Everence Capital Management Inc. Purchases Shares of 4,030 Entegris, Inc. (NASDAQ:ENTG)

Everence Capital Management Inc. bought a new stake in Entegris, Inc. (NASDAQ:ENTG) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 4,030 shares of the semiconductor company’s stock, valued at approximately $399,000.

A number of other large investors also recently added to or reduced their stakes in the company. Quarry LP purchased a new stake in Entegris during the second quarter worth about $27,000. Capital Performance Advisors LLP purchased a new stake in Entegris during the 3rd quarter worth approximately $29,000. Blue Trust Inc. lifted its holdings in Entegris by 221.3% during the 3rd quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company’s stock worth $39,000 after buying an additional 239 shares in the last quarter. Covestor Ltd boosted its position in Entegris by 241.8% in the 3rd quarter. Covestor Ltd now owns 417 shares of the semiconductor company’s stock valued at $47,000 after buying an additional 295 shares during the period. Finally, Huntington National Bank grew its stake in shares of Entegris by 41.0% in the third quarter. Huntington National Bank now owns 454 shares of the semiconductor company’s stock worth $51,000 after acquiring an additional 132 shares in the last quarter.

Entegris Stock Performance

NASDAQ ENTG opened at $100.60 on Monday. The company has a fifty day moving average of $104.35 and a two-hundred day moving average of $112.84. The company has a market capitalization of $15.19 billion, a PE ratio of 66.62, a P/E/G ratio of 1.80 and a beta of 1.24. Entegris, Inc. has a 1 year low of $94.92 and a 1 year high of $147.57. 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 released its quarterly 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 firm had revenue of $807.70 million for the quarter, compared to analysts’ expectations of $832.44 million. During the same quarter in the prior year, the business earned $0.68 EPS. The company’s quarterly revenue was down 9.1% compared to the same quarter last year. As a group, analysts expect that Entegris, Inc. will post 2.99 earnings per share for the current year.

Entegris Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, October 30th were paid 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 was Wednesday, October 30th. Entegris’s dividend payout ratio is currently 26.49%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ENTG shares. BMO Capital Markets decreased their target price on Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Craig Hallum lowered their price objective on Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Citigroup reduced their target price on shares of Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. UBS Group lowered their price target on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Finally, KeyCorp reduced their price objective on shares of Entegris from $164.00 to $154.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, Entegris has an average rating of “Moderate Buy” and an average price target of $135.40.

Entegris 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).