Entegris, Inc. (NASDAQ:ENTG) Holdings Boosted by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 6.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,913 shares of the semiconductor company’s stock after purchasing an additional 520 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Entegris were worth $883,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ENTG. Acadian Asset Management LLC bought a new position in Entegris during the 2nd quarter worth $276,000. Choreo LLC acquired a new position in shares of Entegris during the second quarter valued at $323,000. Massachusetts Financial Services Co. MA grew its position in shares of Entegris by 0.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 385,881 shares of the semiconductor company’s stock worth $52,248,000 after acquiring an additional 1,701 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Entegris by 0.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 632,751 shares of the semiconductor company’s stock worth $85,676,000 after acquiring an additional 2,483 shares during the period. Finally, Edgestream Partners L.P. acquired a new stake in shares of Entegris in the 2nd quarter worth about $4,780,000.

Wall Street Analyst Weigh In

ENTG has been the subject of several recent analyst reports. KeyCorp decreased their target price on shares of Entegris from $154.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft decreased 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. Mizuho lowered their target price on Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Citigroup reduced their price target on Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Finally, UBS Group decreased 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. 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 company’s stock. According to MarketBeat.com, Entegris presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.50.

Entegris Trading Up 2.4 %

Shares of Entegris stock opened at $101.93 on Thursday. The business has a fifty day simple moving average of $103.59 and a 200-day simple moving average of $111.17. Entegris, Inc. has a fifty-two week low of $94.92 and a fifty-two week high of $147.57. The firm has a market cap of $15.39 billion, a price-to-earnings ratio of 67.50, a price-to-earnings-growth ratio of 1.76 and a beta of 1.24. The company has a quick ratio of 1.83, a current ratio of 2.92 and a debt-to-equity ratio of 1.14.

Entegris (NASDAQ:ENTG) last issued 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). The business had revenue of $807.70 million during the quarter, compared to analyst estimates of $832.44 million. Entegris had a net margin of 7.13% and a return on equity of 12.24%. Entegris’s revenue was down 9.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.68 earnings per share. On average, equities analysts forecast that Entegris, Inc. will post 2.99 EPS for the current fiscal year.

Entegris Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.39%. Entegris’s dividend payout ratio (DPR) is 26.49%.

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).