Oppenheimer Asset Management Inc. Cuts Position in Entegris, Inc. (NASDAQ:ENTG)

Oppenheimer Asset Management Inc. lowered its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 19.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 73,442 shares of the semiconductor company’s stock after selling 17,992 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Entegris were worth $8,264,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its holdings in Entegris by 10.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 8,798 shares of the semiconductor company’s stock valued at $1,236,000 after purchasing an additional 867 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Entegris by 272.2% in the first quarter. SG Americas Securities LLC now owns 6,484 shares of the semiconductor company’s stock valued at $911,000 after buying an additional 4,742 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Entegris by 52.1% during the 1st quarter. Russell Investments Group Ltd. now owns 104,921 shares of the semiconductor company’s stock valued at $14,754,000 after buying an additional 35,925 shares during the period. ProShare Advisors LLC lifted its position in Entegris by 40.4% during the 1st quarter. ProShare Advisors LLC now owns 19,886 shares of the semiconductor company’s stock worth $2,795,000 after acquiring an additional 5,722 shares in the last quarter. Finally, Foundry Partners LLC purchased a new position in Entegris in the 1st quarter worth approximately $225,000.

Wall Street Analysts Forecast Growth

ENTG has been the topic of a number of analyst reports. Citigroup dropped their price objective on shares of Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. UBS Group cut their price objective on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. KeyCorp lowered their target price on Entegris from $164.00 to $154.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Mizuho cut their price target on Entegris from $143.00 to $125.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. Finally, 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 note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Entegris currently has an average rating of “Moderate Buy” and a consensus target price of $135.40.

Entegris Stock Performance

ENTG stock opened at $105.12 on Thursday. The stock’s 50 day simple moving average is $108.07 and its 200 day simple moving average is $120.08. Entegris, Inc. has a 12-month low of $94.92 and a 12-month high of $147.57. The firm has a market cap of $15.87 billion, a P/E ratio of 69.62, a P/E/G ratio of 1.73 and a beta of 1.24. The company has a current ratio of 2.92, a quick ratio of 1.83 and a debt-to-equity ratio of 1.14.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.77 EPS for the quarter, missing the consensus estimate 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 company’s quarterly revenue was down 9.1% on a year-over-year basis. During the same period last year, the firm posted $0.68 earnings per share. As a group, equities research analysts predict that Entegris, Inc. will post 3.03 EPS for the current year.

Entegris Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date is Wednesday, October 30th. Entegris’s payout ratio 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).