Entegris, Inc. (NASDAQ:ENTG) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC trimmed its holdings in Entegris, Inc. (NASDAQ:ENTG) by 3.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 255,744 shares of the semiconductor company’s stock after selling 8,762 shares during the quarter. Natixis Advisors LLC’s holdings in Entegris were worth $28,779,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co lifted its stake in Entegris by 161.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 107,677 shares of the semiconductor company’s stock valued at $15,135,000 after buying an additional 66,437 shares during the last quarter. Diversified Trust Co purchased a new stake in Entegris in the second quarter valued at approximately $851,000. Cetera Investment Advisers lifted its stake in Entegris by 128.0% in the first quarter. Cetera Investment Advisers now owns 20,387 shares of the semiconductor company’s stock valued at $2,865,000 after buying an additional 11,444 shares during the last quarter. Swedbank AB lifted its stake in Entegris by 520.3% in the second quarter. Swedbank AB now owns 300,361 shares of the semiconductor company’s stock valued at $40,669,000 after buying an additional 251,938 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in Entegris by 124.6% in the second quarter. SG Americas Securities LLC now owns 14,563 shares of the semiconductor company’s stock valued at $1,972,000 after buying an additional 8,079 shares during the last quarter.

Entegris Trading Up 1.9 %

Shares of ENTG stock opened at $99.55 on Tuesday. The business’s fifty day moving average price is $107.60 and its 200 day moving average price is $119.38. Entegris, Inc. has a 1-year low of $94.92 and a 1-year high of $147.57. The firm has a market capitalization of $15.03 billion, a PE ratio of 65.93, a P/E/G ratio of 1.59 and a beta of 1.24. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.92 and a quick ratio of 1.83.

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 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 for the quarter, compared to analyst estimates of $832.44 million. During the same period in the prior year, the company earned $0.68 EPS. The company’s revenue was down 9.1% on a year-over-year basis. As a group, sell-side analysts forecast that Entegris, Inc. will post 3.03 EPS for the current fiscal year.

Entegris Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, October 30th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend is Wednesday, October 30th. Entegris’s dividend payout ratio is presently 26.49%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Needham & Company LLC reiterated a “buy” rating and issued a $150.00 price objective on shares of Entegris in a research note on Thursday, August 1st. Mizuho cut their price target on Entegris from $143.00 to $125.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. UBS Group cut their price target on Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Craig Hallum cut their price target on Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Entegris has an average rating of “Moderate Buy” and an average 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).