Entegris, Inc. (NASDAQ:ENTG) Stake Lowered by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. trimmed its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 5.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,511 shares of the semiconductor company’s stock after selling 429 shares during the period. Sumitomo Life Insurance Co.’s holdings in Entegris were worth $744,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC raised its stake in shares of Entegris by 19.3% during the 2nd quarter. AQR Capital Management LLC now owns 2,999 shares of the semiconductor company’s stock worth $406,000 after purchasing an additional 486 shares in the last quarter. Mackenzie Financial Corp raised its position in Entegris by 2.8% during the second quarter. Mackenzie Financial Corp now owns 7,265 shares of the semiconductor company’s stock valued at $984,000 after acquiring an additional 197 shares in the last quarter. Quarry LP acquired a new stake in Entegris in the second quarter valued at approximately $27,000. Cetera Investment Advisers grew its position in Entegris by 2.2% in the second quarter. Cetera Investment Advisers now owns 20,842 shares of the semiconductor company’s stock worth $2,822,000 after acquiring an additional 455 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of Entegris during the 2nd quarter worth $1,416,000.

Entegris Trading Up 0.7 %

Shares of ENTG stock opened at $98.00 on Thursday. The firm has a market capitalization of $14.80 billion, a P/E ratio of 64.90, a price-to-earnings-growth ratio of 1.46 and a beta of 1.24. Entegris, Inc. has a 1 year low of $94.92 and a 1 year high of $147.57. The firm’s fifty day simple moving average is $103.70 and its 200 day simple moving average is $108.55. The company has a current ratio of 2.92, a quick ratio of 1.83 and a debt-to-equity ratio of 1.14.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). Entegris had a net margin of 7.13% and a return on equity of 12.24%. The company had revenue of $807.70 million for the quarter, compared to analyst estimates of $832.44 million. During the same period in the prior year, the company posted $0.68 EPS. The firm’s quarterly revenue was down 9.1% on a year-over-year basis. As a group, sell-side analysts predict that Entegris, Inc. will post 2.94 EPS for the current year.

Entegris Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend is Wednesday, January 29th. Entegris’s payout ratio is presently 26.49%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Citigroup reduced their price objective on shares of Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. UBS Group reduced their price target on Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Craig Hallum lowered their price objective on Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft reduced their target price on Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, BMO Capital Markets dropped their price target on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.50.

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).