Pitcairn Co. Has $698,000 Stock Holdings in Entegris, Inc. (NASDAQ:ENTG)

Pitcairn Co. reduced its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 10.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,203 shares of the semiconductor company’s stock after selling 727 shares during the period. Pitcairn Co.’s holdings in Entegris were worth $698,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Diversified Trust Co bought a new position in Entegris in the 2nd quarter valued at about $851,000. Cetera Investment Advisers increased its stake in Entegris by 128.0% in the first quarter. Cetera Investment Advisers now owns 20,387 shares of the semiconductor company’s stock valued at $2,865,000 after acquiring an additional 11,444 shares during the last quarter. Swedbank AB raised its position in Entegris by 520.3% during the second quarter. Swedbank AB now owns 300,361 shares of the semiconductor company’s stock valued at $40,669,000 after purchasing an additional 251,938 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Entegris by 124.6% in the 2nd quarter. SG Americas Securities LLC now owns 14,563 shares of the semiconductor company’s stock valued at $1,972,000 after purchasing an additional 8,079 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Entegris in the 3rd quarter valued at $1,158,000.

Entegris Stock Up 1.9 %

Shares of ENTG opened at $107.24 on Monday. The stock’s 50-day moving average price is $107.09 and its two-hundred day moving average price is $118.56. Entegris, Inc. has a 12 month low of $94.92 and a 12 month high of $147.57. The company has a market capitalization of $16.19 billion, a PE ratio of 71.02, a PEG ratio of 1.74 and a beta of 1.24. The company has a current ratio of 2.92, a quick ratio of 1.83 and a debt-to-equity ratio of 1.14.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). The company had revenue of $807.70 million during 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 earnings per share. On average, analysts anticipate that Entegris, Inc. will post 2.99 EPS 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 paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date of this dividend was Wednesday, October 30th. Entegris’s dividend payout ratio is presently 26.49%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Citigroup dropped their price objective on Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. UBS Group reduced their price target on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Needham & Company LLC reiterated a “buy” rating and set a $150.00 price objective on shares of Entegris in a research report on Thursday, August 1st. Craig Hallum cut their target price on shares of Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target 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. One investment 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.40.

About Entegris

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).