Needham Investment Management LLC Has $27.01 Million Position in Entegris, Inc. (NASDAQ:ENTG)

Needham Investment Management LLC raised its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 2.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 240,000 shares of the semiconductor company’s stock after purchasing an additional 6,500 shares during the quarter. Entegris accounts for about 2.1% of Needham Investment Management LLC’s portfolio, making the stock its 10th largest position. Needham Investment Management LLC’s holdings in Entegris were worth $27,007,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Investment Management Corp of Ontario lifted its holdings in Entegris by 47.2% during the 3rd quarter. Investment Management Corp of Ontario now owns 4,988 shares of the semiconductor company’s stock valued at $561,000 after buying an additional 1,600 shares in the last quarter. Hilltop Holdings Inc. bought a new stake in Entegris during the 3rd quarter valued at about $250,000. Holocene Advisors LP increased its position in Entegris by 39.0% during the 3rd quarter. Holocene Advisors LP now owns 103,772 shares of the semiconductor company’s stock valued at $11,677,000 after purchasing an additional 29,140 shares during the period. Cinctive Capital Management LP purchased a new position in Entegris during the 3rd quarter valued at about $695,000. Finally, Benjamin Edwards Inc. increased its position in Entegris by 33,412.5% during the 3rd quarter. Benjamin Edwards Inc. now owns 2,681 shares of the semiconductor company’s stock valued at $302,000 after purchasing an additional 2,673 shares during the period.

Analyst Ratings Changes

A number of research firms have commented on ENTG. KeyCorp cut their target price on shares of Entegris from $164.00 to $154.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. Craig Hallum cut their target price on shares of Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. UBS Group cut their target price on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Finally, Mizuho decreased their price objective on shares of Entegris from $143.00 to $125.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. One investment 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. Based on data from MarketBeat.com, Entegris has a consensus rating of “Moderate Buy” and an average price target of $135.40.

Entegris Price Performance

NASDAQ ENTG traded down $0.36 on Tuesday, hitting $108.47. The company had a trading volume of 96,412 shares, compared to its average volume of 1,704,070. The company has a market capitalization of $16.38 billion, a PE ratio of 72.07, a PEG ratio of 1.74 and a beta of 1.24. The company’s fifty day moving average price is $106.52 and its 200-day moving average price is $117.68. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.92 and a quick ratio of 1.83. Entegris, Inc. has a 12-month low of $94.92 and a 12-month high of $147.57.

Entegris (NASDAQ:ENTG) last released its 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). 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 analysts’ expectations of $832.44 million. During the same period in the previous year, the company earned $0.68 EPS. Entegris’s quarterly revenue was down 9.1% compared to the same quarter last year. As a group, analysts predict that Entegris, Inc. will post 2.99 earnings per share for the current year.

Entegris Dividend Announcement

The business also recently announced 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).