Southpoint Capital Advisors LP Sells 150,000 Shares of Entegris, Inc. (NASDAQ:ENTG)

Southpoint Capital Advisors LP reduced its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 60.0% during the third quarter, HoldingsChannel reports. The firm owned 100,000 shares of the semiconductor company’s stock after selling 150,000 shares during the period. Southpoint Capital Advisors LP’s holdings in Entegris were worth $11,253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Wedmont Private Capital boosted its holdings in Entegris by 5.9% in the second quarter. Wedmont Private Capital now owns 1,609 shares of the semiconductor company’s stock worth $232,000 after purchasing an additional 90 shares during the last quarter. Bridges Investment Management Inc. increased its position in Entegris by 3.6% during the third quarter. Bridges Investment Management Inc. now owns 2,829 shares of the semiconductor company’s stock valued at $318,000 after acquiring an additional 98 shares during the last quarter. Everpar Advisors LLC lifted its holdings in Entegris by 6.5% in the second quarter. Everpar Advisors LLC now owns 1,656 shares of the semiconductor company’s stock valued at $224,000 after acquiring an additional 101 shares during the period. Arizona State Retirement System boosted its position in Entegris by 0.3% in the second quarter. Arizona State Retirement System now owns 41,406 shares of the semiconductor company’s stock worth $5,606,000 after purchasing an additional 105 shares during the last quarter. Finally, Fulton Bank N.A. grew its stake in shares of Entegris by 0.9% during the 2nd quarter. Fulton Bank N.A. now owns 11,703 shares of the semiconductor company’s stock valued at $1,585,000 after purchasing an additional 108 shares during the period.

Wall Street Analysts Forecast Growth

ENTG has been the topic of a number of research reports. Craig Hallum dropped their price objective on shares of Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. KeyCorp reduced their price objective on Entegris from $164.00 to $154.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Mizuho reduced their price target on Entegris from $143.00 to $125.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Citigroup decreased their target price on shares of Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Entegris has a consensus rating of “Moderate Buy” and an average target price of $135.40.

Entegris Stock Up 0.6 %

Shares of ENTG opened at $105.63 on Friday. The business’s 50 day simple moving average is $106.62 and its 200-day simple moving average is $118.04. Entegris, Inc. has a 1 year low of $94.92 and a 1 year high of $147.57. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.92 and a quick ratio of 1.83. The stock has a market capitalization of $15.95 billion, a price-to-earnings ratio of 69.95, a price-to-earnings-growth ratio of 1.73 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last released its earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.01). The company had revenue of $807.70 million for the quarter, compared to the consensus estimate of $832.44 million. Entegris had a net margin of 7.13% and a return on equity of 12.24%. The business’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.68 EPS. As a group, equities analysts expect that Entegris, Inc. will post 2.99 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend was Wednesday, October 30th. Entegris’s payout ratio is presently 26.49%.

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).