Entegris, Inc. (NASDAQ:ENTG) Shares Sold by Concentric Capital Strategies LP

Concentric Capital Strategies LP lessened its position in Entegris, Inc. (NASDAQ:ENTG) by 45.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,324 shares of the semiconductor company’s stock after selling 18,405 shares during the period. Concentric Capital Strategies LP’s holdings in Entegris were worth $2,512,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Innealta Capital LLC purchased a new position in Entegris during the second quarter worth about $26,000. Summit Securities Group LLC purchased a new position in shares of Entegris during the 2nd quarter worth about $27,000. Quarry LP acquired a new stake in shares of Entegris in the second quarter worth approximately $27,000. Capital Performance Advisors LLP acquired a new position in Entegris during the third quarter worth approximately $29,000. Finally, Opal Wealth Advisors LLC purchased a new position in Entegris during the second quarter worth approximately $31,000.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. UBS Group lowered their price objective on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Citigroup lowered their price target on Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Craig Hallum cut their price objective on Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Mizuho decreased their target price on Entegris from $143.00 to $125.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Finally, KeyCorp dropped their target price 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. One 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’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $135.40.

Entegris Stock Performance

Shares of NASDAQ:ENTG opened at $108.83 on Tuesday. The business’s 50-day simple moving average is $106.52 and its 200 day simple moving average is $117.68. The company has a market cap of $16.43 billion, a P/E ratio of 72.07, a PEG ratio of 1.74 and a beta of 1.24. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.83 and a current ratio of 2.92. Entegris, Inc. has a one year low of $94.92 and a one year high of $147.57.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). The firm had revenue of $807.70 million for the quarter, compared to analysts’ expectations of $832.44 million. Entegris had a net margin of 7.13% and a return on equity of 12.24%. The company’s revenue for the quarter was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.68 EPS. On average, sell-side analysts forecast that Entegris, Inc. will post 2.99 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th were given a $0.10 dividend. The ex-dividend date was Wednesday, October 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. Entegris’s payout ratio is currently 26.49%.

Entegris Profile

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).