Entegris, Inc. (NASDAQ:ENTG) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. decreased its holdings in Entegris, Inc. (NASDAQ:ENTG) by 0.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 288,676 shares of the semiconductor company’s stock after selling 1,148 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.19% of Entegris worth $32,485,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its position in shares of Entegris by 7.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,085,147 shares of the semiconductor company’s stock worth $1,838,988,000 after buying an additional 916,420 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Entegris by 1,076.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 923,332 shares of the semiconductor company’s stock worth $103,903,000 after acquiring an additional 844,837 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Entegris by 130.8% in the 3rd quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company’s stock worth $155,287,000 after purchasing an additional 781,955 shares during the last quarter. Swedbank AB raised its stake in shares of Entegris by 249.7% in the 3rd quarter. Swedbank AB now owns 1,050,361 shares of the semiconductor company’s stock valued at $118,197,000 after purchasing an additional 750,000 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Entegris during the second quarter worth about $42,087,000.

Wall Street Analysts Forecast Growth

ENTG has been the subject of several research analyst reports. Craig Hallum lowered their price objective on Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft dropped their price target on Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Mizuho decreased their price objective on shares of Entegris from $143.00 to $125.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. UBS Group dropped their target price on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Finally, BMO Capital Markets decreased their price target on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Entegris currently has a consensus rating of “Moderate Buy” and an average price target of $135.40.

Entegris Trading Down 3.8 %

Shares of NASDAQ:ENTG opened at $97.67 on Friday. The company has a quick ratio of 1.83, a current ratio of 2.92 and a debt-to-equity ratio of 1.14. The company’s 50-day moving average price is $107.71 and its 200 day moving average price is $119.60. The company has a market cap of $14.75 billion, a PE ratio of 64.68, a P/E/G ratio of 1.71 and a beta of 1.24. Entegris, Inc. has a fifty-two week low of $94.92 and a fifty-two week high of $147.57.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.01). Entegris had a return on equity of 12.24% and a net margin of 7.13%. The business had revenue of $807.70 million for the quarter, compared to analyst estimates of $832.44 million. During the same quarter in the prior year, the firm posted $0.68 earnings per share. The business’s quarterly revenue was down 9.1% on a year-over-year basis. Sell-side analysts anticipate that Entegris, Inc. will post 3.03 earnings per share for the current year.

Entegris Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, October 30th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date of this dividend is Wednesday, October 30th. Entegris’s dividend payout ratio is currently 26.49%.

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).