Crestwood Advisors Group LLC Raises Stock Position in Entegris, Inc. (NASDAQ:ENTG)

Crestwood Advisors Group LLC boosted its stake in Entegris, Inc. (NASDAQ:ENTG) by 1.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,090 shares of the semiconductor company’s stock after purchasing an additional 315 shares during the period. Crestwood Advisors Group LLC’s holdings in Entegris were worth $3,611,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Innealta Capital LLC purchased a new position in shares of Entegris in the second quarter worth approximately $26,000. Summit Securities Group LLC purchased a new position in shares of Entegris during the 2nd quarter worth $27,000. Quarry LP bought a new stake in shares of Entegris during the 2nd quarter valued at $27,000. Opal Wealth Advisors LLC purchased a new stake in shares of Entegris in the 2nd quarter worth $31,000. Finally, ORG Partners LLC bought a new position in Entegris in the 1st quarter worth $33,000.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Citigroup raised Entegris from a “neutral” rating to a “buy” rating and boosted their price target for the company from $119.00 to $130.00 in a report on Monday, September 16th. KeyCorp cut their price objective on Entegris from $164.00 to $154.00 and set an “overweight” rating for the company in a research note on Tuesday. Craig Hallum decreased their target price on shares of Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday. BMO Capital Markets dropped their price target on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, Needham & Company LLC reissued a “buy” rating and issued a $150.00 price objective on shares of Entegris in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.10.

Entegris Trading Up 2.1 %

Entegris stock opened at $103.12 on Wednesday. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.58 and a quick ratio of 2.14. The firm’s 50 day moving average price is $109.13 and its 200-day moving average price is $121.10. Entegris, Inc. has a 1 year low of $89.09 and a 1 year high of $147.57. The stock has a market cap of $15.57 billion, a P/E ratio of 68.29, a PEG ratio of 1.45 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results 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 company had revenue of $807.70 million during the quarter, compared to the consensus estimate of $832.44 million. Entegris had a net margin of 5.61% and a return on equity of 12.03%. The business’s revenue was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.68 earnings per share. On average, equities analysts predict that Entegris, Inc. will post 3.13 earnings per share for the current fiscal year.

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.39%. The ex-dividend date is Wednesday, October 30th. Entegris’s dividend 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).