Entegris, Inc. (NASDAQ:ENTG) Shares Purchased by Equitable Trust Co.

Equitable Trust Co. increased its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 61.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 10,468 shares of the semiconductor company’s stock after acquiring an additional 3,967 shares during the period. Equitable Trust Co.’s holdings in Entegris were worth $1,037,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bridges Investment Management Inc. grew its stake in Entegris by 3.6% during the 3rd 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. Angeles Investment Advisors LLC grew its stake in Entegris by 4.1% during the 3rd quarter. Angeles Investment Advisors LLC now owns 3,230 shares of the semiconductor company’s stock worth $363,000 after buying an additional 127 shares during the last quarter. Huntington National Bank grew its stake in Entegris by 41.0% during the 3rd quarter. Huntington National Bank now owns 454 shares of the semiconductor company’s stock worth $51,000 after buying an additional 132 shares during the last quarter. UMB Bank n.a. grew its stake in Entegris by 18.6% during the 3rd quarter. UMB Bank n.a. now owns 885 shares of the semiconductor company’s stock worth $100,000 after buying an additional 139 shares during the last quarter. Finally, Arkadios Wealth Advisors grew its stake in Entegris by 8.6% during the 3rd quarter. Arkadios Wealth Advisors now owns 1,892 shares of the semiconductor company’s stock worth $213,000 after buying an additional 150 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ENTG. Deutsche Bank Aktiengesellschaft lowered their price objective 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 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. KeyCorp lowered their price objective on Entegris from $150.00 to $141.00 and set an “overweight” rating for the company in a research note on Friday. UBS Group decreased their price target 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, Craig Hallum decreased their price target on Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research note 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $130.60.

Entegris Trading Up 0.2 %

Shares of ENTG stock opened at $106.73 on Tuesday. The stock has a 50-day simple moving average of $103.31 and a 200 day simple moving average of $106.74. Entegris, Inc. has a fifty-two week low of $94.92 and a fifty-two week high of $147.57. The stock has a market capitalization of $16.12 billion, a P/E ratio of 55.30, a P/E/G ratio of 1.49 and a beta of 1.24. The company has a quick ratio of 1.83, a current ratio of 2.92 and a debt-to-equity ratio of 1.14.

Entegris (NASDAQ:ENTG) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.07. Entegris had a return on equity of 13.00% and a net margin of 9.03%. On average, sell-side analysts expect that Entegris, Inc. will post 3.63 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, January 29th. This represents a $0.40 annualized dividend and a yield of 0.37%. Entegris’s dividend payout ratio is currently 20.73%.

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).