Verdence Capital Advisors LLC Makes New $256,000 Investment in Entegris, Inc. (NASDAQ:ENTG)

Verdence Capital Advisors LLC purchased a new position in shares of Entegris, Inc. (NASDAQ:ENTG) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,273 shares of the semiconductor company’s stock, valued at approximately $256,000.

Several other institutional investors have also modified their holdings of ENTG. Innealta Capital LLC acquired a new stake in shares of Entegris during the second quarter worth $26,000. Summit Securities Group LLC acquired a new stake in shares of Entegris in the 2nd quarter valued at about $27,000. Quarry LP bought a new stake in shares of Entegris in the second quarter valued at about $27,000. Capital Performance Advisors LLP acquired a new position in shares of Entegris during the third quarter worth about $29,000. Finally, Opal Wealth Advisors LLC bought a new position in shares of Entegris during the second quarter worth about $31,000.

Analyst Upgrades and Downgrades

Several research firms have commented on ENTG. Needham & Company LLC restated a “buy” rating and issued a $150.00 target price on shares of Entegris in a research note on Thursday, August 1st. Mizuho reduced their target price on shares of Entegris from $143.00 to $125.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Craig Hallum decreased their target price on shares of Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Citigroup cut their price target on shares of Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Finally, KeyCorp lowered their target price on Entegris from $164.00 to $154.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. 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 company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.40.

Entegris Trading Up 1.9 %

Shares of NASDAQ:ENTG opened at $106.33 on Wednesday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.14 and a current ratio of 2.92. Entegris, Inc. has a 52-week low of $93.11 and a 52-week high of $147.57. The company has a 50-day simple moving average of $108.15 and a 200 day simple moving average of $120.19. The company has a market capitalization of $16.06 billion, a P/E ratio of 70.42, a price-to-earnings-growth ratio of 1.71 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last posted its earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $832.44 million. During the same quarter in the prior year, the business posted $0.68 EPS. The business’s quarterly revenue was down 9.1% compared to the same quarter last year. Sell-side analysts forecast that Entegris, Inc. will post 3.03 earnings per share for the current year.

Entegris Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. The ex-dividend date is Wednesday, October 30th. Entegris’s payout ratio is 26.49%.

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).