Bridges Investment Management Inc. Increases Stake in Entegris, Inc. (NASDAQ:ENTG)

Bridges Investment Management Inc. lifted its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 3.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,829 shares of the semiconductor company’s stock after buying an additional 98 shares during the quarter. Bridges Investment Management Inc.’s holdings in Entegris were worth $318,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Verdence Capital Advisors LLC acquired a new position in Entegris during the 3rd quarter worth approximately $256,000. Equitable Trust Co. lifted its position in shares of 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 last quarter. Capital Performance Advisors LLP acquired a new position in shares of Entegris during the third quarter worth $29,000. Principal Financial Group Inc. increased its holdings in Entegris by 130.8% in the third quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company’s stock valued at $155,287,000 after buying an additional 781,955 shares during the last quarter. Finally, Callahan Advisors LLC raised its stake in Entegris by 14.9% in the third quarter. Callahan Advisors LLC now owns 20,679 shares of the semiconductor company’s stock valued at $2,327,000 after buying an additional 2,680 shares in the last quarter.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ENTG shares. Mizuho lowered their price objective on Entegris from $143.00 to $125.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lowered their price target on Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Needham & Company LLC reissued a “buy” rating and set a $150.00 price objective on shares of Entegris in a report on Thursday, August 1st. KeyCorp lowered their target price on shares of Entegris from $164.00 to $154.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Finally, UBS Group cut their price target on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $135.40.

Entegris Price Performance

Shares of NASDAQ:ENTG opened at $105.03 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.14 and a current ratio of 2.92. Entegris, Inc. has a one year low of $90.24 and a one year high of $147.57. The company has a 50-day simple moving average of $108.42 and a 200-day simple moving average of $120.60. The stock has a market capitalization of $15.86 billion, a price-to-earnings ratio of 69.56, a PEG ratio of 1.71 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last posted 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 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 firm’s revenue was down 9.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.68 earnings per share. On average, analysts predict that Entegris, Inc. will post 3.03 EPS for the current year.

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $0.40 annualized dividend and a yield of 0.38%. Entegris’s dividend payout ratio is currently 26.49%.

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).