Kovitz Investment Group Partners LLC Purchases New Stake in Entegris, Inc. (NASDAQ:ENTG)

Kovitz Investment Group Partners LLC acquired a new position in shares of Entegris, Inc. (NASDAQ:ENTG) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 3,999 shares of the semiconductor company’s stock, valued at approximately $450,000.

Other large investors also recently added to or reduced their stakes in the company. Innealta Capital LLC purchased a new position in Entegris in the second quarter worth approximately $26,000. Summit Securities Group LLC acquired a new position in shares of Entegris in the 2nd quarter worth approximately $27,000. Quarry LP purchased a new position in shares of Entegris during the 2nd quarter worth approximately $27,000. Capital Performance Advisors LLP purchased a new stake in Entegris in the third quarter valued at approximately $29,000. Finally, Blue Trust Inc. lifted its stake in Entegris by 221.3% during the third quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 239 shares in the last quarter.

Entegris Stock Down 1.6 %

Entegris stock opened at $107.30 on Friday. The company has a market capitalization of $16.20 billion, a P/E ratio of 71.06, a PEG ratio of 1.80 and a beta of 1.23. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.83 and a current ratio of 2.92. Entegris, Inc. has a fifty-two week low of $94.92 and a fifty-two week high of $147.57. The stock has a 50-day simple moving average of $105.80 and a 200-day simple moving average of $116.47.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings data 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 firm had revenue of $807.70 million during the quarter, compared to analysts’ expectations of $832.44 million. Entegris had a net margin of 7.13% and a return on equity of 12.24%. Entegris’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.68 EPS. Equities research analysts expect that Entegris, Inc. will post 2.99 earnings per share for the current year.

Entegris Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.37%. The ex-dividend date was Wednesday, October 30th. Entegris’s payout ratio is currently 26.49%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Citigroup dropped their price objective on Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Craig Hallum dropped their target price on Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. BMO Capital Markets reduced their price target on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. UBS Group cut their price objective on Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Finally, Mizuho reduced their target price 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. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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).