B. Riley Wealth Advisors Inc. Lowers Stake in Entegris, Inc. (NASDAQ:ENTG)

B. Riley Wealth Advisors Inc. decreased its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 29.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 2,390 shares of the semiconductor company’s stock after selling 980 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Entegris were worth $268,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of ENTG. Bridges Investment Management Inc. lifted its stake in shares of Entegris by 3.6% during the 3rd quarter. Bridges Investment Management Inc. now owns 2,829 shares of the semiconductor company’s stock worth $318,000 after purchasing an additional 98 shares during the period. Arizona State Retirement System boosted its stake in Entegris by 0.3% in the 2nd quarter. Arizona State Retirement System now owns 41,406 shares of the semiconductor company’s stock worth $5,606,000 after buying an additional 105 shares during the last quarter. GAMMA Investing LLC grew its holdings in Entegris by 7.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,612 shares of the semiconductor company’s stock valued at $181,000 after buying an additional 113 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of Entegris by 6.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,120 shares of the semiconductor company’s stock valued at $287,000 after acquiring an additional 121 shares during the last quarter. Finally, Angeles Investment Advisors LLC lifted its holdings in shares of Entegris by 4.1% during the 3rd quarter. Angeles Investment Advisors LLC now owns 3,230 shares of the semiconductor company’s stock worth $363,000 after acquiring an additional 127 shares during the period.

Entegris Stock Up 1.6 %

Shares of NASDAQ:ENTG opened at $99.46 on Friday. The company has a market capitalization of $15.02 billion, a price-to-earnings ratio of 65.87, a price-to-earnings-growth ratio of 1.80 and a beta of 1.23. The company has a 50 day moving average of $105.06 and a two-hundred day moving average of $115.41. 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 released its quarterly 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 firm had revenue of $807.70 million for the quarter, compared to analysts’ expectations of $832.44 million. Entegris had a return on equity of 12.24% and a net margin of 7.13%. The business’s quarterly revenue was down 9.1% on a year-over-year basis. During the same period last year, the firm earned $0.68 EPS. As a group, analysts forecast that Entegris, Inc. will post 2.99 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, October 30th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date was Wednesday, October 30th. Entegris’s dividend payout ratio is currently 26.49%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ENTG. Citigroup dropped 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. Craig Hallum cut their target price on Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. UBS Group lowered their price target on Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft cut their price objective on Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, Mizuho decreased their target price on Entegris from $143.00 to $125.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. One equities 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $135.40.

Entegris Company 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).