Daiwa Securities Group Inc. Acquires 462 Shares of Entegris, Inc. (NASDAQ:ENTG)

Daiwa Securities Group Inc. raised its holdings in Entegris, Inc. (NASDAQ:ENTG) by 3.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,379 shares of the semiconductor company’s stock after purchasing an additional 462 shares during the period. Daiwa Securities Group Inc.’s holdings in Entegris were worth $1,483,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ENTG. Legacy Financial Group LLC acquired a new position in shares of Entegris in the 3rd quarter valued at approximately $30,000. Quent Capital LLC raised its position in shares of Entegris by 59.1% in the 4th quarter. Quent Capital LLC now owns 366 shares of the semiconductor company’s stock valued at $44,000 after buying an additional 136 shares in the last quarter. Arlington Trust Co LLC acquired a new position in shares of Entegris in the 4th quarter valued at approximately $46,000. NBC Securities Inc. acquired a new position in shares of Entegris in the 3rd quarter valued at approximately $135,000. Finally, Signaturefd LLC raised its position in shares of Entegris by 32.6% in the 3rd quarter. Signaturefd LLC now owns 1,501 shares of the semiconductor company’s stock valued at $141,000 after buying an additional 369 shares in the last quarter.

Analysts Set New Price Targets

ENTG has been the subject of several analyst reports. Needham & Company LLC restated a “buy” rating and issued a $150.00 target price on shares of Entegris in a research report on Thursday, March 7th. BMO Capital Markets upped their price objective on shares of Entegris from $130.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. StockNews.com cut shares of Entegris from a “hold” rating to a “sell” rating in a research report on Thursday, February 22nd. Wolfe Research assumed coverage on shares of Entegris in a research report on Friday, March 1st. They set an “outperform” rating and a $160.00 price objective for the company. Finally, Craig Hallum upgraded shares of Entegris from a “hold” rating to a “buy” rating and set a $150.00 price objective for the company in a research report on Thursday, February 15th. 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $141.64.

Insider Activity

In other news, SVP Susan G. Rice sold 17,518 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $135.86, for a total value of $2,379,995.48. Following the sale, the senior vice president now directly owns 42,931 shares of the company’s stock, valued at approximately $5,832,605.66. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CAO Michael Sauer sold 1,897 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $132.54, for a total value of $251,428.38. Following the sale, the chief accounting officer now directly owns 1,779 shares of the company’s stock, valued at approximately $235,788.66. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Susan G. Rice sold 17,518 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $135.86, for a total transaction of $2,379,995.48. Following the transaction, the senior vice president now directly owns 42,931 shares in the company, valued at $5,832,605.66. The disclosure for this sale can be found here. In the last three months, 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 Trading Up 1.7 %

Shares of NASDAQ ENTG opened at $126.17 on Wednesday. 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, Inc. has a 52-week low of $69.37 and a 52-week high of $146.91. The firm has a 50 day moving average price of $136.04 and a two-hundred day moving average price of $117.73. The stock has a market cap of $19.02 billion, a P/E ratio of 106.03 and a beta of 1.32.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Tuesday, February 13th. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $780.95 million. During the same period in the prior year, the company posted $0.83 EPS. The company’s revenue was down 14.1% on a year-over-year basis. As a group, equities analysts forecast that Entegris, Inc. will post 3.31 EPS for the current year.

Entegris Dividend Announcement

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

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).