Trust Point Inc. Takes $449,000 Position in Entegris, Inc. (NASDAQ:ENTG)

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

Several other hedge funds have also recently made changes to their positions in ENTG. Bridges Investment Management Inc. boosted its stake in Entegris by 3.6% in the third quarter. Bridges Investment Management Inc. now owns 2,829 shares of the semiconductor company’s stock valued at $318,000 after acquiring an additional 98 shares in the last quarter. GAMMA Investing LLC boosted its stake in Entegris by 7.5% in the third quarter. GAMMA Investing LLC now owns 1,612 shares of the semiconductor company’s stock valued at $181,000 after acquiring an additional 113 shares in the last quarter. Angeles Investment Advisors LLC boosted its stake in Entegris by 4.1% in the third quarter. Angeles Investment Advisors LLC now owns 3,230 shares of the semiconductor company’s stock valued at $363,000 after acquiring an additional 127 shares in the last quarter. Huntington National Bank boosted its stake in Entegris by 41.0% in the third quarter. Huntington National Bank now owns 454 shares of the semiconductor company’s stock valued at $51,000 after acquiring an additional 132 shares in the last quarter. Finally, Equitable Trust Co. boosted its stake in Entegris by 2.2% in the third quarter. Equitable Trust Co. now owns 6,501 shares of the semiconductor company’s stock valued at $732,000 after acquiring an additional 138 shares in the last quarter.

Entegris Trading Up 2.7 %

Shares of Entegris stock opened at $103.90 on Thursday. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.92 and a quick ratio of 1.83. The firm has a fifty day moving average price of $103.24 and a 200 day moving average price of $107.33. Entegris, Inc. has a 1 year low of $94.92 and a 1 year high of $147.57. The stock has a market cap of $15.69 billion, a PE ratio of 68.81, a price-to-earnings-growth ratio of 1.38 and a beta of 1.24.

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

Entegris Announces Dividend

The company 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 $0.10 dividend. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a yield of 0.38%. Entegris’s payout ratio is 26.49%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ENTG. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. UBS Group decreased their price target on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Citigroup decreased their price target on shares of Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Mizuho decreased their price target on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Finally, Craig Hallum decreased their price target on shares of Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a 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 issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $134.50.

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).