AdvisorNet Financial Inc Has $191,000 Position in Entegris, Inc. (NASDAQ:ENTG)

AdvisorNet Financial Inc grew its position in Entegris, Inc. (NASDAQ:ENTGGet Rating) by 140.9% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 2,072 shares of the semiconductor company’s stock after purchasing an additional 1,212 shares during the quarter. AdvisorNet Financial Inc’s holdings in Entegris were worth $191,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fulton Bank N.A. increased its position in Entegris by 61.9% during the 2nd quarter. Fulton Bank N.A. now owns 5,171 shares of the semiconductor company’s stock worth $476,000 after purchasing an additional 1,977 shares in the last quarter. Amalgamated Bank increased its position in Entegris by 8.9% during the 1st quarter. Amalgamated Bank now owns 31,400 shares of the semiconductor company’s stock worth $4,122,000 after purchasing an additional 2,579 shares in the last quarter. Brasada Capital Management LP increased its position in Entegris by 1.8% during the 1st quarter. Brasada Capital Management LP now owns 55,821 shares of the semiconductor company’s stock worth $7,327,000 after purchasing an additional 980 shares in the last quarter. Rehmann Capital Advisory Group increased its position in Entegris by 5.1% during the 1st quarter. Rehmann Capital Advisory Group now owns 1,901 shares of the semiconductor company’s stock worth $249,000 after purchasing an additional 93 shares in the last quarter. Finally, Verition Fund Management LLC increased its position in Entegris by 74.0% during the 1st quarter. Verition Fund Management LLC now owns 40,597 shares of the semiconductor company’s stock worth $5,329,000 after purchasing an additional 17,261 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Entegris Trading Down 2.3 %

NASDAQ:ENTG opened at $92.13 on Wednesday. The firm’s fifty day moving average is $100.16 and its 200-day moving average is $107.52. The company has a debt-to-equity ratio of 1.78, a quick ratio of 8.37 and a current ratio of 9.86. Entegris, Inc. has a 52 week low of $85.92 and a 52 week high of $158.00. The firm has a market cap of $13.72 billion, a P/E ratio of 27.26 and a beta of 1.28.

Entegris (NASDAQ:ENTGGet Rating) last posted its quarterly earnings data on Tuesday, August 2nd. The semiconductor company reported $1.00 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.05). Entegris had a net margin of 18.02% and a return on equity of 30.56%. The firm had revenue of $692.50 million during the quarter, compared to the consensus estimate of $665.90 million. During the same period in the prior year, the company posted $0.85 earnings per share. The company’s revenue for the quarter was up 21.2% compared to the same quarter last year. Equities analysts expect that Entegris, Inc. will post 4.07 earnings per share for the current year.

Entegris Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 24th. Investors of record on Wednesday, August 3rd were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, August 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.43%. Entegris’s payout ratio is presently 11.83%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group upped their price objective on shares of Entegris from $109.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Stifel Nicolaus boosted their target price on shares of Entegris from $186.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, August 16th. KeyCorp reduced their target price on shares of Entegris from $150.00 to $132.00 and set an “overweight” rating on the stock in a report on Wednesday, July 20th. StockNews.com lowered shares of Entegris from a “hold” rating to a “sell” rating in a report on Wednesday, August 24th. Finally, Mizuho boosted their target price on shares of Entegris from $146.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $146.10.

Entegris Company Profile

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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: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); and Advanced Materials Handling (AMH).

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Institutional Ownership by Quarter for Entegris (NASDAQ:ENTG)

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