Blueshift Asset Management LLC Makes New $468,000 Investment in Entegris, Inc. (NASDAQ:ENTG)

Blueshift Asset Management LLC acquired a new stake in Entegris, Inc. (NASDAQ:ENTG) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,155 shares of the semiconductor company’s stock, valued at approximately $468,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Earnest Partners LLC increased its holdings in Entegris by 0.6% in the second quarter. Earnest Partners LLC now owns 1,858,757 shares of the semiconductor company’s stock valued at $251,676,000 after buying an additional 11,692 shares during the last quarter. American Century Companies Inc. boosted 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 worth $206,326,000 after acquiring an additional 256,186 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Entegris by 0.9% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,503,656 shares of the semiconductor company’s stock valued at $169,206,000 after acquiring an additional 12,913 shares during the last quarter. Principal Financial Group Inc. raised its position 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 worth $155,287,000 after acquiring an additional 781,955 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in Entegris by 7.7% during the second quarter. Envestnet Asset Management Inc. now owns 1,083,217 shares of the semiconductor company’s stock worth $146,668,000 after purchasing an additional 77,083 shares during the last quarter.

Entegris Stock Down 0.5 %

Shares of Entegris stock opened at $104.96 on Thursday. The company has a market cap of $15.85 billion, a P/E ratio of 69.51, a PEG ratio of 1.78 and a beta of 1.24. The firm has a fifty day moving average of $106.93 and a two-hundred day moving average of $118.22. 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 one year low of $94.92 and a one year high of $147.57.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). Entegris had a net margin of 7.13% and a return on equity of 12.24%. The firm had revenue of $807.70 million during the quarter, compared to analyst estimates of $832.44 million. During the same quarter in the previous year, the business earned $0.68 EPS. Entegris’s revenue for the quarter was down 9.1% on a year-over-year basis. On average, analysts forecast 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 dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. Entegris’s payout ratio is currently 26.49%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ENTG shares. KeyCorp dropped their price target on shares of Entegris from $164.00 to $154.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Craig Hallum cut their price target on shares of Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Needham & Company LLC restated a “buy” rating and issued a $150.00 price objective on shares of Entegris in a research note on Thursday, August 1st. UBS Group cut their target price on Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Finally, Citigroup decreased their target price on Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. 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 company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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).