Natixis Advisors LLC Trims Position in Entegris, Inc. (NASDAQ:ENTG)

Natixis Advisors LLC lessened its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 3.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 255,744 shares of the semiconductor company’s stock after selling 8,762 shares during the period. Natixis Advisors LLC owned 0.17% of Entegris worth $28,779,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. CANADA LIFE ASSURANCE Co raised its holdings in shares of Entegris by 161.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 107,677 shares of the semiconductor company’s stock worth $15,135,000 after acquiring an additional 66,437 shares during the period. Diversified Trust Co purchased a new stake in Entegris in the 2nd quarter valued at about $851,000. Cetera Investment Advisers raised its holdings in Entegris by 128.0% in the 1st 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 period. Swedbank AB raised its holdings in Entegris by 520.3% in the 2nd 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 period. Finally, SG Americas Securities LLC raised its holdings in Entegris by 124.6% in the 2nd 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 period.

Entegris Stock Performance

Shares of Entegris stock opened at $99.55 on Tuesday. Entegris, Inc. has a one year low of $94.92 and a one year high of $147.57. The company has a market cap 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 quick ratio of 1.83 and a current ratio of 2.92. The business has a 50-day simple moving average of $107.60 and a 200-day simple moving average of $119.38.

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 company had revenue of $807.70 million for 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%. The business’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.68 earnings per share. On average, equities research analysts forecast that Entegris, Inc. will post 3.03 EPS for the current fiscal year.

Entegris Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on ENTG shares. 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. Mizuho reduced their price objective on shares of Entegris from $143.00 to $125.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. Needham & Company LLC restated a “buy” rating and issued a $150.00 price objective on shares of Entegris in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, BMO Capital Markets dropped their target price on Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.40.

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).