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

Raymond James Trust N.A. raised its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 17.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,135 shares of the semiconductor company’s stock after acquiring 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 large investors have also made changes to their positions in ENTG. Assenagon Asset Management S.A. boosted its position in shares of Entegris by 1,076.3% during the third quarter. Assenagon Asset Management S.A. now owns 923,332 shares of the semiconductor company’s stock worth $103,903,000 after acquiring an additional 844,837 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of 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 purchasing an additional 781,955 shares during the last quarter. Swedbank AB grew its position in shares of Entegris by 249.7% during the third quarter. Swedbank AB now owns 1,050,361 shares of the semiconductor company’s stock valued at $118,197,000 after purchasing an additional 750,000 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Entegris in the second quarter worth about $42,087,000. Finally, American Century Companies Inc. lifted its position in shares of Entegris by 20.2% in the second quarter. American Century Companies Inc. now owns 1,523,824 shares of the semiconductor company’s stock worth $206,326,000 after buying an additional 256,186 shares in the last quarter.

Analyst Ratings Changes

ENTG has been the topic of a number of research reports. UBS Group reduced their price objective on Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Craig Hallum decreased 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. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. KeyCorp decreased their target price on shares of Entegris from $164.00 to $154.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. Finally, BMO Capital Markets reduced their price objective on Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $135.40.

Entegris Price Performance

Shares of ENTG stock opened at $104.96 on Friday. The stock has a 50 day moving average price of $106.83 and a 200 day moving average price of $118.13. Entegris, Inc. has a 52-week low of $94.92 and a 52-week high of $147.57. 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 firm has a market capitalization of $15.85 billion, a P/E ratio of 69.51, a P/E/G ratio of 1.78 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 analysts’ consensus estimates of $0.78 by ($0.01). The company had revenue of $807.70 million for the quarter, compared to analysts’ expectations of $832.44 million. Entegris had a net margin of 7.13% and a return on equity of 12.24%. The firm’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.68 earnings per share. As a group, sell-side analysts predict that Entegris, Inc. will post 2.99 earnings per share for the current year.

Entegris Dividend Announcement

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

Entegris Company 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).