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

Sumitomo Mitsui Trust Group Inc. reduced its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 0.4% in the third quarter, HoldingsChannel.com reports. The firm owned 288,676 shares of the semiconductor company’s stock after selling 1,148 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Entegris were worth $32,485,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ENTG. Innealta Capital LLC acquired a new stake in shares of Entegris in the second quarter valued at $26,000. Summit Securities Group LLC bought a new position in shares of Entegris during the 2nd quarter valued at about $27,000. Quarry LP acquired a new position in shares of Entegris in the 2nd quarter worth approximately $27,000. Capital Performance Advisors LLP acquired a new stake in Entegris during the third quarter valued at approximately $29,000. Finally, Opal Wealth Advisors LLC bought a new stake in Entegris during the second quarter worth approximately $31,000.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Mizuho dropped their price target on Entegris from $143.00 to $125.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. Citigroup reduced their target price on 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 target on Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $150.00 price objective on shares of Entegris in a research 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 company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $135.40.

Entegris Trading Down 3.8 %

NASDAQ ENTG opened at $97.67 on Friday. The company has a market capitalization of $14.75 billion, a PE ratio of 64.68, a price-to-earnings-growth ratio of 1.71 and a beta of 1.24. Entegris, Inc. has a 1-year low of $94.92 and a 1-year high of $147.57. The company has a current ratio of 2.92, a quick ratio of 1.83 and a debt-to-equity ratio of 1.14. The firm’s fifty day simple moving average is $107.71 and its 200-day simple moving average is $119.60.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). The firm had revenue of $807.70 million for the quarter, compared to analysts’ expectations of $832.44 million. Entegris had a return on equity of 12.24% and a net margin of 7.13%. The firm’s revenue for the quarter was down 9.1% on a year-over-year basis. During the same period last year, the business earned $0.68 earnings per share. As a group, sell-side analysts anticipate that Entegris, Inc. will post 3.03 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend is Wednesday, October 30th. Entegris’s dividend payout ratio is 26.49%.

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).