Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Entegris, Inc. (NASDAQ:ENTG – Free Report) by 8.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,071 shares of the semiconductor company’s stock after purchasing an additional 5,798 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Entegris were worth $6,075,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the stock. American Century Companies Inc. raised its stake in shares of Entegris by 11.1% in the 1st quarter. American Century Companies Inc. now owns 9,715 shares of the semiconductor company’s stock valued at $1,275,000 after buying an additional 974 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Entegris by 73.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,866 shares of the semiconductor company’s stock valued at $376,000 after buying an additional 1,213 shares in the last quarter. MetLife Investment Management LLC acquired a new position in shares of Entegris in the 1st quarter valued at $1,144,000. Great West Life Assurance Co. Can raised its stake in shares of Entegris by 43.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 48,049 shares of the semiconductor company’s stock valued at $6,657,000 after buying an additional 14,527 shares in the last quarter. Finally, Vontobel Holding Ltd. grew its holdings in shares of Entegris by 187.4% in the 1st quarter. Vontobel Holding Ltd. now owns 7,653 shares of the semiconductor company’s stock worth $1,037,000 after purchasing an additional 4,990 shares during the last quarter.
Analysts Set New Price Targets
ENTG has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of Entegris from $90.00 to $100.00 in a report on Thursday, May 11th. Loop Capital lowered their target price on shares of Entegris from $143.00 to $123.00 in a report on Monday, May 15th. StockNews.com raised shares of Entegris to a “sell” rating in a report on Friday, July 21st. Mizuho upped their target price on shares of Entegris from $98.00 to $113.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 target price on shares of Entegris in a report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $114.91.
Entegris Stock Down 3.7 %
Shares of NASDAQ ENTG opened at $96.22 on Friday. The firm has a market capitalization of $14.44 billion, a PE ratio of 160.37, a price-to-earnings-growth ratio of 4.39 and a beta of 1.24. The company has a current ratio of 4.59, a quick ratio of 3.45 and a debt-to-equity ratio of 1.64. Entegris, Inc. has a 1 year low of $61.75 and a 1 year high of $114.47. The firm’s 50-day moving average is $106.81 and its 200-day moving average is $91.47.
Entegris (NASDAQ:ENTG – Get Free Report) last issued its earnings results on Thursday, August 3rd. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.09. The company had revenue of $901.00 million for the quarter, compared to analyst estimates of $886.80 million. Entegris had a net margin of 2.48% and a return on equity of 13.99%. The company’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.00 EPS. Equities analysts expect that Entegris, Inc. will post 2.59 EPS for the current year.
Entegris Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 2nd will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.42%. The ex-dividend date of this dividend is Tuesday, August 1st. Entegris’s dividend payout ratio (DPR) is presently 66.67%.
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 four segments: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); The Advanced Planarization Solutions (APS); and Advanced Materials Handling (AMH).
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