TD Private Client Wealth LLC Trims Stake in Entegris, Inc. (NASDAQ:ENTG)

TD Private Client Wealth LLC reduced its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 48.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 948 shares of the semiconductor company’s stock after selling 907 shares during the period. TD Private Client Wealth LLC’s holdings in Entegris were worth $107,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Bridges Investment Management Inc. increased its holdings 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 buying an additional 98 shares during the last quarter. Arizona State Retirement System increased its holdings in Entegris by 0.3% during the second quarter. Arizona State Retirement System now owns 41,406 shares of the semiconductor company’s stock valued at $5,606,000 after buying an additional 105 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Entegris by 7.5% in the third quarter. GAMMA Investing LLC now owns 1,612 shares of the semiconductor company’s stock worth $181,000 after purchasing an additional 113 shares during the period. Parkside Financial Bank & Trust boosted its position in shares of Entegris by 6.1% in the second quarter. Parkside Financial Bank & Trust now owns 2,120 shares of the semiconductor company’s stock worth $287,000 after purchasing an additional 121 shares during the period. Finally, Angeles Investment Advisors LLC boosted its position in shares of Entegris by 4.1% in the third quarter. Angeles Investment Advisors LLC now owns 3,230 shares of the semiconductor company’s stock worth $363,000 after purchasing an additional 127 shares during the period.

Entegris Price Performance

Shares of NASDAQ:ENTG opened at $106.66 on Monday. 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 firm has a fifty day moving average price of $105.69 and a 200 day moving average price of $116.10. Entegris, Inc. has a fifty-two week low of $94.92 and a fifty-two week high of $147.57. The firm has a market cap of $16.11 billion, a price-to-earnings 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 data on Monday, November 4th. The semiconductor company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.01). Entegris had a net margin of 7.13% and a return on equity of 12.24%. The business had revenue of $807.70 million for the quarter, compared to the consensus estimate of $832.44 million. During the same quarter last year, the business earned $0.68 EPS. Entegris’s revenue for the quarter was down 9.1% compared to the same quarter last year. As a group, sell-side analysts expect that Entegris, Inc. will post 2.99 earnings per share for the current fiscal year.

Entegris Dividend Announcement

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. The ex-dividend date was Wednesday, October 30th. This represents a $0.40 annualized dividend and a yield of 0.38%. Entegris’s dividend payout ratio (DPR) is currently 26.49%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Craig Hallum dropped their price target on shares of Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Citigroup dropped their price target on shares of Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of 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 target 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. Finally, KeyCorp dropped their price target on shares of Entegris from $164.00 to $154.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Entegris has a consensus rating of “Moderate Buy” and an average price target 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).