Entegris, Inc. (NASDAQ:ENTG) Shares Bought by SteelPeak Wealth LLC

SteelPeak Wealth LLC grew its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 119.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,040 shares of the semiconductor company’s stock after purchasing an additional 2,198 shares during the period. SteelPeak Wealth LLC’s holdings in Entegris were worth $455,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Inspire Advisors LLC increased its holdings in shares of Entegris by 1.3% during the first quarter. Inspire Advisors LLC now owns 5,785 shares of the semiconductor company’s stock valued at $813,000 after purchasing an additional 77 shares during the period. Wedmont Private Capital grew its holdings in Entegris by 5.9% during the second quarter. Wedmont Private Capital now owns 1,609 shares of the semiconductor company’s stock worth $232,000 after acquiring an additional 90 shares during the period. Everpar Advisors LLC grew its holdings in Entegris by 6.5% during the second quarter. Everpar Advisors LLC now owns 1,656 shares of the semiconductor company’s stock worth $224,000 after acquiring an additional 101 shares during the period. Arizona State Retirement System grew 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 worth $5,606,000 after acquiring an additional 105 shares during the period. Finally, Fulton Bank N.A. grew its holdings in Entegris by 0.9% during the second quarter. Fulton Bank N.A. now owns 11,703 shares of the semiconductor company’s stock worth $1,585,000 after acquiring an additional 108 shares during the period.

Wall Street Analysts Forecast Growth

ENTG has been the topic of a number of research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $150.00 target price on shares of Entegris in a report on Thursday, August 1st. Citigroup raised Entegris from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $119.00 to $130.00 in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft dropped their price target on Entegris from $160.00 to $145.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Mizuho raised Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price target on the stock in a research note on Thursday, August 1st. Finally, BMO Capital Markets dropped their price target on Entegris from $160.00 to $145.00 and set an “outperform” rating on the stock in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Entegris presently has a consensus rating of “Moderate Buy” and a consensus price target of $146.40.

Entegris Trading Down 2.1 %

NASDAQ:ENTG opened at $104.71 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.58 and a quick ratio of 2.14. Entegris, Inc. has a fifty-two week low of $84.13 and a fifty-two week high of $147.57. The stock’s 50-day moving average is $109.55 and its two-hundred day moving average is $121.58. The stock has a market cap of $15.79 billion, a PE ratio of 50.34, a price-to-earnings-growth ratio of 1.39 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last released its earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.01. The company had revenue of $812.60 million for the quarter, compared to analysts’ expectations of $802.43 million. Entegris had a return on equity of 12.03% and a net margin of 5.61%. The business’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.66 EPS. As a group, equities research analysts forecast that Entegris, Inc. will post 3.13 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, October 30th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, October 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. Entegris’s payout ratio is 19.23%.

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).