Entegris, Inc. (NASDAQ:ENTG) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC increased its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 10.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,778 shares of the semiconductor company’s stock after buying an additional 166 shares during the period. GAMMA Investing LLC’s holdings in Entegris were worth $176,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Quarry LP acquired a new stake in shares of Entegris in the second quarter valued at $27,000. Capital Performance Advisors LLP purchased a new stake in Entegris during the 3rd quarter worth about $29,000. Blue Trust Inc. raised its position in Entegris by 221.3% in the 3rd quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 239 shares in the last quarter. Covestor Ltd boosted its stake in shares of Entegris by 241.8% in the 3rd quarter. Covestor Ltd now owns 417 shares of the semiconductor company’s stock valued at $47,000 after buying an additional 295 shares during the period. Finally, Huntington National Bank grew its position in shares of Entegris by 41.0% during the third quarter. Huntington National Bank now owns 454 shares of the semiconductor company’s stock worth $51,000 after buying an additional 132 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Craig Hallum reduced their target price on shares of Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. KeyCorp decreased their price objective on shares of Entegris from $164.00 to $154.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft dropped their target price on Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. BMO Capital Markets decreased their price target on Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Finally, Mizuho dropped their price objective on Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a report on Tuesday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $134.90.

Entegris Price Performance

ENTG stock opened at $99.76 on Thursday. 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 $15.06 billion, a P/E ratio of 66.07, a PEG ratio of 1.80 and a beta of 1.24. The business has a 50 day simple moving average of $103.98 and a 200-day simple moving average of $112.30. Entegris, Inc. has a twelve month low of $94.92 and a twelve month high of $147.57.

Entegris (NASDAQ:ENTG) last issued its quarterly 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 return on equity of 12.24% and a net margin of 7.13%. The business had revenue of $807.70 million for the quarter, compared to analyst estimates of $832.44 million. During the same quarter in the prior year, the company earned $0.68 EPS. The firm’s revenue for the quarter was down 9.1% on a year-over-year basis. As a group, equities analysts anticipate that Entegris, Inc. will post 2.99 EPS for the current year.

Entegris Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.40%. The ex-dividend date was Wednesday, October 30th. Entegris’s dividend 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).