Janney Montgomery Scott LLC Purchases Shares of 10,291 Entegris, Inc. (NASDAQ:ENTG)

Janney Montgomery Scott LLC purchased a new stake in shares of Entegris, Inc. (NASDAQ:ENTG) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 10,291 shares of the semiconductor company’s stock, valued at approximately $1,158,000.

Several other hedge funds and other institutional investors have also modified their holdings of ENTG. Innealta Capital LLC bought a new position in Entegris in the second quarter worth $26,000. Summit Securities Group LLC bought a new position in Entegris in the second quarter worth $27,000. Quarry LP bought a new position in Entegris in the second quarter worth $27,000. Opal Wealth Advisors LLC bought a new position in Entegris in the second quarter worth $31,000. Finally, Blue Trust Inc. lifted its holdings in shares of Entegris by 221.3% during the third quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 239 shares during the period.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ENTG. Deutsche Bank Aktiengesellschaft cut their price objective on Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Citigroup cut their price objective on Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Craig Hallum cut their price objective on Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. UBS Group cut their price objective on Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Finally, BMO Capital Markets cut their price objective on Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $135.40.

Entegris Price Performance

Shares of ENTG stock opened at $97.67 on Friday. The stock has a 50-day moving average price of $107.71 and a 200 day moving average price of $119.69. The company has a quick ratio of 1.83, a current ratio of 2.92 and a debt-to-equity ratio of 1.14. The firm has a market cap of $14.75 billion, a price-to-earnings ratio of 64.68, a PEG 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.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). The firm had revenue of $807.70 million during the quarter, compared to analyst estimates of $832.44 million. Entegris had a return on equity of 12.24% and a net margin of 7.13%. Entegris’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 business earned $0.68 earnings per share. Research analysts expect that Entegris, Inc. will post 3.03 EPS for the current year.

Entegris Announces Dividend

The business 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 dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.41%. Entegris’s payout ratio is currently 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).