Portside Wealth Group LLC Reduces Position in Entegris, Inc. (NASDAQ:ENTG)

Portside Wealth Group LLC cut its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 6.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,534 shares of the semiconductor company’s stock after selling 391 shares during the period. Portside Wealth Group LLC’s holdings in Entegris were worth $623,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of Entegris by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 14,666,653 shares of the semiconductor company’s stock valued at $2,061,251,000 after acquiring an additional 112,638 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Entegris by 7.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,085,147 shares of the semiconductor company’s stock worth $1,838,988,000 after purchasing an additional 916,420 shares during the period. Earnest Partners LLC increased its stake in shares of Entegris by 0.6% in the second quarter. Earnest Partners LLC now owns 1,858,757 shares of the semiconductor company’s stock worth $251,676,000 after purchasing an additional 11,692 shares in the last quarter. American Century Companies Inc. raised its position in shares of Entegris by 20.2% during the 2nd quarter. American Century Companies Inc. now owns 1,523,824 shares of the semiconductor company’s stock valued at $206,326,000 after purchasing an additional 256,186 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in shares of Entegris by 130.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company’s stock valued at $155,287,000 after buying an additional 781,955 shares in the last quarter.

Entegris Price Performance

ENTG opened at $105.03 on Friday. 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 has a market capitalization of $15.86 billion, a PE ratio of 69.56, a price-to-earnings-growth ratio of 1.36 and a beta of 1.24. The business’s 50-day moving average is $108.42 and its two-hundred day moving average is $120.63. Entegris, Inc. has a 1 year low of $90.24 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). The business had revenue of $807.70 million for the quarter, compared to analyst estimates of $832.44 million. Entegris had a net margin of 7.13% and a return on equity of 12.37%. The company’s quarterly revenue was down 9.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.68 earnings per share. Research analysts anticipate that Entegris, Inc. will post 3.13 earnings per share for the current fiscal year.

Entegris Dividend Announcement

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 paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, October 30th. This represents a $0.40 annualized dividend and a yield of 0.38%. Entegris’s payout ratio is presently 26.49%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ENTG shares. BMO Capital Markets cut their target price on Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a research report on Tuesday. Citigroup decreased their target price on shares of Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a research report on Tuesday. Craig Hallum reduced their price target on Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday. 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 report on Tuesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Entegris has an average rating of “Moderate Buy” and an average price target of $135.40.

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).