Covestor Ltd now owns 417 shares of the semiconductor company’s stock valued at $47,000 after acquiring an additional 295 shares during the period.

Entegris Trading Down 1.2 %

ENTG opened at $97.36 on Wednesday. The stock has a 50-day moving average of $103.74 and a 200 day moving average of $108.63. The company has a current ratio of 2.92, a quick ratio of 1.83 and a debt-to-equity ratio of 1.14. Entegris, Inc. has a 12 month low of $94.92 and a 12 month high of $147.57. The firm has a market cap of $14.70 billion, a P/E ratio of 64.48, a P/E/G ratio of 1.46 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last announced 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 company had revenue of $807.70 million during the quarter, compared to analysts’ expectations of $832.44 million. Entegris had a return on equity of 12.24% and a net margin of 7.13%. Entegris’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.68 EPS. As a group, research analysts forecast that Entegris, Inc. will post 2.94 EPS for the current year.

Entegris Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.41%. The ex-dividend date is Wednesday, January 29th. Entegris’s dividend payout ratio is currently 26.49%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ENTG shares. Craig Hallum dropped their price objective on Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Mizuho dropped their price target on Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. BMO Capital Markets reduced 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. UBS Group dropped their target price on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Finally, Citigroup reduced their price target on shares of Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. 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. According to MarketBeat.com, Entegris presently has an average rating of “Moderate Buy” and a consensus target price of $134.50.

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).