Pathstone Holdings LLC Boosts Stake in Entegris, Inc. (NASDAQ:ENTG)

Pathstone Holdings LLC increased its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 3.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 16,635 shares of the semiconductor company’s stock after purchasing an additional 631 shares during the period. Pathstone Holdings LLC’s holdings in Entegris were worth $1,872,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Innealta Capital LLC acquired a new position in shares of Entegris during the second quarter valued at about $26,000. Quarry LP purchased a new stake in Entegris during the 2nd quarter worth approximately $27,000. Summit Securities Group LLC acquired a new position in Entegris during the 2nd quarter valued at approximately $27,000. Opal Wealth Advisors LLC purchased a new position in shares of Entegris in the second quarter worth $31,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Entegris during the third quarter worth $29,000.

Entegris Trading Down 2.3 %

Shares of Entegris stock opened at $105.52 on Wednesday. The firm has a 50-day simple moving average of $107.05 and a two-hundred day simple moving average of $118.41. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.83 and a current ratio of 2.92. Entegris, Inc. has a fifty-two week low of $94.92 and a fifty-two week high of $147.57. The company has a market cap of $15.93 billion, a P/E ratio of 69.88, a price-to-earnings-growth ratio of 1.77 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share 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 business had revenue of $807.70 million during the quarter, compared to analyst estimates of $832.44 million. During the same period in the previous year, the company posted $0.68 EPS. The business’s revenue for the quarter was down 9.1% compared to the same quarter last year. As a group, equities analysts predict that Entegris, Inc. will post 2.99 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, October 30th were paid a $0.10 dividend. The ex-dividend date was Wednesday, October 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.38%. Entegris’s dividend payout ratio is currently 26.49%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. UBS Group cut their target price on Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Needham & Company LLC restated a “buy” rating and set a $150.00 price objective on shares of Entegris in a research note on Thursday, August 1st. BMO Capital Markets cut their price objective on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. Citigroup decreased their target price 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. Finally, KeyCorp cut their price target 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 research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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).