Mirae Asset Global Investments Co. Ltd. Has $20.70 Million Holdings in Entegris, Inc. (NASDAQ:ENTG)

Mirae Asset Global Investments Co. Ltd. cut its stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 10.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 203,392 shares of the semiconductor company's stock after selling 24,012 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.13% of Entegris worth $20,698,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in ENTG. Capital Performance Advisors LLP bought a new position in Entegris during the 3rd quarter valued at about $29,000. Blue Trust Inc. boosted its holdings in shares of Entegris by 221.3% in the 3rd quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company's stock worth $39,000 after acquiring an additional 239 shares in the last quarter. Fortitude Family Office LLC grew its position in Entegris by 195.7% during the 4th quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company's stock worth $41,000 after acquiring an additional 274 shares during the last quarter. Covestor Ltd raised its position in Entegris by 241.8% in the 3rd quarter. Covestor Ltd now owns 417 shares of the semiconductor company's stock valued at $47,000 after purchasing an additional 295 shares during the last quarter. Finally, Huntington National Bank boosted its stake in Entegris by 41.0% in the third quarter. Huntington National Bank now owns 454 shares of the semiconductor company's stock worth $51,000 after purchasing an additional 132 shares in the last quarter.

Entegris Trading Down 2.7 %

NASDAQ:ENTG traded down $3.01 during mid-day trading on Friday, hitting $106.52. The company had a trading volume of 2,403,691 shares, compared to its average volume of 2,516,464. The firm has a market cap of $16.08 billion, a P/E ratio of 55.19, a P/E/G ratio of 1.49 and a beta of 1.24. Entegris, Inc. has a fifty-two week low of $94.92 and a fifty-two week high of $147.57. The business's fifty day moving average is $103.35 and its two-hundred day moving average is $106.98. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.83 and a current ratio of 2.92.

Entegris (NASDAQ:ENTG - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.07. Entegris had a net margin of 9.03% and a return on equity of 13.00%. As a group, research analysts expect that Entegris, Inc. will post 3.63 earnings per share for the current year.

Entegris Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $0.40 annualized dividend and a yield of 0.38%. Entegris's dividend payout ratio is presently 20.73%.

Analyst Upgrades and Downgrades

ENTG has been the subject of a number of research analyst reports. KeyCorp cut their price target on Entegris from $150.00 to $141.00 and set an "overweight" rating for the company in a report on Friday. Citigroup decreased their price target on shares of Entegris from $130.00 to $123.00 and set a "buy" rating on the stock in a research note on Wednesday, November 6th. BMO Capital Markets dropped their price objective on shares of Entegris from $145.00 to $135.00 and set an "outperform" rating for the company in a research report on Tuesday, November 5th. UBS Group lowered their target price on Entegris from $130.00 to $115.00 and set a "neutral" rating for the company in a research note on Tuesday, November 5th. Finally, 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. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $130.60.

Entegris Company Profile

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).