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

Equitable Trust Co. grew its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 2.2% in the third quarter, Holdings Channel reports. The institutional investor owned 6,501 shares of the semiconductor company’s stock after purchasing an additional 138 shares during the period. Equitable Trust Co.’s holdings in Entegris were worth $732,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in ENTG. Innealta Capital LLC acquired a new position in shares of Entegris during the second quarter valued at about $26,000. Summit Securities Group LLC acquired a new position in shares of Entegris during the second quarter valued at about $27,000. Quarry LP acquired a new position in shares of Entegris during the second quarter valued at about $27,000. Capital Performance Advisors LLP acquired a new position in shares of Entegris during the third quarter valued at about $29,000. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Entegris during the second quarter valued at about $31,000.

Entegris Stock Performance

NASDAQ ENTG opened at $105.03 on Friday. The firm has a market cap of $15.86 billion, a price-to-earnings ratio of 69.56, a PEG ratio of 1.71 and a beta of 1.24. The company has a 50 day moving average of $108.42 and a 200-day moving average 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, Inc. has a 1-year low of $90.24 and a 1-year high of $147.57.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.01). The firm had revenue of $807.70 million for the quarter, compared to analyst estimates of $832.44 million. Entegris had a return on equity of 12.24% and a net margin of 7.13%. The business’s quarterly revenue was down 9.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.68 EPS. On average, equities analysts forecast that Entegris, Inc. will post 3.03 earnings per share for the current fiscal year.

Entegris Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Mizuho cut their price objective on shares of Entegris from $143.00 to $125.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. KeyCorp dropped their price target on shares of Entegris from $164.00 to $154.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. BMO Capital Markets dropped 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. Citigroup dropped their price target on shares of Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a research report 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 stock. According to data from MarketBeat.com, Entegris has a consensus rating of “Moderate Buy” and a consensus price target 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).