4,530 Shares in Entegris, Inc. (NASDAQ:ENTG) Acquired by Trust Point Inc.

Trust Point Inc. acquired a new position in Entegris, Inc. (NASDAQ:ENTG) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,530 shares of the semiconductor company’s stock, valued at approximately $449,000.

A number of other hedge funds also recently added to or reduced their stakes in ENTG. Mountaineer Partners Management LLC raised its holdings in Entegris by 16,255.1% in the 3rd quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company’s stock worth $1,242,848,000 after acquiring an additional 10,977,064 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Entegris by 1,076.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 923,332 shares of the semiconductor company’s stock valued at $103,903,000 after buying an additional 844,837 shares during the last quarter. Principal Financial Group Inc. raised its stake in Entegris by 130.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company’s stock valued at $155,287,000 after buying an additional 781,955 shares during the last quarter. Swedbank AB raised its stake in Entegris by 249.7% during the 3rd quarter. Swedbank AB now owns 1,050,361 shares of the semiconductor company’s stock valued at $118,197,000 after buying an additional 750,000 shares during the last quarter. Finally, James Hambro & Partners LLP purchased a new stake in Entegris during the 4th quarter valued at $72,845,000.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ENTG shares. BMO Capital Markets decreased their target price on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. UBS Group decreased their target price on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Craig Hallum decreased their target price on shares of Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Citigroup decreased their target price on shares of Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Finally, Mizuho cut their price objective on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. One 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 company’s stock. Based on data from MarketBeat, Entegris has an average rating of “Moderate Buy” and a consensus target price of $134.50.

Entegris Trading Up 2.7 %

Shares of Entegris stock opened at $103.90 on Thursday. The company has a market capitalization of $15.69 billion, a P/E ratio of 68.81, a P/E/G ratio of 1.38 and a beta of 1.24. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.83 and a current ratio of 2.92. The company has a fifty day moving average of $103.24 and a 200 day moving average of $107.33. Entegris, Inc. has a fifty-two week low of $94.92 and a fifty-two week high of $147.57.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.01). Entegris had a net margin of 7.13% and a return on equity of 12.24%. The company had revenue of $807.70 million for the quarter, compared to the consensus estimate of $832.44 million. During the same period last year, the company earned $0.68 EPS. The firm’s revenue for the quarter was down 9.1% on a year-over-year basis. On average, sell-side analysts anticipate that Entegris, Inc. will post 2.94 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. The ex-dividend date is Wednesday, January 29th. Entegris’s dividend payout ratio (DPR) is presently 26.49%.

About Entegris

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).