Eagle Bay Advisors LLC Increases Stake in Entegris, Inc. (NASDAQ:ENTG)

Eagle Bay Advisors LLC raised its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 4,375.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 716 shares of the semiconductor company’s stock after buying an additional 700 shares during the quarter. Eagle Bay Advisors LLC’s holdings in Entegris were worth $71,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Mountaineer Partners Management LLC boosted its position in Entegris by 16,255.1% during the third quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company’s stock worth $1,242,848,000 after acquiring an additional 10,977,064 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Entegris by 1,076.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 923,332 shares of the semiconductor company’s stock worth $103,903,000 after purchasing an additional 844,837 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Entegris by 130.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company’s stock worth $155,287,000 after purchasing an additional 781,955 shares during the last quarter. Swedbank AB grew its position in shares of Entegris by 249.7% in the third quarter. Swedbank AB now owns 1,050,361 shares of the semiconductor company’s stock valued at $118,197,000 after purchasing an additional 750,000 shares in the last quarter. Finally, D1 Capital Partners L.P. acquired a new stake in shares of Entegris in the third quarter valued at approximately $72,143,000.

Analyst Ratings Changes

Several analysts have issued reports on the company. Craig Hallum dropped their target price on Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. KeyCorp reduced their target price on shares of Entegris from $154.00 to $150.00 and set an “overweight” rating on the stock in a research note on Friday. Mizuho dropped their price target on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Finally, Citigroup reduced their price target on shares of Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. 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. According to MarketBeat.com, Entegris currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.50.

Entegris Stock Down 0.7 %

NASDAQ:ENTG opened at $98.26 on Tuesday. Entegris, Inc. has a 52 week low of $94.92 and a 52 week high of $147.57. The stock’s fifty day moving average is $103.67 and its two-hundred day moving average is $111.43. The stock has a market capitalization of $14.84 billion, a price-to-earnings ratio of 65.07, a price-to-earnings-growth ratio of 1.76 and a beta of 1.24. The company has a quick ratio of 1.83, a current ratio of 2.92 and a debt-to-equity ratio of 1.14.

Entegris (NASDAQ:ENTG) last posted its 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 analyst estimates of $832.44 million. Entegris had a return on equity of 12.24% and a net margin of 7.13%. Entegris’s revenue was down 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.68 EPS. Research analysts anticipate that Entegris, Inc. will post 2.99 EPS for the current year.

Entegris Announces Dividend

The firm also recently disclosed 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 dividend yield of 0.41%. The ex-dividend date was Wednesday, October 30th. Entegris’s dividend payout ratio (DPR) 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).