Venturi Wealth Management LLC Trims Stake in Entegris, Inc. (NASDAQ:ENTG)

Venturi Wealth Management LLC lessened its holdings in Entegris, Inc. (NASDAQ:ENTG) by 31.7% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 328 shares of the semiconductor company’s stock after selling 152 shares during the period. Venturi Wealth Management LLC’s holdings in Entegris were worth $37,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ENTG. Vanguard Group Inc. increased its stake in Entegris by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 14,666,653 shares of the semiconductor company’s stock worth $2,061,251,000 after acquiring an additional 112,638 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Entegris by 7.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,085,147 shares of the semiconductor company’s stock worth $1,838,988,000 after purchasing an additional 916,420 shares in the last quarter. Earnest Partners LLC grew its holdings in shares of Entegris by 0.6% during the second quarter. Earnest Partners LLC now owns 1,858,757 shares of the semiconductor company’s stock worth $251,676,000 after purchasing an additional 11,692 shares in the last quarter. American Century Companies Inc. increased its position in shares of Entegris by 20.2% in the second quarter. American Century Companies Inc. now owns 1,523,824 shares of the semiconductor company’s stock worth $206,326,000 after purchasing an additional 256,186 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in Entegris by 130.8% in the third quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company’s stock valued at $155,287,000 after purchasing an additional 781,955 shares in the last quarter.

Entegris Stock Down 3.8 %

ENTG opened at $97.67 on Friday. The company has a market cap of $14.75 billion, a P/E ratio of 64.68, a P/E/G ratio of 1.71 and a beta of 1.24. Entegris, Inc. has a 12 month low of $94.92 and a 12 month high of $147.57. The business’s 50-day moving average price is $107.71 and its 200-day moving average price is $119.69. 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 (NASDAQ:ENTG) last announced its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.01). The company had revenue of $807.70 million during the quarter, compared to the consensus estimate of $832.44 million. Entegris had a net margin of 7.13% and a return on equity of 12.24%. The business’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.68 EPS. On average, equities analysts expect that Entegris, Inc. will post 3.03 EPS for the current year.

Entegris Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date is Wednesday, October 30th. Entegris’s payout ratio is 26.49%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ENTG. KeyCorp cut their price target 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. Craig Hallum cut 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. Mizuho lowered their price target on Entegris from $143.00 to $125.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. BMO Capital Markets dropped their price target on Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. Finally, Citigroup reduced their price objective on Entegris from $130.00 to $123.00 and set a “buy” rating on the stock 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 issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $135.40.

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).