Gryphon Financial Partners LLC lifted its stake in shares of Entegris Inc (NASDAQ:ENTG) by 225.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,389 shares of the semiconductor company’s stock after acquiring an additional 4,423 shares during the quarter. Gryphon Financial Partners LLC’s holdings in Entegris were worth $185,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of ENTG. First Hawaiian Bank bought a new position in shares of Entegris during the third quarter valued at approximately $137,000. Centaurus Financial Inc. bought a new position in shares of Entegris during the second quarter valued at approximately $170,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of Entegris during the second quarter valued at approximately $207,000. Signition LP bought a new position in shares of Entegris during the second quarter valued at approximately $207,000. Finally, Paloma Partners Management Co bought a new position in shares of Entegris during the second quarter valued at approximately $208,000. 94.33% of the stock is currently owned by institutional investors and hedge funds.
In other Entegris news, Director James Gentilcore sold 14,868 shares of the firm’s stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $33.92, for a total value of $504,322.56. Following the completion of the sale, the director now directly owns 4,090 shares in the company, valued at $138,732.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.20% of the stock is owned by company insiders.
Shares of ENTG opened at $26.77 on Friday. The company has a market capitalization of $3.93 billion, a price-to-earnings ratio of 15.20 and a beta of 1.43. Entegris Inc has a twelve month low of $23.39 and a twelve month high of $39.55. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.89 and a quick ratio of 2.64.
Entegris (NASDAQ:ENTG) last announced its earnings results on Thursday, October 25th. The semiconductor company reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.03). The firm had revenue of $398.60 million during the quarter, compared to analyst estimates of $401.79 million. Entegris had a net margin of 8.78% and a return on equity of 25.34%. On average, equities analysts predict that Entegris Inc will post 1.88 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 21st. Shareholders of record on Wednesday, October 31st will be paid a $0.07 dividend. The ex-dividend date is Tuesday, October 30th. This represents a $0.28 annualized dividend and a yield of 1.05%. Entegris’s dividend payout ratio (DPR) is 19.44%.
A number of research firms have recently issued reports on ENTG. BidaskClub upgraded shares of Entegris from a “hold” rating to a “buy” rating in a research note on Saturday, July 21st. ValuEngine upgraded shares of Entegris from a “hold” rating to a “buy” rating in a research note on Wednesday, July 18th. Loop Capital set a $46.00 price objective on shares of Entegris and gave the company a “buy” rating in a research note on Saturday, July 28th. Goldman Sachs Group downgraded shares of Entegris from a “conviction-buy” rating to a “buy” rating in a research note on Wednesday, September 12th. Finally, Zacks Investment Research downgraded shares of Entegris from a “buy” rating to a “hold” rating in a research note on Tuesday, September 18th. Three investment analysts have rated the stock with a sell rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $41.60.
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Entegris Company Profile
Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries worldwide. It operates through three segments: Specialty Chemicals and Engineered Materials (SCEM), Microcontamination Control (MC), and Advanced Materials Handling (AMH).
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