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

Trust Point Inc. purchased a new position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 4,530 shares of the semiconductor company's stock, valued at approximately $449,000.

A number of other institutional investors and hedge funds have also modified their holdings of ENTG. Bridges Investment Management Inc. grew its holdings in shares of Entegris by 3.6% in the 3rd quarter. Bridges Investment Management Inc. now owns 2,829 shares of the semiconductor company's stock valued at $318,000 after buying an additional 98 shares during the period. GAMMA Investing LLC grew 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 during the period. Angeles Investment Advisors LLC increased its holdings in shares of Entegris by 4.1% in the third quarter. Angeles Investment Advisors LLC now owns 3,230 shares of the semiconductor company's stock worth $363,000 after acquiring an additional 127 shares in the last quarter. Huntington National Bank raised its position in shares of Entegris by 41.0% during the third quarter. Huntington National Bank now owns 454 shares of the semiconductor company's stock worth $51,000 after purchasing an additional 132 shares during the period. Finally, Equitable Trust Co. lifted its holdings in shares of Entegris by 2.2% during the 3rd quarter. Equitable Trust Co. now owns 6,501 shares of the semiconductor company's stock valued at $732,000 after purchasing an additional 138 shares in the last quarter.

Entegris Stock Up 5.4 %

Shares of Entegris stock traded up $5.63 on Thursday, reaching $109.53. 3,143,069 shares of the company were exchanged, compared to its average volume of 2,457,106. The company has a market capitalization of $16.54 billion, a price-to-earnings ratio of 72.54, a PEG ratio of 1.38 and a beta of 1.24. The company has a current ratio of 2.92, a quick ratio of 1.83 and a debt-to-equity ratio of 1.14. Entegris, Inc. has a one year low of $94.92 and a one year high of $147.57. The company has a 50-day moving average of $103.24 and a 200 day moving average of $107.33.

Entegris (NASDAQ:ENTG - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.07. Entegris had a net margin of 7.13% and a return on equity of 12.24%. On average, equities research analysts forecast that Entegris, Inc. will post 2.94 earnings per share for the current year.

Entegris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th will be paid a $0.10 dividend. 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 26.49%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Citigroup lowered their target price on Entegris from $130.00 to $123.00 and set a "buy" rating for the company in a research note on Wednesday, November 6th. UBS Group dropped their price objective on shares of Entegris from $130.00 to $115.00 and set a "neutral" rating on the stock in a report on Tuesday, November 5th. BMO Capital Markets reduced 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. Craig Hallum dropped their price target on Entegris from $150.00 to $130.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. Finally, Mizuho reduced their price objective on Entegris from $125.00 to $120.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Entegris currently has a consensus rating of "Moderate Buy" and an average price target 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).