Franklin Resources Inc. Trims Holdings in Entegris, Inc. (NASDAQ:ENTG)

Franklin Resources Inc. cut its stake in Entegris, Inc. (NASDAQ:ENTG) by 58.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 227,983 shares of the semiconductor company’s stock after selling 316,957 shares during the period. Franklin Resources Inc. owned 0.15% of Entegris worth $25,409,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ENTG. &PARTNERS bought a new stake in shares of Entegris in the 2nd quarter valued at approximately $370,000. Argent Capital Management LLC grew its position in shares of Entegris by 2.0% during the 2nd quarter. Argent Capital Management LLC now owns 27,520 shares of the semiconductor company’s stock valued at $3,726,000 after buying an additional 544 shares during the last quarter. EFG Asset Management North America Corp. grew its position in shares of Entegris by 71.2% during the 2nd quarter. EFG Asset Management North America Corp. now owns 16,592 shares of the semiconductor company’s stock valued at $2,247,000 after buying an additional 6,901 shares during the last quarter. Amica Mutual Insurance Co. acquired a new stake in Entegris during the second quarter worth about $2,111,000. Finally, Summit Securities Group LLC bought a new position in Entegris in the second quarter worth about $27,000.

Entegris Trading Down 4.2 %

Entegris stock opened at $97.91 on Friday. Entegris, Inc. has a 12-month low of $94.92 and a 12-month high of $147.57. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.92 and a quick ratio of 1.83. The stock has a market capitalization of $14.78 billion, a PE ratio of 64.84, a price-to-earnings-growth ratio of 1.80 and a beta of 1.23. The firm has a 50 day simple moving average of $105.25 and a 200-day simple moving average of $115.59.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). Entegris had a net margin of 7.13% and a return on equity of 12.24%. The firm had revenue of $807.70 million for the quarter, compared to the consensus estimate of $832.44 million. During the same period in the previous year, the business posted $0.68 earnings per share. The business’s revenue for the quarter was down 9.1% compared to the same quarter last year. As a group, equities research analysts expect that Entegris, Inc. will post 2.99 EPS for the current fiscal year.

Entegris Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend was Wednesday, October 30th. Entegris’s dividend payout ratio (DPR) is presently 26.49%.

Analysts Set New Price Targets

ENTG has been the subject of several recent research reports. UBS Group lowered their target price on Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Citigroup lowered their price objective on Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Craig Hallum cut 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. BMO Capital Markets lowered their price target on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Finally, Mizuho dropped their price objective on shares of Entegris from $143.00 to $125.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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).