Connable Office Inc. Boosts Position in Entegris Inc (ENTG)

Connable Office Inc. increased its stake in Entegris Inc (NASDAQ:ENTG) by 597.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 70,649 shares of the semiconductor company’s stock after purchasing an additional 60,513 shares during the quarter. Connable Office Inc.’s holdings in Entegris were worth $2,045,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of ENTG. First Hawaiian Bank bought a new stake in shares of Entegris in the 3rd quarter worth approximately $137,000. Centaurus Financial Inc. bought a new stake in shares of Entegris in the 2nd quarter worth approximately $170,000. Signition LP bought a new stake in Entegris during the 2nd quarter valued at $207,000. Raymond James Financial Services Advisors Inc. bought a new stake in Entegris during the 2nd quarter valued at $207,000. Finally, Paloma Partners Management Co bought a new stake in Entegris during the 2nd quarter valued at $208,000. 94.33% of the stock is currently owned by institutional investors.

NASDAQ ENTG opened at $27.69 on Friday. The company has a quick ratio of 2.64, a current ratio of 3.89 and a debt-to-equity ratio of 0.60. Entegris Inc has a 12-month low of $23.39 and a 12-month high of $39.55. The stock has a market cap of $3.87 billion, a price-to-earnings ratio of 14.95 and a beta of 1.43.

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 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 business had revenue of $398.60 million for the quarter, compared to analysts’ expectations of $401.79 million. Sell-side analysts predict that Entegris Inc will post 1.88 earnings per share for the current fiscal year.

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

In other Entegris news, Director James Gentilcore sold 14,868 shares of the company’s stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $33.92, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.20% of the company’s stock.

A number of brokerages have issued reports on ENTG. BidaskClub cut shares of Entegris from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 9th. Goldman Sachs Group lowered shares of Entegris from a “conviction-buy” rating to a “buy” rating in a research report on Wednesday, September 12th. Zacks Investment Research lowered shares of Entegris from a “buy” rating to a “hold” rating in a research report on Tuesday, September 18th. ValuEngine lowered shares of Entegris from a “hold” rating to a “sell” 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 cut their target price for the stock from $40.00 to $38.00 in a research report on Monday, October 1st. Three equities research analysts have rated the stock with a sell rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $41.60.

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Entegris 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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Institutional Ownership by Quarter for Entegris (NASDAQ:ENTG)

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