Moran Wealth Management LLC Purchases 261 Shares of Entegris, Inc. (NASDAQ:ENTG)

Moran Wealth Management LLC boosted its holdings in Entegris, Inc. (NASDAQ:ENTG) by 5.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,654 shares of the semiconductor company’s stock after purchasing an additional 261 shares during the quarter. Moran Wealth Management LLC’s holdings in Entegris were worth $524,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ENTG. Innealta Capital LLC purchased a new stake in Entegris during the second quarter valued at $26,000. Summit Securities Group LLC bought a new stake in shares of Entegris during the second quarter worth $27,000. Quarry LP purchased a new stake in Entegris in the 2nd quarter valued at about $27,000. Capital Performance Advisors LLP bought a new position in Entegris in the third quarter worth approximately $29,000. Finally, Opal Wealth Advisors LLC bought a new position in shares of Entegris during the 2nd quarter worth $31,000.

Entegris Price Performance

Shares of NASDAQ:ENTG opened at $107.24 on Friday. The business’s fifty day moving average price is $107.09 and its two-hundred day moving average price is $118.73. 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 stock has a market cap of $16.19 billion, a PE ratio of 71.02, a price-to-earnings-growth ratio of 1.62 and a beta of 1.24. Entegris, Inc. has a one year low of $94.92 and a one year high of $147.57.

Entegris (NASDAQ:ENTG) last released 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). Entegris had a return on equity of 12.24% and a net margin of 7.13%. The firm had revenue of $807.70 million for the quarter, compared to analyst estimates of $832.44 million. During the same quarter in the previous year, the company earned $0.68 earnings per share. The company’s quarterly revenue was down 9.1% on a year-over-year basis. On average, analysts forecast that Entegris, Inc. will post 3.03 EPS for the current fiscal year.

Entegris Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ENTG shares. Craig Hallum decreased their price objective on Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. UBS Group reduced their target price on Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. KeyCorp dropped 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. BMO Capital Markets reduced their price target on Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Finally, Mizuho decreased their price objective on shares of Entegris from $143.00 to $125.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average 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).