Raymond James Financial Services Advisors Inc. Purchases 1,057 Shares of Entegris, Inc. (NASDAQ:ENTG)

Raymond James Financial Services Advisors Inc. raised its position in shares of Entegris, Inc. (NASDAQ:ENTGGet Rating) by 13.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,701 shares of the semiconductor company’s stock after purchasing an additional 1,057 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Entegris were worth $722,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ENTG. Sands Capital Management LLC grew its position in Entegris by 6.9% during the second quarter. Sands Capital Management LLC now owns 4,754,208 shares of the semiconductor company’s stock valued at $438,005,000 after buying an additional 306,062 shares during the period. WCM Investment Management LLC increased its stake in shares of Entegris by 13.4% in the 3rd quarter. WCM Investment Management LLC now owns 3,210,513 shares of the semiconductor company’s stock worth $282,044,000 after purchasing an additional 378,506 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Entegris by 2.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,742,612 shares of the semiconductor company’s stock worth $252,677,000 after purchasing an additional 69,028 shares in the last quarter. State Street Corp lifted its position in Entegris by 0.8% during the first quarter. State Street Corp now owns 2,712,050 shares of the semiconductor company’s stock valued at $355,984,000 after purchasing an additional 20,844 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Entegris by 18.5% during the second quarter. Goldman Sachs Group Inc. now owns 2,436,861 shares of the semiconductor company’s stock valued at $224,508,000 after purchasing an additional 381,204 shares during the period. Hedge funds and other institutional investors own 98.21% of the company’s stock.

Entegris Trading Up 7.4 %

Shares of ENTG stock opened at $84.33 on Tuesday. The company has a current ratio of 2.64, a quick ratio of 1.66 and a debt-to-equity ratio of 1.81. The stock has a market capitalization of $12.57 billion, a price-to-earnings ratio of 41.75 and a beta of 1.23. Entegris, Inc. has a 12-month low of $61.75 and a 12-month high of $141.82. The stock’s 50-day moving average price is $72.03 and its 200-day moving average price is $84.21.

Entegris (NASDAQ:ENTGGet Rating) last released its quarterly earnings data on Wednesday, November 2nd. The semiconductor company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.13). The firm had revenue of $993.83 million during the quarter, compared to the consensus estimate of $1.01 billion. Entegris had a return on equity of 25.30% and a net margin of 9.08%. Equities research analysts predict that Entegris, Inc. will post 3.7 EPS for the current fiscal year.

Entegris Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 22nd. Shareholders of record on Wednesday, February 1st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, January 31st. This represents a $0.40 annualized dividend and a yield of 0.47%. Entegris’s dividend payout ratio (DPR) is currently 19.80%.

Analyst Ratings Changes

A number of research firms have recently weighed in on ENTG. Seaport Res Ptn cut Entegris from a “buy” rating to a “neutral” rating in a research report on Thursday, October 13th. StockNews.com initiated coverage on shares of Entegris in a research report on Wednesday, October 12th. They issued a “sell” rating for the company. Craig Hallum decreased their price objective on shares of Entegris from $120.00 to $102.00 in a research report on Thursday, November 3rd. KeyCorp dropped their target price on shares of Entegris from $95.00 to $93.00 and set an “overweight” rating for the company in a report on Thursday, January 12th. Finally, Needham & Company LLC started coverage on Entegris in a report on Tuesday, January 3rd. They set a “buy” rating and a $86.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $107.60.

Entegris Company Profile

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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: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); and Advanced Materials Handling (AMH).

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Institutional Ownership by Quarter for Entegris (NASDAQ:ENTG)

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