Mirae Asset Global Investments Co. Ltd. Decreases Stock Position in Entegris, Inc. $ENTG

Mirae Asset Global Investments Co. Ltd. lowered its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 27.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 167,302 shares of the semiconductor company’s stock after selling 63,282 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.11% of Entegris worth $15,469,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its position in Entegris by 16.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,234 shares of the semiconductor company’s stock valued at $627,000 after purchasing an additional 1,046 shares during the last quarter. Hilltop National Bank acquired a new position in shares of Entegris during the 2nd quarter valued at $95,000. Phraction Management LLC raised its position in Entegris by 32.7% in the second quarter. Phraction Management LLC now owns 90,969 shares of the semiconductor company’s stock worth $7,337,000 after acquiring an additional 22,435 shares in the last quarter. DAVENPORT & Co LLC raised its holdings in shares of Entegris by 1.3% in the 2nd quarter. DAVENPORT & Co LLC now owns 8,450 shares of the semiconductor company’s stock worth $681,000 after purchasing an additional 110 shares in the last quarter. Finally, Fenimore Asset Management Inc increased its holdings in shares of Entegris by 5.1% in the second quarter. Fenimore Asset Management Inc now owns 547,883 shares of the semiconductor company’s stock valued at $44,187,000 after buying an additional 26,806 shares in the last quarter.

Entegris Stock Down 3.8%

Shares of NASDAQ ENTG opened at $118.07 on Friday. The company has a market cap of $17.90 billion, a price-to-earnings ratio of 62.47 and a beta of 1.31. The company has a current ratio of 3.44, a quick ratio of 2.13 and a debt-to-equity ratio of 0.99. The stock has a 50-day moving average price of $95.29 and a two-hundred day moving average price of $89.33. Entegris, Inc. has a 12 month low of $60.75 and a 12 month high of $124.00.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings results on Thursday, October 30th. The semiconductor company reported $0.72 EPS for the quarter, hitting analysts’ consensus estimates of $0.72. Entegris had a net margin of 8.95% and a return on equity of 11.61%. The company had revenue of $807.10 million for the quarter, compared to analyst estimates of $804.63 million. During the same quarter in the previous year, the business earned $0.77 earnings per share. Entegris’s revenue was down .1% compared to the same quarter last year. As a group, analysts forecast that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 18th. Stockholders of record on Wednesday, January 28th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, January 28th. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. Entegris’s dividend payout ratio is 21.16%.

Insider Transactions at Entegris

In other Entegris news, Director James P. Lederer sold 2,008 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $92.84, for a total transaction of $186,422.72. Following the sale, the director directly owned 20,434 shares of the company’s stock, valued at $1,897,092.56. This represents a 8.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Joseph Colella sold 3,577 shares of the business’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $88.41, for a total value of $316,242.57. Following the sale, the senior vice president owned 34,364 shares in the company, valued at approximately $3,038,121.24. The trade was a 9.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 69,473 shares of company stock worth $5,666,033. Company insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ENTG shares. Citigroup lifted their target price on shares of Entegris from $100.00 to $145.00 and gave the company a “buy” rating in a research note on Monday. Mizuho cut their price target on shares of Entegris from $108.00 to $96.00 and set an “outperform” rating for the company in a report on Thursday, November 20th. Zacks Research raised Entegris from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 30th. The Goldman Sachs Group cut shares of Entegris from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $88.00 to $75.00 in a report on Monday, December 15th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Entegris in a research report on Monday, December 29th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $111.00.

About Entegris

Entegris, Inc is a leading provider of advanced materials and process control solutions for the semiconductor and other high-technology industries. The company develops and supplies a broad portfolio of products designed to ensure purity and reliability throughout the manufacturing process, helping customers address critical contamination and yield challenges.

Entegris’s product offerings include high-purity chemicals and specialty materials, liquid and gas filtration and purification systems, and sophisticated wafer and chip handling solutions.