Entegris, Inc. (NASDAQ:ENTG) Stock Position Raised by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. boosted its position in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 4.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 300,990 shares of the semiconductor company's stock after purchasing an additional 12,314 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.20% of Entegris worth $29,816,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its holdings 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 valued at $119,936,000 after buying an additional 14,650 shares in the last quarter. Synovus Financial Corp increased its holdings in Entegris by 102.3% in the third quarter. Synovus Financial Corp now owns 38,253 shares of the semiconductor company's stock valued at $4,305,000 after buying an additional 19,340 shares in the last quarter. Argent Capital Management LLC increased its holdings in Entegris by 9.9% in the fourth quarter. Argent Capital Management LLC now owns 31,066 shares of the semiconductor company's stock valued at $3,077,000 after buying an additional 2,793 shares in the last quarter. Swedbank AB increased its holdings in Entegris by 47.7% in the fourth quarter. Swedbank AB now owns 1,550,942 shares of the semiconductor company's stock valued at $153,636,000 after buying an additional 500,581 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in Entegris in the third quarter valued at about $1,158,000.

Entegris Trading Down 1.6 %

ENTG stock traded down $1.73 during midday trading on Friday, hitting $107.12. The stock had a trading volume of 1,709,676 shares, compared to its average volume of 2,516,464. The firm has a market cap of $16.18 billion, a PE ratio of 55.50, a price-to-earnings-growth ratio of 1.49 and a beta of 1.24. The company's 50-day moving average price is $103.20 and its 200 day moving average price is $106.36. Entegris, Inc. has a 12-month low of $94.92 and a 12-month high of $147.57. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.92 and a quick ratio of 1.83.

Entegris (NASDAQ:ENTG - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates of $0.77 by $0.07. Entegris had a net margin of 9.03% and a return on equity of 13.00%. On average, equities research analysts predict that Entegris, Inc. will post 3.63 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.37%. Entegris's dividend payout ratio (DPR) is presently 20.73%.

Analyst Ratings Changes

ENTG has been the subject of a number of research analyst reports. Citigroup dropped their target price on shares of Entegris from $130.00 to $123.00 and set a "buy" rating for the company in a report 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 note on Tuesday, November 5th. UBS Group dropped their price objective on shares of Entegris from $130.00 to $115.00 and set a "neutral" rating for the company in a research note on Tuesday, November 5th. KeyCorp dropped their price objective on shares of Entegris from $150.00 to $141.00 and set an "overweight" rating for the company in a research note on Friday, February 7th. Finally, Needham & Company LLC reissued a "buy" rating and set a $120.00 price objective on shares of Entegris in a research note on Friday, February 7th. One 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, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $130.60.

Insider Activity at Entegris

In related news, SVP Clinton M. Haris sold 12,652 shares of Entegris stock in a transaction on Monday, February 10th. The shares were sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the transaction, the senior vice president now owns 34,820 shares in the company, valued at approximately $3,722,954.40. The trade was a 26.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.67% of the company's stock.

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).