Mirae Asset Global Investments Co. Ltd. Sells 1,948 Shares of Entegris, Inc. (NASDAQ:ENTG)

Mirae Asset Global Investments Co. Ltd. decreased its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 1.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 126,976 shares of the semiconductor company’s stock after selling 1,948 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.08% of Entegris worth $15,214,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in Entegris by 2.4% during the first quarter. BlackRock Inc. now owns 16,294,681 shares of the semiconductor company’s stock valued at $1,336,327,000 after buying an additional 386,767 shares during the last quarter. Vanguard Group Inc. increased its holdings in Entegris by 0.8% during the third quarter. Vanguard Group Inc. now owns 14,452,886 shares of the semiconductor company’s stock valued at $1,357,271,000 after buying an additional 107,989 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Entegris by 7.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,672,981 shares of the semiconductor company’s stock valued at $700,041,000 after buying an additional 748,491 shares during the last quarter. Sands Capital Management LLC increased its holdings in Entegris by 6.1% during the second quarter. Sands Capital Management LLC now owns 9,329,123 shares of the semiconductor company’s stock valued at $1,033,853,000 after buying an additional 536,532 shares during the last quarter. Finally, WCM Investment Management LLC increased its holdings in Entegris by 1.0% during the third quarter. WCM Investment Management LLC now owns 5,150,914 shares of the semiconductor company’s stock valued at $483,722,000 after buying an additional 53,011 shares during the last quarter.

Insider Buying and Selling

In other Entegris news, CAO Michael Sauer sold 1,897 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $132.54, for a total transaction of $251,428.38. Following the completion of the transaction, the chief accounting officer now owns 1,779 shares in the company, valued at $235,788.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Entegris news, SVP Susan G. Rice sold 17,518 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $135.86, for a total transaction of $2,379,995.48. Following the completion of the transaction, the senior vice president now owns 42,931 shares in the company, valued at $5,832,605.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Michael Sauer sold 1,897 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $132.54, for a total transaction of $251,428.38. Following the transaction, the chief accounting officer now owns 1,779 shares of the company’s stock, valued at approximately $235,788.66. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,082 shares of company stock worth $5,606,849. 0.67% of the stock is owned by insiders.

Entegris Price Performance

Shares of NASDAQ:ENTG opened at $136.05 on Thursday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.67 and a current ratio of 3.85. The firm has a fifty day moving average price of $134.72 and a 200 day moving average price of $115.23. Entegris, Inc. has a fifty-two week low of $69.37 and a fifty-two week high of $146.91. The firm has a market cap of $20.51 billion, a price-to-earnings ratio of 114.33 and a beta of 1.32.

Entegris (NASDAQ:ENTG) last issued its earnings results on Tuesday, February 13th. The semiconductor company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. Entegris had a net margin of 5.13% and a return on equity of 12.00%. The firm had revenue of $812.30 million during the quarter, compared to analyst estimates of $780.95 million. During the same quarter in the prior year, the business earned $0.83 earnings per share. Entegris’s revenue for the quarter was down 14.1% on a year-over-year basis. As a group, sell-side analysts expect that Entegris, Inc. will post 3.31 earnings per share for the current fiscal year.

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 21st. Investors of record on Wednesday, January 31st were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.29%. Entegris’s dividend payout ratio is 33.61%.

Wall Street Analysts Forecast Growth

ENTG has been the subject of a number of research reports. BMO Capital Markets upped their target price on shares of Entegris from $130.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Needham & Company LLC reissued a “buy” rating and issued a $150.00 price objective on shares of Entegris in a research note on Thursday, March 7th. UBS Group increased their price objective on shares of Entegris from $90.00 to $130.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. StockNews.com cut shares of Entegris from a “hold” rating to a “sell” rating in a research note on Thursday, February 22nd. Finally, Citigroup increased their price objective on shares of Entegris from $117.00 to $134.00 and gave the stock a “neutral” rating in a research note on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Entegris currently has an average rating of “Moderate Buy” and a consensus target price of $141.64.

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).