GAMMA Investing LLC Increases Stake in Entegris, Inc. (NASDAQ:ENTG)

GAMMA Investing LLC boosted its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 10.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,778 shares of the semiconductor company’s stock after purchasing an additional 166 shares during the period. GAMMA Investing LLC’s holdings in Entegris were worth $176,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Bridges Investment Management Inc. lifted its stake in Entegris by 3.6% during the 3rd quarter. Bridges Investment Management Inc. now owns 2,829 shares of the semiconductor company’s stock valued at $318,000 after acquiring an additional 98 shares during the period. Angeles Investment Advisors LLC lifted its position in Entegris by 4.1% during the third quarter. Angeles Investment Advisors LLC now owns 3,230 shares of the semiconductor company’s stock valued at $363,000 after purchasing an additional 127 shares during the period. Huntington National Bank lifted its position in Entegris by 41.0% during the third quarter. Huntington National Bank now owns 454 shares of the semiconductor company’s stock valued at $51,000 after purchasing an additional 132 shares during the period. National Bank of Canada FI boosted its holdings in Entegris by 24.4% in the second quarter. National Bank of Canada FI now owns 704 shares of the semiconductor company’s stock valued at $94,000 after purchasing an additional 138 shares during the last quarter. Finally, Equitable Trust Co. grew its position in Entegris by 2.2% during the 3rd quarter. Equitable Trust Co. now owns 6,501 shares of the semiconductor company’s stock worth $732,000 after purchasing an additional 138 shares during the period.

Entegris Trading Down 1.3 %

Shares of Entegris stock opened at $99.76 on Thursday. 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, Inc. has a twelve month low of $94.92 and a twelve month high of $147.57. The firm has a market capitalization of $15.06 billion, a PE ratio of 66.07, a P/E/G ratio of 1.80 and a beta of 1.24. The firm’s 50-day moving average price is $103.98 and its 200 day moving average price is $112.30.

Entegris (NASDAQ:ENTG) last released its earnings results 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). Entegris had a net margin of 7.13% and a return on equity of 12.24%. The firm had revenue of $807.70 million during the quarter, compared to analysts’ expectations of $832.44 million. During the same quarter last year, the business earned $0.68 EPS. The business’s revenue was down 9.1% compared to the same quarter last year. On average, sell-side analysts predict that Entegris, Inc. will post 2.99 EPS for the current fiscal year.

Entegris Dividend Announcement

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

Wall Street Analysts Forecast Growth

ENTG has been the topic of a number of recent research reports. Citigroup lowered their target price on Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Craig Hallum dropped their price objective on shares of Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. UBS Group cut their target price 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. KeyCorp lowered their price target 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. Finally, Mizuho cut their price objective on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a report on Tuesday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Entegris currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.90.

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).