Resona Asset Management Co. Ltd. Purchases Shares of 46,878 Entegris, Inc. (NASDAQ:ENTG)

Resona Asset Management Co. Ltd. purchased a new position in shares of Entegris, Inc. (NASDAQ:ENTG) during the fourth quarter, HoldingsChannel reports. The firm purchased 46,878 shares of the semiconductor company’s stock, valued at approximately $4,662,000.

Several other institutional investors also recently modified their holdings of ENTG. Corient Private Wealth LLC increased its stake in shares of Entegris by 1.1% in the fourth quarter. Corient Private Wealth LLC now owns 11,862 shares of the semiconductor company’s stock valued at $1,175,000 after buying an additional 128 shares during the period. Torray Investment Partners LLC increased its position in Entegris by 0.9% during the 4th quarter. Torray Investment Partners LLC now owns 15,266 shares of the semiconductor company’s stock valued at $1,512,000 after purchasing an additional 129 shares during the period. Metis Global Partners LLC raised its holdings in Entegris by 7.1% during the 4th quarter. Metis Global Partners LLC now owns 2,049 shares of the semiconductor company’s stock worth $203,000 after purchasing an additional 135 shares during the last quarter. HighPoint Advisor Group LLC lifted its position in shares of Entegris by 4.3% in the 4th quarter. HighPoint Advisor Group LLC now owns 3,559 shares of the semiconductor company’s stock worth $376,000 after purchasing an additional 146 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its stake in shares of Entegris by 6.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 2,482 shares of the semiconductor company’s stock valued at $246,000 after purchasing an additional 147 shares during the last quarter.

Insider Activity

In other news, SVP Clinton M. Haris sold 12,652 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $106.92, for a total value of $1,352,751.84. Following the transaction, the senior vice president now owns 34,820 shares in the company, valued at $3,722,954.40. The trade was a 26.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Olivier Blachier sold 984 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $108.00, for a total value of $106,272.00. Following the sale, the senior vice president now directly owns 10,903 shares of the company’s stock, valued at $1,177,524. The trade was a 8.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by corporate insiders.

Entegris Stock Down 5.9 %

Entegris stock opened at $62.92 on Wednesday. The firm has a market capitalization of $9.52 billion, a price-to-earnings ratio of 32.60, a price-to-earnings-growth ratio of 1.50 and a beta of 1.36. The firm’s fifty day moving average price is $96.65 and its two-hundred day moving average price is $102.11. Entegris, Inc. has a 1-year low of $60.75 and a 1-year high of $147.57. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08.

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 return on equity of 12.83% and a net margin of 9.03%. On average, equities research analysts predict that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.64%. Entegris’s payout ratio is 20.73%.

Analysts Set New Price Targets

ENTG has been the subject of a number of analyst reports. KeyCorp lowered their target price on shares of Entegris from $150.00 to $141.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. StockNews.com raised Entegris from a “sell” rating to a “hold” rating in a research report on Thursday, April 3rd. Needham & Company LLC restated a “buy” rating and set a $120.00 target price on shares of Entegris in a research report on Friday, February 7th. Finally, Mizuho lowered their target price on Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $124.88.

About Entegris

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).