JPMorgan Chase & Co. Sells 17,405 Shares of Entegris, Inc. (NASDAQ:ENTG)

JPMorgan Chase & Co. lessened its holdings in Entegris, Inc. (NASDAQ:ENTG) by 0.3% during the third quarter, Holdings Channel reports. The fund owned 6,534,374 shares of the semiconductor company’s stock after selling 17,405 shares during the period. JPMorgan Chase & Co.’s holdings in Entegris were worth $735,313,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Arkadios Wealth Advisors raised its position in shares of Entegris by 18.3% in the second quarter. Arkadios Wealth Advisors now owns 1,742 shares of the semiconductor company’s stock valued at $236,000 after purchasing an additional 270 shares during the period. Innealta Capital LLC acquired a new stake in Entegris during the second quarter worth approximately $26,000. Catalytic Wealth RIA LLC boosted its holdings in shares of Entegris by 9.2% during the second quarter. Catalytic Wealth RIA LLC now owns 2,426 shares of the semiconductor company’s stock worth $328,000 after acquiring an additional 205 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Entegris by 22.5% during the second quarter. Van ECK Associates Corp now owns 86,302 shares of the semiconductor company’s stock worth $11,685,000 after acquiring an additional 15,871 shares during the period. Finally, Farther Finance Advisors LLC grew its position in shares of Entegris by 764.3% in the second quarter. Farther Finance Advisors LLC now owns 3,224 shares of the semiconductor company’s stock valued at $431,000 after purchasing an additional 2,851 shares during the last quarter.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on ENTG shares. Craig Hallum dropped their price target on Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. KeyCorp dropped their target price on Entegris from $164.00 to $154.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. BMO Capital Markets dropped 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. Finally, Citigroup cut their price objective on shares of Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Entegris presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.40.

Entegris Stock Performance

Shares of Entegris stock opened at $101.77 on Friday. The company has a 50 day moving average of $104.83 and a 200-day moving average of $114.44. The company has a market cap of $15.37 billion, a PE ratio of 67.40, a price-to-earnings-growth ratio of 1.80 and a beta of 1.23. 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 1-year low of $94.92 and a 1-year high of $147.57.

Entegris (NASDAQ:ENTG) last issued 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). Entegris had a net margin of 7.13% and a return on equity of 12.24%. The business had revenue of $807.70 million during the quarter, compared to analyst estimates of $832.44 million. During the same period in the prior year, the business posted $0.68 EPS. The company’s revenue for the quarter was down 9.1% compared to the same quarter last year. As a group, equities research analysts forecast that Entegris, Inc. will post 2.99 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th were issued a $0.10 dividend. The ex-dividend date was Wednesday, October 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.39%. Entegris’s dividend payout ratio (DPR) is currently 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).