Mitsubishi UFJ Trust & Banking Corp Sells 8,892 Shares of Entegris, Inc. (NASDAQ:ENTG)

Mitsubishi UFJ Trust & Banking Corp trimmed its position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 5.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 163,790 shares of the semiconductor company's stock after selling 8,892 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.11% of Entegris worth $16,225,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ENTG. Fortitude Family Office LLC grew its stake in Entegris by 195.7% in the fourth quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company's stock worth $41,000 after purchasing an additional 274 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Entegris in the 4th quarter worth about $42,000. Eagle Bay Advisors LLC increased its stake in shares of Entegris by 4,375.0% in the 4th quarter. Eagle Bay Advisors LLC now owns 716 shares of the semiconductor company's stock worth $71,000 after acquiring an additional 700 shares in the last quarter. Promus Capital LLC bought a new position in shares of Entegris in the 4th quarter worth about $71,000. Finally, Smartleaf Asset Management LLC lifted its position in Entegris by 27.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 731 shares of the semiconductor company's stock valued at $73,000 after acquiring an additional 158 shares during the period.

Insider Activity

In related news, SVP Olivier Blachier sold 984 shares of the business's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $108.00, for a total transaction of $106,272.00. Following the completion of the sale, the senior vice president now directly owns 10,903 shares in the company, valued at approximately $1,177,524. The trade was a 8.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Clinton M. Haris sold 12,652 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the completion of the transaction, the senior vice president now owns 34,820 shares in the company, valued at $3,722,954.40. The trade was a 26.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.67% of the company's stock.

Remove Ads

Entegris Stock Performance

NASDAQ ENTG traded down $0.36 during trading hours on Wednesday, hitting $85.85. The company's stock had a trading volume of 631,429 shares, compared to its average volume of 2,090,976. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.08 and a quick ratio of 1.86. The company has a market cap of $12.99 billion, a P/E ratio of 44.48, a price-to-earnings-growth ratio of 1.50 and a beta of 1.32. The company's 50 day simple moving average is $100.55 and its two-hundred day simple moving average is $103.83. Entegris, Inc. has a 12 month low of $83.98 and a 12 month high of $147.57.

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, beating the consensus estimate of $0.77 by $0.07. Entegris had a net margin of 9.03% and a return on equity of 12.83%. As a group, sell-side analysts expect that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.47%. Entegris's dividend payout ratio is currently 20.73%.

Analyst Ratings Changes

A number of brokerages have weighed in on ENTG. Mizuho decreased their target price on shares of Entegris from $125.00 to $120.00 and set an "outperform" rating for the company in a research note on Tuesday, January 7th. Needham & Company LLC reaffirmed a "buy" rating and set a $120.00 price objective on shares of Entegris in a research report on Friday, February 7th. KeyCorp dropped their target price on Entegris from $150.00 to $141.00 and set an "overweight" rating on the stock in a report on Friday, February 7th. Finally, StockNews.com lowered Entegris from a "hold" rating to a "sell" rating in a research report on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Entegris has an average rating of "Moderate Buy" and an average price target of $124.88.

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).