Diversify Wealth Management LLC Purchases 1,586 Shares of Entegris, Inc. (NASDAQ:ENTG)

Diversify Wealth Management LLC grew its position in Entegris, Inc. (NASDAQ:ENTG) by 32.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,516 shares of the semiconductor company’s stock after acquiring an additional 1,586 shares during the quarter. Diversify Wealth Management LLC’s holdings in Entegris were worth $645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Quarry LP purchased a new stake in Entegris during the second quarter valued at $27,000. Capital Performance Advisors LLP purchased a new stake in shares of Entegris during the 3rd quarter valued at about $29,000. Blue Trust Inc. increased its stake in Entegris by 221.3% during the third quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 239 shares during the last quarter. Fortitude Family Office LLC raised its position in Entegris by 195.7% during the fourth quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 274 shares during the period. Finally, Covestor Ltd lifted its stake in shares of Entegris by 241.8% in the 3rd quarter. Covestor Ltd now owns 417 shares of the semiconductor company’s stock valued at $47,000 after purchasing an additional 295 shares during the last quarter.

Entegris Trading Up 0.3 %

NASDAQ ENTG opened at $106.73 on Wednesday. The company’s 50-day simple moving average is $103.54 and its two-hundred day simple moving average is $110.02. Entegris, Inc. has a one year low of $94.92 and a one year high of $147.57. The company has a market capitalization of $16.12 billion, a price-to-earnings ratio of 70.68, a price-to-earnings-growth ratio of 1.43 and a beta of 1.24. 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 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). Entegris had a return on equity of 12.24% and a net margin of 7.13%. The business had revenue of $807.70 million during the quarter, compared to the consensus estimate of $832.44 million. During the same period last year, the firm earned $0.68 EPS. The business’s quarterly revenue was down 9.1% on a year-over-year basis. Equities analysts forecast that Entegris, Inc. will post 2.95 EPS for the current fiscal year.

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.37%. The ex-dividend date is Wednesday, January 29th. Entegris’s payout ratio is 26.49%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ENTG shares. Citigroup lowered their target price on shares of Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. BMO Capital Markets decreased their price objective on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. KeyCorp cut their target price on Entegris from $154.00 to $150.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. UBS Group dropped their price objective on Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Finally, Craig Hallum reduced their target price on Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. One investment 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $134.50.

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).