UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $68.42 Million Stock Holdings in Entegris, Inc. (NASDAQ:ENTG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Entegris, Inc. (NASDAQ:ENTG) by 2.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 607,975 shares of the semiconductor company’s stock after purchasing an additional 14,184 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.40% of Entegris worth $68,415,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Innealta Capital LLC acquired a new position in Entegris during the second quarter worth $26,000. Summit Securities Group LLC bought a new position in shares of Entegris in the 2nd quarter valued at about $27,000. Quarry LP acquired a new position in shares of Entegris during the 2nd quarter worth about $27,000. Capital Performance Advisors LLP bought a new stake in shares of Entegris in the 3rd quarter valued at about $29,000. Finally, Opal Wealth Advisors LLC acquired a new stake in Entegris in the 2nd quarter valued at about $31,000.

Analysts Set New Price Targets

ENTG has been the topic of a number of recent analyst reports. 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. KeyCorp decreased their target price on Entegris from $164.00 to $154.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Craig Hallum cut their price target on Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, Citigroup cut their target price on shares of Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $135.40.

Entegris Stock Up 3.0 %

Shares of ENTG opened at $108.83 on Tuesday. 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, Inc. has a 12 month low of $94.92 and a 12 month high of $147.57. The firm’s 50 day moving average is $106.52 and its 200-day moving average is $117.68. The stock has a market capitalization of $16.43 billion, a PE ratio of 72.07, a P/E/G ratio of 1.74 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last posted 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). The company had revenue of $807.70 million for the quarter, compared to the consensus estimate 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 quarter last year, the business earned $0.68 EPS. Equities research analysts forecast that Entegris, Inc. will post 2.99 EPS for the current year.

Entegris Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors 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 yield of 0.37%. Entegris’s dividend payout ratio is 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).