Dai ichi Life Insurance Company Ltd reduced its stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 81.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,246 shares of the semiconductor company's stock after selling 14,000 shares during the quarter. Dai ichi Life Insurance Company Ltd's holdings in Entegris were worth $365,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Diversified Trust Co acquired a new position in Entegris during the 2nd quarter worth $851,000. Cetera Investment Advisers grew its position in shares of Entegris by 128.0% during the first quarter. Cetera Investment Advisers now owns 20,387 shares of the semiconductor company's stock worth $2,865,000 after buying an additional 11,444 shares in the last quarter. Swedbank AB increased its stake in shares of Entegris by 520.3% during the second quarter. Swedbank AB now owns 300,361 shares of the semiconductor company's stock worth $40,669,000 after buying an additional 251,938 shares during the period. SG Americas Securities LLC raised its holdings in Entegris by 124.6% in the second quarter. SG Americas Securities LLC now owns 14,563 shares of the semiconductor company's stock valued at $1,972,000 after acquiring an additional 8,079 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Entegris by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,065,812 shares of the semiconductor company's stock worth $119,936,000 after acquiring an additional 14,650 shares during the last quarter.
Analyst Ratings Changes
A number of brokerages have recently weighed in on ENTG. Needham & Company LLC restated a "buy" rating and issued a $150.00 price objective on shares of Entegris in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft cut their price target on Entegris from $145.00 to $115.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. Mizuho lowered their price objective on Entegris from $143.00 to $125.00 and set an "outperform" rating for the company in a research report on Tuesday, November 5th. Citigroup cut their target price on Entegris from $130.00 to $123.00 and set a "buy" rating on the stock in a research report on Wednesday, November 6th. Finally, KeyCorp dropped their price objective on Entegris from $164.00 to $154.00 and set an "overweight" rating on the stock in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, Entegris presently has an average rating of "Moderate Buy" and a consensus price target of $135.40.
Check Out Our Latest Report on Entegris
Entegris Trading Up 0.6 %
ENTG stock traded up $0.67 on Friday, hitting $105.63. 1,077,530 shares of the company were exchanged, compared to its average volume of 1,711,262. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.92 and a quick ratio of 1.83. The stock has a market capitalization of $15.95 billion, a price-to-earnings ratio of 70.90, a price-to-earnings-growth ratio of 1.73 and a beta of 1.24. The business's fifty day moving average is $106.62 and its two-hundred day moving average is $118.04. Entegris, Inc. has a twelve month low of $94.92 and a twelve month high of $147.57.
Entegris (NASDAQ:ENTG - Get Free Report) last announced its earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.01). Entegris had a net margin of 7.13% and a return on equity of 12.24%. The firm had revenue of $807.70 million during the quarter, compared to analysts' expectations of $832.44 million. During the same quarter last year, the company posted $0.68 earnings per share. Entegris's revenue for the quarter was down 9.1% compared to the same quarter last year. As a group, research analysts forecast that Entegris, Inc. will post 2.99 earnings per share for the current year.
Entegris Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders 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 dividend yield of 0.38%. The ex-dividend date of this dividend was Wednesday, October 30th. Entegris's payout ratio is 26.49%.
Entegris Profile
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Free Report)
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).
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