Port Capital LLC Acquires Shares of 60,680 Entegris Inc (ENTG)

Port Capital LLC acquired a new position in shares of Entegris Inc (NASDAQ:ENTG) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 60,680 shares of the semiconductor company’s stock, valued at approximately $1,757,000.

Other hedge funds have also recently modified their holdings of the company. First Interstate Bank lifted its position in Entegris by 82.2% in the third quarter. First Interstate Bank now owns 4,465 shares of the semiconductor company’s stock valued at $129,000 after purchasing an additional 2,015 shares during the period. First Hawaiian Bank acquired a new stake in Entegris in the third quarter valued at about $137,000. Centaurus Financial Inc. acquired a new stake in Entegris in the second quarter valued at about $170,000. Signition LP acquired a new stake in Entegris in the second quarter valued at about $207,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in Entegris in the second quarter valued at about $207,000. 95.61% of the stock is currently owned by institutional investors.

ENTG stock opened at $27.66 on Friday. Entegris Inc has a 12-month low of $23.39 and a 12-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. The company has a market cap of $4.04 billion, a PE ratio of 19.21 and a beta of 1.44.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Thursday, October 25th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.03). Entegris had a net margin of 8.78% and a return on equity of 25.34%. The company had revenue of $398.60 million for the quarter, compared to analyst estimates of $401.79 million. On average, analysts forecast that Entegris Inc will post 1.88 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 21st. Stockholders of record on Wednesday, October 31st were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, October 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.01%. Entegris’s payout ratio is 19.44%.

A number of equities research analysts recently commented on the stock. BidaskClub downgraded shares of Entegris from a “hold” rating to a “sell” rating in a research report on Wednesday, August 15th. Goldman Sachs Group downgraded shares of Entegris from a “conviction-buy” rating to a “buy” rating in a research report on Wednesday, September 12th. ValuEngine downgraded shares of Entegris from a “hold” rating to a “sell” rating in a research report on Tuesday, September 18th. Zacks Investment Research downgraded shares of Entegris from a “buy” rating to a “hold” rating in a research report on Tuesday, September 18th. Finally, Deutsche Bank upgraded shares of Entegris from a “hold” rating to a “buy” rating and reduced their price target for the company from $40.00 to $38.00 in a research report on Monday, October 1st. Three investment analysts have rated the stock with a sell rating and ten have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $41.60.

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About Entegris

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).

Further Reading: Consumer Price Index (CPI)

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Institutional Ownership by Quarter for Entegris (NASDAQ:ENTG)

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