Entegris, Inc. (NASDAQ:ENTG) Stock Position Lowered by Inspire Investing LLC

Inspire Investing LLC lowered its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 3.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,229 shares of the semiconductor company’s stock after selling 546 shares during the quarter. Inspire Investing LLC’s holdings in Entegris were worth $1,608,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mountaineer Partners Management LLC raised its holdings in shares of Entegris by 16,255.1% in the 3rd quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company’s stock worth $1,242,848,000 after purchasing an additional 10,977,064 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Entegris by 1,076.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 923,332 shares of the semiconductor company’s stock worth $103,903,000 after acquiring an additional 844,837 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Entegris by 130.8% in the third quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company’s stock worth $155,287,000 after buying an additional 781,955 shares during the last quarter. Swedbank AB boosted its stake in Entegris by 249.7% during the 3rd quarter. Swedbank AB now owns 1,050,361 shares of the semiconductor company’s stock valued at $118,197,000 after purchasing an additional 750,000 shares during the period. Finally, D1 Capital Partners L.P. acquired a new stake in shares of Entegris in the third quarter worth $72,143,000.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Mizuho lowered their price target on Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. BMO Capital Markets lowered their price target on Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. UBS Group reduced their target price on Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Citigroup dropped their price target on Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Entegris currently has a consensus rating of “Moderate Buy” and an average target price of $134.50.

Entegris Stock Up 0.4 %

Shares of NASDAQ ENTG opened at $107.19 on Thursday. Entegris, Inc. has a 1 year low of $94.92 and a 1 year high of $147.57. The firm’s 50-day moving average is $103.58 and its 200-day moving average is $110.00. The company has a current ratio of 2.92, a quick ratio of 1.83 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $16.19 billion, a PE ratio of 70.99, a price-to-earnings-growth ratio of 1.43 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last released 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 for the quarter, compared to analyst estimates of $832.44 million. Entegris had a return on equity of 12.24% and a net margin of 7.13%. Entegris’s revenue was down 9.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.68 EPS. Equities analysts expect that Entegris, Inc. will post 2.95 EPS for the current year.

Entegris Announces Dividend

The business 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. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date of this dividend is Wednesday, January 29th. Entegris’s dividend payout ratio (DPR) 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).