Pier 88 Investment Partners LLC Has $886,000 Stake in Entegris, Inc. (NASDAQ:ENTG)

Pier 88 Investment Partners LLC cut its stake in Entegris, Inc. (NASDAQ:ENTG) by 16.0% in the third quarter, HoldingsChannel.com reports. The fund owned 7,870 shares of the semiconductor company’s stock after selling 1,500 shares during the period. Pier 88 Investment Partners LLC’s holdings in Entegris were worth $886,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ENTG. Innealta Capital LLC bought a new stake in Entegris in the second quarter valued at approximately $26,000. Quarry LP acquired a new position in shares of Entegris in the 2nd quarter valued at $27,000. Summit Securities Group LLC bought a new stake in shares of Entegris in the 2nd quarter valued at $27,000. Opal Wealth Advisors LLC acquired a new stake in Entegris during the 2nd quarter worth $31,000. Finally, Capital Performance Advisors LLP bought a new position in Entegris during the third quarter worth about $29,000.

Entegris Trading Down 1.1 %

Shares of Entegris stock opened at $105.12 on Thursday. Entegris, Inc. has a 52-week low of $94.92 and a 52-week high of $147.57. The stock has a market cap of $15.87 billion, a PE ratio of 69.62, a PEG ratio of 1.73 and a beta of 1.24. The firm has a 50-day moving average of $108.07 and a 200-day moving average of $120.08. 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 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 for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the business earned $0.68 EPS. As a group, sell-side analysts forecast that Entegris, Inc. will post 3.03 EPS for the current year.

Entegris Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders 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 26.49%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ENTG shares. Mizuho lowered their price target on Entegris from $143.00 to $125.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lowered their target price on Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Citigroup reduced their price target 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. Craig Hallum lowered their price objective on shares of Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, UBS Group cut their price objective on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $135.40.

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).