Diversify Wealth Management LLC Boosts Stake in Entegris, Inc. (NASDAQ:ENTG)

Diversify Wealth Management LLC increased its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 32.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,516 shares of the semiconductor company’s stock after buying an additional 1,586 shares during the quarter. Diversify Wealth Management LLC’s holdings in Entegris were worth $645,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in ENTG. Quarry LP acquired a new position in shares of Entegris in the second quarter valued at about $27,000. Capital Performance Advisors LLP purchased a new stake in Entegris in the third quarter valued at approximately $29,000. Blue Trust Inc. increased its holdings in Entegris by 221.3% in the 3rd quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company’s stock worth $39,000 after buying an additional 239 shares during the period. Fortitude Family Office LLC lifted its stake in Entegris by 195.7% during the 4th quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 274 shares during the period. Finally, Covestor Ltd boosted its holdings in shares of Entegris by 241.8% in the 3rd quarter. Covestor Ltd now owns 417 shares of the semiconductor company’s stock valued at $47,000 after acquiring an additional 295 shares during the last quarter.

Entegris Price Performance

Entegris stock opened at $106.73 on Wednesday. The stock has a market capitalization of $16.12 billion, a P/E ratio of 70.68, a P/E/G ratio of 1.43 and a beta of 1.24. The company’s fifty day moving average price is $103.54 and its 200 day moving average price is $110.02. 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 1 year low of $94.92 and a 1 year high of $147.57.

Entegris (NASDAQ:ENTG) last announced its earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.01). Entegris had a net margin of 7.13% and a return on equity of 12.24%. The company had revenue of $807.70 million during the quarter, compared to analyst estimates of $832.44 million. During the same quarter last year, the business earned $0.68 EPS. The firm’s revenue for the quarter was down 9.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Entegris, Inc. will post 2.95 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.37%. Entegris’s payout ratio is currently 26.49%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. KeyCorp decreased their target price on shares of Entegris from $154.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. UBS Group decreased their price objective on Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft dropped their target price on Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Citigroup reduced 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. Finally, BMO Capital Markets lowered their price objective on Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Entegris presently has an average rating of “Moderate Buy” and a consensus price target of $134.50.

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).