Janney Montgomery Scott LLC Acquires New Holdings in Entegris, Inc. (NASDAQ:ENTG)

Janney Montgomery Scott LLC acquired a new stake in Entegris, Inc. (NASDAQ:ENTG) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 10,291 shares of the semiconductor company’s stock, valued at approximately $1,158,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. SteelPeak Wealth LLC grew its position in shares of Entegris by 119.3% in the 3rd quarter. SteelPeak Wealth LLC now owns 4,040 shares of the semiconductor company’s stock valued at $455,000 after purchasing an additional 2,198 shares during the period. Diversify Wealth Management LLC grew its position in shares of Entegris by 4.8% in the 3rd quarter. Diversify Wealth Management LLC now owns 4,930 shares of the semiconductor company’s stock valued at $509,000 after purchasing an additional 226 shares during the period. First Trust Direct Indexing L.P. grew its position in shares of Entegris by 15.0% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 4,783 shares of the semiconductor company’s stock valued at $538,000 after purchasing an additional 623 shares during the period. Vanderbilt University grew its position in shares of Entegris by 72.3% in the 3rd quarter. Vanderbilt University now owns 28,277 shares of the semiconductor company’s stock valued at $3,182,000 after purchasing an additional 11,867 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in Entegris by 449.8% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 13,812 shares of the semiconductor company’s stock valued at $1,554,000 after acquiring an additional 11,300 shares in the last quarter.

Entegris Trading Down 3.8 %

Shares of Entegris stock opened at $97.67 on Friday. 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 has a market cap of $14.75 billion, a P/E ratio of 64.68, a P/E/G ratio of 1.71 and a beta of 1.24. Entegris, Inc. has a 12-month low of $94.92 and a 12-month high of $147.57. The business’s 50 day moving average is $107.71 and its 200-day moving average is $119.69.

Entegris (NASDAQ:ENTG) last posted its earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). The business had revenue of $807.70 million for the quarter, compared to analyst estimates of $832.44 million. Entegris had a return on equity of 12.24% and a net margin of 7.13%. The firm’s revenue was down 9.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.68 earnings per share. Equities research analysts predict that Entegris, Inc. will post 3.03 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date is Wednesday, October 30th. Entegris’s payout ratio is presently 26.49%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Mizuho cut their target price on Entegris from $143.00 to $125.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. KeyCorp cut their target price on Entegris from $164.00 to $154.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Craig Hallum cut their target price on Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Needham & Company LLC restated a “buy” rating and issued a $150.00 target price on shares of Entegris in a research note on Thursday, August 1st. Finally, Citigroup cut their target price on Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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).