Eventide Asset Management LLC Purchases 181,113 Shares of Entegris, Inc. (NASDAQ:ENTG)

Eventide Asset Management LLC lifted its position in Entegris, Inc. (NASDAQ:ENTG) by 42.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 607,955 shares of the semiconductor company’s stock after acquiring an additional 181,113 shares during the quarter. Entegris makes up approximately 1.2% of Eventide Asset Management LLC’s portfolio, making the stock its 27th largest position. Eventide Asset Management LLC owned about 0.40% of Entegris worth $68,413,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. D1 Capital Partners L.P. bought a new position in Entegris during the third quarter valued at about $72,143,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Entegris by 2.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 607,975 shares of the semiconductor company’s stock valued at $68,415,000 after buying an additional 14,184 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Entegris by 18.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,984 shares of the semiconductor company’s stock valued at $3,824,000 after buying an additional 5,249 shares during the period. RGM Capital LLC lifted its holdings in Entegris by 76.4% during the third quarter. RGM Capital LLC now owns 1,050,037 shares of the semiconductor company’s stock valued at $118,161,000 after purchasing an additional 454,853 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Entegris during the third quarter valued at about $50,638,000.

Wall Street Analyst Weigh In

Several research firms have commented on ENTG. BMO Capital Markets dropped their price objective on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $150.00 price objective on shares of Entegris in a report on Thursday, August 1st. Citigroup dropped their price objective on shares of Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. UBS Group dropped their price objective on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Finally, Mizuho dropped their price objective on shares of Entegris from $143.00 to $125.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $135.40.

Entegris Stock Performance

Entegris stock opened at $104.96 on Friday. The firm’s fifty day moving average price is $106.83 and its 200-day moving average price is $118.13. Entegris, Inc. has a fifty-two week low of $94.92 and a fifty-two week high of $147.57. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.83 and a current ratio of 2.92. The stock has a market cap of $15.85 billion, a P/E ratio of 69.51, a price-to-earnings-growth ratio of 1.73 and a beta of 1.24.

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

Entegris Announces Dividend

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

Entegris Company 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).