Amalgamated Bank Lowers Stock Position in Entegris, Inc. (NASDAQ:ENTG)

Amalgamated Bank decreased its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 1.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,060 shares of the semiconductor company’s stock after selling 116 shares during the period. Amalgamated Bank’s holdings in Entegris were worth $1,132,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in ENTG. CANADA LIFE ASSURANCE Co lifted its position in shares of Entegris by 161.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 107,677 shares of the semiconductor company’s stock valued at $15,135,000 after acquiring an additional 66,437 shares in the last quarter. Diversified Trust Co bought a new position in Entegris in the 2nd quarter worth approximately $851,000. Cetera Investment Advisers grew its holdings in Entegris by 128.0% during the 1st quarter. Cetera Investment Advisers now owns 20,387 shares of the semiconductor company’s stock valued at $2,865,000 after buying an additional 11,444 shares in the last quarter. SG Americas Securities LLC grew its holdings in Entegris by 272.2% during the 1st quarter. SG Americas Securities LLC now owns 6,484 shares of the semiconductor company’s stock valued at $911,000 after buying an additional 4,742 shares in the last quarter. Finally, Swedbank AB lifted its holdings in shares of Entegris by 520.3% in the second quarter. Swedbank AB now owns 300,361 shares of the semiconductor company’s stock worth $40,669,000 after buying an additional 251,938 shares in the last quarter.

Entegris Trading Down 1.1 %

ENTG opened at $105.12 on Thursday. The company has a quick ratio of 1.83, a current ratio of 2.92 and a debt-to-equity ratio of 1.14. The stock’s fifty day moving average is $108.07 and its two-hundred day moving average is $120.08. The company has a market capitalization of $15.87 billion, a P/E ratio of 69.62, a PEG ratio of 1.73 and a beta of 1.24. Entegris, Inc. has a 52 week low of $94.92 and a 52 week high of $147.57.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.01). Entegris had a net margin of 7.13% and a return on equity of 12.24%. The firm had revenue of $807.70 million during the quarter, compared to the consensus estimate of $832.44 million. During the same quarter in the previous year, the firm earned $0.68 earnings per share. The business’s revenue was down 9.1% compared to the same quarter last year. Analysts forecast that Entegris, Inc. will post 3.03 earnings per share for the current year.

Entegris Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Investors 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 26.49%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ENTG. Mizuho cut their target price 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. Deutsche Bank Aktiengesellschaft cut their price objective on Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. UBS Group decreased their target price on Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. BMO Capital Markets dropped their price target on Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. Finally, KeyCorp reduced their price objective on Entegris from $164.00 to $154.00 and set an “overweight” rating on the stock 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 issued a buy rating to the stock. According to data from MarketBeat.com, Entegris currently has an average rating of “Moderate Buy” and a consensus price target 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).