Icon Wealth Advisors LLC Boosts Holdings in Entegris, Inc. (NASDAQ:ENTG)

Icon Wealth Advisors LLC increased its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 983.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,875 shares of the semiconductor company’s stock after buying an additional 38,010 shares during the period. Icon Wealth Advisors LLC’s holdings in Entegris were worth $4,712,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new stake in Entegris in the 2nd quarter valued at about $26,000. Quarry LP acquired a new stake in Entegris in the second quarter valued at approximately $27,000. Summit Securities Group LLC acquired a new stake in Entegris in the second quarter valued at approximately $27,000. Opal Wealth Advisors LLC purchased a new position in Entegris in the second quarter worth approximately $31,000. Finally, Capital Performance Advisors LLP acquired a new position in Entegris during the 3rd quarter worth approximately $29,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Citigroup reduced 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. Craig Hallum cut their price target on Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lowered their price objective on Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. BMO Capital Markets cut their target price on Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. Finally, Mizuho lowered their price target on Entegris from $143.00 to $125.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. One equities 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $135.40.

Entegris Trading Up 5.1 %

ENTG opened at $105.04 on Friday. The company has a quick ratio of 1.83, a current ratio of 2.92 and a debt-to-equity ratio of 1.14. Entegris, Inc. has a 52 week low of $94.92 and a 52 week high of $147.57. The business’s 50 day moving average is $107.16 and its two-hundred day moving average is $118.92. The firm has a market cap of $15.86 billion, a price-to-earnings ratio of 69.56, a price-to-earnings-growth ratio of 1.62 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last announced its earnings results on Monday, November 4th. The semiconductor company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). The business had revenue of $807.70 million during the quarter, compared to analyst estimates of $832.44 million. Entegris had a net margin of 7.13% and a return on equity of 12.24%. The business’s revenue was down 9.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.68 earnings per share. On average, research analysts predict that Entegris, Inc. will post 3.03 EPS for the current year.

Entegris Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. Entegris’s dividend payout ratio (DPR) is 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).