Cerity Partners LLC Grows Position in Entegris, Inc. (NASDAQ:ENTG)

Cerity Partners LLC lifted its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 27.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,861 shares of the semiconductor company’s stock after purchasing an additional 10,038 shares during the quarter. Cerity Partners LLC’s holdings in Entegris were worth $5,273,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in ENTG. Innealta Capital LLC purchased a new position in shares of Entegris during the second quarter valued at approximately $26,000. Summit Securities Group LLC purchased a new position in Entegris during the second quarter valued at $27,000. Quarry LP purchased a new stake in shares of Entegris in the second quarter worth $27,000. Capital Performance Advisors LLP bought a new position in shares of Entegris during the third quarter valued at $29,000. Finally, Opal Wealth Advisors LLC purchased a new position in shares of Entegris in the 2nd quarter worth about $31,000.

Wall Street Analyst Weigh In

ENTG has been the subject of a number of analyst reports. BMO Capital Markets reduced their price objective on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. Needham & Company LLC restated a “buy” rating and issued a $150.00 price objective on shares of Entegris in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft cut their target price on Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Citigroup decreased their price target on Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Finally, KeyCorp reduced their price objective on Entegris from $164.00 to $154.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $135.40.

Entegris Stock Down 0.5 %

ENTG opened at $104.96 on Friday. Entegris, Inc. has a 1-year low of $94.92 and a 1-year high of $147.57. The firm’s 50 day simple moving average is $106.83 and its two-hundred day simple moving average is $118.13. The company has a current ratio of 2.92, a quick ratio of 1.83 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $15.85 billion, a PE ratio of 69.51, a PEG ratio of 1.78 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last released its earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.01). Entegris had a return on equity of 12.24% and a net margin of 7.13%. The firm had revenue of $807.70 million during the quarter, compared to analysts’ expectations of $832.44 million. During the same period in the prior year, the company posted $0.68 earnings per share. The company’s revenue was down 9.1% compared to the same quarter last year. As a group, equities analysts forecast that Entegris, Inc. will post 2.99 EPS for the current year.

Entegris Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.38%. Entegris’s payout ratio is presently 26.49%.

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).