Holocene Advisors LP Buys 29,140 Shares of Entegris, Inc. (NASDAQ:ENTG)

Holocene Advisors LP raised its stake in Entegris, Inc. (NASDAQ:ENTG) by 39.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 103,772 shares of the semiconductor company’s stock after acquiring an additional 29,140 shares during the quarter. Holocene Advisors LP’s holdings in Entegris were worth $11,677,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Innealta Capital LLC acquired a new position in shares of Entegris in the second quarter valued at approximately $26,000. Summit Securities Group LLC acquired a new position in shares of Entegris in the second quarter valued at approximately $27,000. Quarry LP acquired a new position in shares of Entegris in the second quarter valued at approximately $27,000. Capital Performance Advisors LLP acquired a new position in shares of Entegris in the third quarter valued at approximately $29,000. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Entegris in the second quarter valued at approximately $31,000.

Entegris Price Performance

Entegris stock opened at $108.17 on Wednesday. The stock has a market capitalization of $16.33 billion, a price-to-earnings ratio of 71.64, a PEG ratio of 1.80 and a beta of 1.23. Entegris, Inc. has a 52-week low of $94.92 and a 52-week high of $147.57. The stock’s 50 day moving average price is $106.46 and its two-hundred day moving average price is $117.52. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.83 and a current ratio of 2.92.

Entegris (NASDAQ:ENTG) last issued its earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share (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 during the quarter, compared to the consensus estimate of $832.44 million. During the same quarter in the prior year, the business earned $0.68 earnings per share. Entegris’s revenue for the quarter was down 9.1% on a year-over-year basis. On average, equities analysts predict that Entegris, Inc. will post 2.99 earnings per share for the current year.

Entegris Dividend Announcement

The company also recently announced 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 0.37%. The ex-dividend date was Wednesday, October 30th. Entegris’s dividend payout ratio is currently 26.49%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ENTG. Deutsche Bank Aktiengesellschaft decreased their target price 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 decreased their target price 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. KeyCorp decreased their target price 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. Craig Hallum decreased their target price 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. Finally, UBS Group decreased their target price on shares of Entegris from $130.00 to $115.00 and set a “neutral” 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 issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average 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).