Cantillon Capital Management LLC Has $261.57 Million Stake in Entegris, Inc. (NASDAQ:ENTG)

Cantillon Capital Management LLC lowered its stake in Entegris, Inc. (NASDAQ:ENTG) by 2.9% in the third quarter, HoldingsChannel.com reports. The firm owned 2,324,461 shares of the semiconductor company’s stock after selling 69,402 shares during the quarter. Cantillon Capital Management LLC’s holdings in Entegris were worth $261,572,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Innealta Capital LLC bought a new position in Entegris in the 2nd quarter valued at $26,000. Summit Securities Group LLC acquired a new position in shares of Entegris during the second quarter valued at $27,000. Quarry LP bought a new position in Entegris in the second quarter valued at about $27,000. Capital Performance Advisors LLP acquired a new stake in Entegris in the third quarter worth about $29,000. Finally, Opal Wealth Advisors LLC bought a new stake in Entegris during the 2nd quarter worth about $31,000.

Entegris Stock Up 1.9 %

NASDAQ:ENTG opened at $99.55 on Tuesday. Entegris, Inc. has a 1 year low of $94.92 and a 1 year high of $147.57. The stock has a 50-day moving average price of $107.60 and a two-hundred day moving average price of $119.38. The stock has a market cap of $15.03 billion, a price-to-earnings ratio of 65.93, a PEG ratio of 1.59 and a beta of 1.24. The company has a current ratio of 2.92, a quick ratio of 1.83 and a debt-to-equity ratio of 1.14.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $832.44 million. Entegris had a net margin of 7.13% and a return on equity of 12.24%. Entegris’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 firm posted $0.68 earnings per share. As a group, equities analysts expect that Entegris, Inc. will post 3.03 earnings per share for the current year.

Entegris Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, October 30th will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, October 30th. This represents a $0.40 annualized dividend and a yield of 0.40%. Entegris’s payout ratio is presently 26.49%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ENTG. KeyCorp reduced their target price on shares of Entegris from $164.00 to $154.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Mizuho cut their price target on Entegris from $143.00 to $125.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. BMO Capital Markets reduced their price target on Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. Finally, UBS Group cut their target price on Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $135.40.

Entegris Company 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).