Avala Global LP Makes New $34.43 Million Investment in Entegris, Inc. (NASDAQ:ENTG)

Avala Global LP bought a new position in shares of Entegris, Inc. (NASDAQ:ENTG) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 305,917 shares of the semiconductor company’s stock, valued at approximately $34,425,000. Entegris makes up 2.3% of Avala Global LP’s investment portfolio, making the stock its 22nd largest holding.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ENTG. Innealta Capital LLC acquired a new position in shares of Entegris during the 2nd quarter worth approximately $26,000. Summit Securities Group LLC acquired a new position in shares of Entegris during the 2nd quarter worth approximately $27,000. Quarry LP acquired a new position in shares of Entegris during the 2nd quarter worth approximately $27,000. Capital Performance Advisors LLP acquired a new position in shares of Entegris during the 3rd quarter worth approximately $29,000. Finally, Opal Wealth Advisors LLC bought a new stake in shares of Entegris during the 2nd quarter worth approximately $31,000.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft cut 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. 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. Craig Hallum cut their price target on shares of Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. UBS Group cut their price target on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Finally, KeyCorp cut their price target on shares of Entegris from $164.00 to $154.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $135.40.

Entegris Price Performance

Shares of NASDAQ:ENTG opened at $105.63 on Monday. The company has a market cap of $15.95 billion, a price-to-earnings ratio of 69.95, a PEG ratio of 1.74 and a beta of 1.24. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.92 and a quick ratio of 1.83. The firm has a 50 day simple moving average of $106.52 and a 200 day simple moving average of $117.79. Entegris, Inc. has a one year low of $94.92 and a one year high of $147.57.

Entegris (NASDAQ:ENTG) last released 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). The business had revenue of $807.70 million for the quarter, compared to the consensus estimate of $832.44 million. Entegris had a net margin of 7.13% and a return on equity of 12.24%. Entegris’s revenue was down 9.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.68 EPS. Research analysts predict that Entegris, Inc. will post 2.99 earnings per share for the current fiscal year.

Entegris Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. The ex-dividend date of this dividend was Wednesday, October 30th. Entegris’s 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).