Entegris, Inc. (NASDAQ:ENTG) Shares Acquired by First Hawaiian Bank

First Hawaiian Bank boosted its stake in Entegris, Inc. (NASDAQ:ENTG) by 28.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,643 shares of the semiconductor company’s stock after acquiring an additional 3,463 shares during the period. First Hawaiian Bank’s holdings in Entegris were worth $1,550,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ENTG. Bridges Investment Management Inc. raised its stake in shares of Entegris by 3.6% during the third quarter. Bridges Investment Management Inc. now owns 2,829 shares of the semiconductor company’s stock worth $318,000 after purchasing an additional 98 shares during the last quarter. GAMMA Investing LLC raised its position in Entegris by 7.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,612 shares of the semiconductor company’s stock worth $181,000 after buying an additional 113 shares during the last quarter. Angeles Investment Advisors LLC boosted its holdings in shares of Entegris by 4.1% in the third quarter. Angeles Investment Advisors LLC now owns 3,230 shares of the semiconductor company’s stock valued at $363,000 after acquiring an additional 127 shares in the last quarter. Huntington National Bank increased its stake in shares of Entegris by 41.0% during the third quarter. Huntington National Bank now owns 454 shares of the semiconductor company’s stock worth $51,000 after acquiring an additional 132 shares during the period. Finally, National Bank of Canada FI raised its holdings in Entegris by 24.4% during the second quarter. National Bank of Canada FI now owns 704 shares of the semiconductor company’s stock worth $94,000 after purchasing an additional 138 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft lowered their price objective on Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Citigroup dropped their price objective on Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Craig Hallum reduced their target price on Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Mizuho lowered their price target on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Tuesday. Finally, KeyCorp reduced their price objective on shares of Entegris from $164.00 to $154.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $134.90.

Entegris Stock Performance

Shares of ENTG opened at $99.76 on Friday. The company has a 50-day moving average of $103.88 and a two-hundred day moving average of $112.22. The stock has a market cap of $15.06 billion, a P/E ratio of 66.07, a PEG ratio of 1.76 and a beta of 1.23. Entegris, Inc. has a 12-month low of $94.92 and a 12-month high of $147.57. The company has a current ratio of 2.92, a quick ratio of 1.83 and a debt-to-equity ratio of 1.14.

Entegris (NASDAQ:ENTG) last posted 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 during 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%. Entegris’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.68 EPS. As a group, research analysts predict that Entegris, Inc. will post 2.99 EPS for the current fiscal year.

Entegris Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors 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 yield of 0.40%. The ex-dividend date was Wednesday, October 30th. Entegris’s dividend payout ratio is presently 26.49%.

About Entegris

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).