Sumitomo Mitsui DS Asset Management Company Ltd Acquires 2,135 Shares of Entegris, Inc. (NASDAQ:ENTG)

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 10.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,897 shares of the semiconductor company’s stock after acquiring an additional 2,135 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Entegris were worth $2,624,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Entegris by 0.8% in the third quarter. Vanguard Group Inc. now owns 14,452,886 shares of the semiconductor company’s stock worth $1,357,271,000 after purchasing an additional 107,989 shares during the last quarter. WCM Investment Management LLC increased its holdings in shares of Entegris by 0.4% in the fourth quarter. WCM Investment Management LLC now owns 5,173,163 shares of the semiconductor company’s stock worth $628,177,000 after purchasing an additional 22,249 shares during the last quarter. London Co. of Virginia increased its holdings in shares of Entegris by 0.6% in the third quarter. London Co. of Virginia now owns 2,867,758 shares of the semiconductor company’s stock worth $269,311,000 after purchasing an additional 17,077 shares during the last quarter. Earnest Partners LLC increased its holdings in shares of Entegris by 1.6% in the third quarter. Earnest Partners LLC now owns 1,770,010 shares of the semiconductor company’s stock worth $166,222,000 after purchasing an additional 27,810 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Entegris by 16.1% in the third quarter. Invesco Ltd. now owns 1,271,148 shares of the semiconductor company’s stock worth $119,374,000 after purchasing an additional 176,029 shares during the last quarter.

Entegris Trading Up 1.7 %

ENTG opened at $126.17 on Wednesday. The stock has a market cap of $19.02 billion, a price-to-earnings ratio of 106.03 and a beta of 1.32. The stock’s 50 day moving average price is $136.04 and its 200-day moving average price is $117.73. Entegris, Inc. has a one year low of $69.37 and a one year high of $146.91. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.67 and a current ratio of 3.85.

Entegris (NASDAQ:ENTG) last released its earnings results on Tuesday, February 13th. The semiconductor company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. The firm had revenue of $812.30 million for the quarter, compared to analysts’ expectations of $780.95 million. Entegris had a return on equity of 12.00% and a net margin of 5.13%. The company’s quarterly revenue was down 14.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.83 earnings per share. On average, equities analysts forecast that Entegris, Inc. will post 3.27 EPS for the current year.

Entegris Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 1st will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, April 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.32%. Entegris’s dividend payout ratio is 33.61%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ENTG. KeyCorp lifted their target price on Entegris from $136.00 to $164.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Mizuho reissued a “neutral” rating and set a $140.00 price objective on shares of Entegris in a research note on Tuesday, February 20th. Wolfe Research assumed coverage on Entegris in a research note on Friday, March 1st. They set an “outperform” rating and a $160.00 price objective on the stock. BMO Capital Markets boosted their price objective on Entegris from $130.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th. Finally, StockNews.com cut Entegris from a “hold” rating to a “sell” rating in a research note on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $141.64.

Insider Activity

In related news, insider Daniel D. Woodland sold 9,000 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $139.50, for a total value of $1,255,500.00. Following the transaction, the insider now owns 32,730 shares of the company’s stock, valued at $4,565,835. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Daniel D. Woodland sold 9,000 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $139.50, for a total value of $1,255,500.00. Following the transaction, the insider now owns 32,730 shares of the company’s stock, valued at $4,565,835. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Michael Sauer sold 1,897 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total value of $251,428.38. Following the completion of the transaction, the chief accounting officer now directly owns 1,779 shares in the company, valued at approximately $235,788.66. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,082 shares of company stock valued at $5,606,849. 0.67% of the stock is currently owned by insiders.

Entegris Profile

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).