Mitsubishi UFJ Trust & Banking Corp Decreases Holdings in Entegris, Inc. $ENTG

Mitsubishi UFJ Trust & Banking Corp lowered its position in Entegris, Inc. (NASDAQ:ENTG) by 3.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 144,979 shares of the semiconductor company’s stock after selling 5,812 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.10% of Entegris worth $11,693,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Alpine Bank Wealth Management grew its holdings in Entegris by 73.7% in the second quarter. Alpine Bank Wealth Management now owns 311 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 132 shares during the last quarter. Costello Asset Management INC purchased a new stake in shares of Entegris in the 1st quarter worth about $26,000. Rise Advisors LLC acquired a new stake in Entegris in the 1st quarter valued at about $26,000. Summit Securities Group LLC purchased a new position in Entegris during the 1st quarter valued at about $36,000. Finally, SVB Wealth LLC acquired a new position in Entegris during the first quarter worth about $43,000.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. UBS Group lowered their price target on shares of Entegris from $95.00 to $90.00 and set a “neutral” rating on the stock in a research report on Thursday, July 31st. Mizuho raised their price target on Entegris from $100.00 to $108.00 and gave the stock an “outperform” rating in a research report on Friday, October 3rd. Oppenheimer initiated coverage on Entegris in a report on Thursday, September 4th. They issued a “market perform” rating and a $95.00 price target for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Entegris in a research note on Thursday. Finally, Zacks Research downgraded shares of Entegris from a “hold” rating to a “strong sell” rating in a research note on Monday, November 3rd. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $97.57.

Insider Transactions at Entegris

In related news, SVP Joseph Colella sold 3,577 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $88.41, for a total transaction of $316,242.57. Following the completion of the transaction, the senior vice president owned 34,364 shares of the company’s stock, valued at approximately $3,038,121.24. This represents a 9.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.67% of the company’s stock.

Entegris Price Performance

Shares of NASDAQ:ENTG opened at $78.28 on Friday. The company has a market cap of $11.87 billion, a P/E ratio of 40.35 and a beta of 1.39. The business has a fifty day simple moving average of $90.30 and a 200-day simple moving average of $83.85. Entegris, Inc. has a 52 week low of $60.75 and a 52 week high of $112.36. The company has a quick ratio of 1.95, a current ratio of 3.30 and a debt-to-equity ratio of 1.04.

Entegris (NASDAQ:ENTG) last released its earnings results on Wednesday, July 6th. The semiconductor company reported $0.70 earnings per share for the quarter. The firm had revenue of $512.84 million for the quarter. Entegris had a return on equity of 12.05% and a net margin of 9.17%. Equities research analysts forecast that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 19th. Investors of record on Wednesday, October 29th will be given a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, October 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. Entegris’s dividend payout ratio (DPR) is currently 21.16%.

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).