Raymond James Trust N.A. Acquires 318 Shares of Entegris, Inc. (NASDAQ:ENTG)

Raymond James Trust N.A. grew its holdings in Entegris, Inc. (NASDAQ:ENTG) by 17.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 2,135 shares of the semiconductor company’s stock after buying an additional 318 shares during the quarter. Raymond James Trust N.A.’s holdings in Entegris were worth $240,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Innealta Capital LLC bought a new stake in Entegris during the second quarter valued at about $26,000. Summit Securities Group LLC bought a new stake in shares of Entegris in the 2nd quarter valued at about $27,000. Quarry LP purchased a new position in shares of Entegris in the 2nd quarter worth approximately $27,000. Capital Performance Advisors LLP bought a new position in shares of Entegris during the 3rd quarter worth approximately $29,000. Finally, Opal Wealth Advisors LLC purchased a new stake in Entegris during the second quarter valued at approximately $31,000.

Entegris Trading Down 0.5 %

NASDAQ ENTG opened at $104.96 on Friday. Entegris, Inc. has a 1 year low of $94.92 and a 1 year high of $147.57. 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 company has a market capitalization of $15.85 billion, a PE ratio of 69.51, a P/E/G ratio of 1.78 and a beta of 1.24. The company has a fifty day moving average of $106.83 and a 200 day moving average of $118.13.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings data 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). The company had revenue of $807.70 million during the quarter, compared to analyst estimates of $832.44 million. Entegris had a net margin of 7.13% and a return on equity of 12.24%. The business’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same period last year, the firm earned $0.68 EPS. Research analysts forecast that Entegris, Inc. will post 2.99 earnings per share for the current year.

Entegris Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, October 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. Entegris’s payout ratio is 26.49%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ENTG. Citigroup reduced their price target on Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. KeyCorp lowered their price target on Entegris from $164.00 to $154.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. BMO Capital Markets lowered 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. Finally, Craig Hallum cut their price target on shares of Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. One investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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).