Pictet Asset Management SA Sells 534 Shares of Entegris, Inc. (NASDAQ:ENTG)

Pictet Asset Management SA reduced its stake in Entegris, Inc. (NASDAQ:ENTGGet Rating) by 1.1% during the 2nd quarter, Holdings Channel reports. The firm owned 46,072 shares of the semiconductor company’s stock after selling 534 shares during the period. Pictet Asset Management SA’s holdings in Entegris were worth $4,245,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Advisors Asset Management Inc. lifted its stake in Entegris by 5.7% in the second quarter. Advisors Asset Management Inc. now owns 1,787 shares of the semiconductor company’s stock valued at $165,000 after buying an additional 97 shares during the period. Baird Financial Group Inc. increased its stake in shares of Entegris by 108.3% in the 2nd quarter. Baird Financial Group Inc. now owns 9,079 shares of the semiconductor company’s stock valued at $837,000 after acquiring an additional 4,720 shares during the last quarter. TownSquare Capital LLC raised its position in shares of Entegris by 1.3% in the 2nd quarter. TownSquare Capital LLC now owns 41,924 shares of the semiconductor company’s stock valued at $3,863,000 after acquiring an additional 546 shares during the period. Bank of Nova Scotia boosted its stake in Entegris by 3,335.9% during the 2nd quarter. Bank of Nova Scotia now owns 99,848 shares of the semiconductor company’s stock worth $9,199,000 after acquiring an additional 96,942 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in Entegris during the second quarter valued at approximately $277,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Entegris Price Performance

Shares of ENTG opened at $73.34 on Friday. The company’s 50-day moving average is $80.75 and its 200-day moving average is $94.52. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.64 and a quick ratio of 1.66. The firm has a market capitalization of $10.93 billion, a PE ratio of 36.31 and a beta of 1.21. Entegris, Inc. has a fifty-two week low of $61.75 and a fifty-two week high of $158.00.

Entegris Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 23rd. Shareholders of record on Wednesday, November 2nd will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, November 1st. This represents a $0.40 annualized dividend and a yield of 0.55%. Entegris’s dividend payout ratio (DPR) is presently 19.80%.

Analyst Upgrades and Downgrades

ENTG has been the subject of several research analyst reports. TheStreet lowered shares of Entegris from a “b-” rating to a “c” rating in a report on Wednesday, November 2nd. Citigroup decreased their price target on shares of Entegris from $145.00 to $92.00 and set a “buy” rating for the company in a research note on Friday, November 4th. Mizuho lowered their price objective on shares of Entegris from $148.00 to $112.00 and set a “buy” rating on the stock in a report on Thursday, November 3rd. StockNews.com assumed coverage on shares of Entegris in a report on Wednesday, October 12th. They set a “sell” rating for the company. Finally, Credit Suisse Group initiated coverage on shares of Entegris in a research note on Thursday, October 6th. They issued an “outperform” rating and a $108.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.45.

About Entegris

(Get Rating)

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).

Recommended Stories

Want to see what other hedge funds are holding ENTG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Entegris, Inc. (NASDAQ:ENTGGet Rating).

Institutional Ownership by Quarter for Entegris (NASDAQ:ENTG)

Receive News & Ratings for Entegris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entegris and related companies with MarketBeat.com's FREE daily email newsletter.