Rehmann Capital Advisory Group Cuts Holdings in Entegris, Inc. (NASDAQ:ENTG)

Rehmann Capital Advisory Group lowered its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 7.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,555 shares of the semiconductor company’s stock after selling 194 shares during the period. Rehmann Capital Advisory Group’s holdings in Entegris were worth $290,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Mountaineer Partners Management LLC raised its position in Entegris by 16,255.1% during the third quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company’s stock valued at $1,242,848,000 after purchasing an additional 10,977,064 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Entegris by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,537,948 shares of the semiconductor company’s stock valued at $284,941,000 after buying an additional 49,846 shares in the last quarter. Earnest Partners LLC raised its holdings in shares of Entegris by 0.6% during the 2nd 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 in the last quarter. American Century Companies Inc. lifted its position in Entegris by 20.2% in the 2nd quarter. American Century Companies Inc. now owns 1,523,824 shares of the semiconductor company’s stock worth $206,326,000 after buying an additional 256,186 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Entegris by 0.9% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,503,656 shares of the semiconductor company’s stock worth $169,206,000 after buying an additional 12,913 shares in the last quarter.

Analysts Set New Price Targets

ENTG has been the subject of a number of research reports. KeyCorp cut their price objective on shares of Entegris from $164.00 to $154.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Citigroup cut their price target on shares of Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. UBS Group decreased their price objective on Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. BMO Capital Markets dropped their target price on Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Finally, Craig Hallum decreased their price target on Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $135.40.

Entegris Stock Performance

Shares of ENTG stock opened at $106.66 on Friday. The firm has a market capitalization of $16.11 billion, a price-to-earnings ratio of 70.64, a PEG ratio of 1.80 and a beta of 1.23. The stock has a fifty day moving average of $105.69 and a 200 day moving average of $116.29. Entegris, Inc. has a 52 week low of $94.92 and a 52 week high of $147.57. The company has a quick ratio of 1.83, a current ratio of 2.92 and a debt-to-equity ratio of 1.14.

Entegris (NASDAQ:ENTG) last posted its 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). Entegris had a return on equity of 12.24% and a net margin of 7.13%. The company had revenue of $807.70 million during the quarter, compared to analysts’ expectations of $832.44 million. During the same period in the prior year, the business posted $0.68 earnings per share. The company’s revenue for the quarter was down 9.1% on a year-over-year basis. As a group, research analysts expect that Entegris, Inc. will post 2.99 earnings per share for the current year.

Entegris Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend was Wednesday, October 30th. Entegris’s payout ratio is presently 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).