Mirae Asset Global Investments Co. Ltd. cut its position in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 5.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 227,404 shares of the semiconductor company's stock after selling 12,082 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.15% of Entegris worth $26,120,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of ENTG. CANADA LIFE ASSURANCE Co raised its holdings in shares of Entegris by 161.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 107,677 shares of the semiconductor company's stock valued at $15,135,000 after purchasing an additional 66,437 shares during the last quarter. BNP Paribas purchased a new position in shares of Entegris during the first quarter valued at approximately $1,647,000. Diversified Trust Co purchased a new position in shares of Entegris during the second quarter valued at approximately $851,000. Cetera Investment Advisers raised its holdings 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 valued at $2,865,000 after purchasing an additional 11,444 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Entegris by 272.2% during the first quarter. SG Americas Securities LLC now owns 6,484 shares of the semiconductor company's stock valued at $911,000 after purchasing an additional 4,742 shares during the last quarter.
Entegris Price Performance
Shares of ENTG traded up $1.35 during mid-day trading on Friday, reaching $105.01. The stock had a trading volume of 1,734,232 shares, compared to its average volume of 1,846,636. The firm has a market cap of $15.85 billion, a price-to-earnings ratio of 86.07, a PEG ratio of 1.39 and a beta of 1.24. Entegris, Inc. has a 12 month low of $84.13 and a 12 month high of $147.57. The business has a fifty day moving average of $110.10 and a 200 day moving average of $122.20. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.14 and a current ratio of 3.58.
Entegris (NASDAQ:ENTG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share for the quarter, topping analysts' consensus estimates of $0.70 by $0.01. The business had revenue of $812.60 million during the quarter, compared to analyst estimates of $802.43 million. Entegris had a net margin of 5.61% and a return on equity of 12.03%. The company's revenue was down 9.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.66 earnings per share. Equities analysts predict that Entegris, Inc. will post 3.13 EPS for the current year.
Entegris Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, October 30th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. Entegris's dividend payout ratio is 32.79%.
Wall Street Analyst Weigh In
ENTG has been the subject of several research reports. BMO Capital Markets decreased their price objective on shares of Entegris from $160.00 to $145.00 and set an "outperform" rating for the company in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Entegris from $160.00 to $145.00 and set a "buy" rating for the company in a report on Thursday, August 1st. Citigroup raised shares of Entegris from a "neutral" rating to a "buy" rating and upped their target price for the company from $119.00 to $130.00 in a report on Monday, September 16th. Needham & Company LLC reaffirmed a "buy" rating and set a $150.00 target price on shares of Entegris in a report on Thursday, August 1st. Finally, Mizuho raised shares of Entegris from a "neutral" rating to an "outperform" rating and set a $143.00 target price for the company in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Entegris currently has an average rating of "Moderate Buy" and an average target price of $146.40.
Check Out Our Latest Stock Analysis on ENTG
About Entegris
(
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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