Equitable Trust Co. Has $732,000 Position in Entegris, Inc. (NASDAQ:ENTG)

Equitable Trust Co. raised its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 2.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,501 shares of the semiconductor company’s stock after purchasing an additional 138 shares during the quarter. Equitable Trust Co.’s holdings in Entegris were worth $732,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ENTG. Innealta Capital LLC acquired a new stake in Entegris during the 2nd quarter valued at $26,000. Summit Securities Group LLC acquired a new position in shares of Entegris in the second quarter worth $27,000. Quarry LP acquired a new position in shares of Entegris in the second quarter worth $27,000. Capital Performance Advisors LLP acquired a new position in shares of Entegris in the third quarter worth $29,000. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Entegris in the second quarter worth $31,000.

Entegris Trading Down 2.9 %

Shares of NASDAQ:ENTG opened at $105.03 on Friday. The stock has a market capitalization of $15.86 billion, a PE ratio of 69.56, a P/E/G ratio of 1.71 and a beta of 1.24. Entegris, Inc. has a 1 year low of $90.24 and a 1 year high of $147.57. The firm has a fifty day moving average price of $108.42 and a 200 day moving average price of $120.60. The company has a current ratio of 2.92, a quick ratio of 2.14 and a debt-to-equity ratio of 1.14.

Entegris (NASDAQ:ENTG) last released 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 quarter last year, the company earned $0.68 earnings per share. The firm’s revenue was down 9.1% on a year-over-year basis. Analysts expect that Entegris, Inc. will post 3.03 EPS for the current fiscal year.

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date is Wednesday, October 30th. Entegris’s dividend payout ratio (DPR) is 26.49%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ENTG shares. Mizuho dropped their price target on shares of Entegris from $143.00 to $125.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $150.00 price target on shares of Entegris in a research note on Thursday, August 1st. Citigroup dropped their price target on shares of Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday. UBS Group dropped their price target on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Finally, BMO Capital Markets dropped their price target on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $135.40.

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).