Entegris, Inc. (NASDAQ:ENTG) Holdings Boosted by Mountaineer Partners Management LLC

Mountaineer Partners Management LLC increased its position in Entegris, Inc. (NASDAQ:ENTG) by 16,255.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 11,044,594 shares of the semiconductor company’s stock after purchasing an additional 10,977,064 shares during the period. Entegris accounts for about 10.4% of Mountaineer Partners Management LLC’s holdings, making the stock its 4th biggest holding. Mountaineer Partners Management LLC owned 7.31% of Entegris worth $1,242,848,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Wedmont Private Capital increased its stake in Entegris by 5.9% in the second quarter. Wedmont Private Capital now owns 1,609 shares of the semiconductor company’s stock valued at $232,000 after purchasing an additional 90 shares during the period. Bridges Investment Management Inc. grew its holdings in shares of Entegris by 3.6% during the third quarter. Bridges Investment Management Inc. now owns 2,829 shares of the semiconductor company’s stock worth $318,000 after buying an additional 98 shares during the last quarter. Everpar Advisors LLC increased its position in Entegris by 6.5% in the 2nd quarter. Everpar Advisors LLC now owns 1,656 shares of the semiconductor company’s stock valued at $224,000 after acquiring an additional 101 shares during the period. Arizona State Retirement System raised its stake in Entegris by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 41,406 shares of the semiconductor company’s stock valued at $5,606,000 after acquiring an additional 105 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in Entegris by 7.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,612 shares of the semiconductor company’s stock worth $181,000 after acquiring an additional 113 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Citigroup lowered their price objective on shares of Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. 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. BMO Capital Markets lowered their price objective on Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. UBS Group cut their target price on Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Finally, Mizuho reduced 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. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $135.40.

Entegris Stock Performance

Entegris stock opened at $108.17 on Wednesday. Entegris, Inc. has a fifty-two week low of $94.92 and a fifty-two week high of $147.57. The company has a market capitalization of $16.33 billion, a price-to-earnings ratio of 71.64, a PEG ratio of 1.80 and a beta of 1.23. The stock has a fifty day moving average of $106.46 and a two-hundred day moving average of $117.52. 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 analysts’ expectations of $832.44 million. Entegris had a return on equity of 12.24% and a net margin of 7.13%. The company’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.68 EPS. On average, analysts anticipate that Entegris, Inc. will post 2.99 EPS for the current fiscal year.

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors 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 0.37%. The ex-dividend date was Wednesday, October 30th. Entegris’s payout ratio is 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).