Sumitomo Mitsui Trust Group Inc. Buys 12,314 Shares of Entegris, Inc. (NASDAQ:ENTG)

Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 4.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 300,990 shares of the semiconductor company’s stock after acquiring an additional 12,314 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Entegris were worth $29,816,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Vanderbilt University grew its stake in shares of Entegris by 10.5% during the fourth quarter. Vanderbilt University now owns 31,251 shares of the semiconductor company’s stock valued at $3,096,000 after purchasing an additional 2,974 shares during the last quarter. E. Ohman J or Asset Management AB lifted its holdings in Entegris by 24.2% in the fourth quarter. E. Ohman J or Asset Management AB now owns 8,070 shares of the semiconductor company’s stock valued at $799,000 after buying an additional 1,570 shares during the period. Trust Point Inc. acquired a new position in Entegris in the fourth quarter valued at approximately $449,000. Caprock Group LLC lifted its holdings in Entegris by 30.9% in the fourth quarter. Caprock Group LLC now owns 5,121 shares of the semiconductor company’s stock valued at $507,000 after buying an additional 1,209 shares during the period. Finally, Swedbank AB lifted 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 during the period.

Entegris Trading Down 0.9 %

ENTG opened at $105.74 on Wednesday. The firm’s fifty day moving average is $103.26 and its two-hundred day moving average is $106.59. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.83 and a current ratio of 2.92. The firm has a market cap of $15.97 billion, a PE ratio of 54.79, a price-to-earnings-growth ratio of 1.49 and a beta of 1.24. Entegris, Inc. has a twelve month low of $94.92 and a twelve month high of $147.57.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 EPS for the quarter, topping 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%. Equities research analysts anticipate that Entegris, Inc. will post 3.63 EPS for the current year.

Entegris Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th will be issued a dividend of $0.10 per share. 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 0.38%. Entegris’s payout ratio is 20.73%.

Wall Street Analyst Weigh In

ENTG has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Needham & Company LLC restated a “buy” rating and issued a $120.00 price objective on shares of Entegris in a report on Friday, February 7th. Mizuho cut their price objective on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. KeyCorp cut their price objective on shares of Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. Finally, Craig Hallum cut their target price on shares of Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $130.60.

Entegris Company 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).