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

Moran Wealth Management LLC boosted its stake in Entegris, Inc. (NASDAQ:ENTG) by 5.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 have also modified their holdings of ENTG. Innealta Capital LLC acquired a new stake in Entegris during the 2nd quarter worth approximately $26,000. Quarry LP bought a new stake in Entegris in the 2nd quarter valued at $27,000. Summit Securities Group LLC acquired a new position in Entegris in the 2nd quarter worth $27,000. Opal Wealth Advisors LLC bought a new position in Entegris during the 2nd quarter worth about $31,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Entegris in the third quarter valued at about $29,000.

Wall Street Analyst Weigh In

ENTG has been the topic of several analyst reports. Needham & Company LLC reissued a “buy” rating and set a $150.00 price target on shares of Entegris in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft cut their price objective 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. Citigroup decreased their price target 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. Craig Hallum dropped their price objective on Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, Mizuho cut their price target on shares of Entegris from $143.00 to $125.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. One equities 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. Based on data from MarketBeat.com, Entegris currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.40.

Entegris Price Performance

Shares of NASDAQ:ENTG opened at $107.24 on Friday. The firm has a market capitalization of $16.19 billion, a price-to-earnings ratio of 71.02, a PEG ratio of 1.62 and a beta of 1.24. The company’s fifty day moving average price is $107.09 and its 200-day moving average price is $118.73. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.92 and a quick ratio of 1.83. Entegris, Inc. has a one year low of $94.92 and a one year high of $147.57.

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

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.37%. The ex-dividend date was Wednesday, October 30th. Entegris’s dividend payout ratio is currently 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).