Tidal Investments LLC Increases Stock Holdings in Entegris, Inc. (NASDAQ:ENTG)

Tidal Investments LLC lifted its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 119.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 42,780 shares of the semiconductor company’s stock after acquiring an additional 23,262 shares during the period. Tidal Investments LLC’s holdings in Entegris were worth $4,814,000 at the end of the most recent reporting period.

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

Entegris Trading Down 0.6 %

ENTG opened at $106.66 on Friday. The firm’s 50 day moving average is $105.69 and its 200-day moving average is $116.29. Entegris, Inc. has a 52-week low of $94.92 and a 52-week high of $147.57. The company has a quick ratio of 1.83, a current ratio of 2.92 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $16.11 billion, a P/E ratio of 70.64, a P/E/G ratio of 1.80 and a beta of 1.23.

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 the consensus estimate of $0.78 by ($0.01). The firm had revenue of $807.70 million for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the firm earned $0.68 EPS. Analysts expect 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 issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date was Wednesday, October 30th. Entegris’s dividend payout ratio is currently 26.49%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Deutsche Bank Aktiengesellschaft dropped their price objective on Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Mizuho dropped their price objective on shares of Entegris from $143.00 to $125.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. Citigroup cut their target price on Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. UBS Group cut their price objective on Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Finally, BMO Capital Markets reduced their price objective on Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Entegris currently has an average rating of “Moderate Buy” and an average target price of $135.40.

About Entegris

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).