Sumitomo Mitsui DS Asset Management Company Ltd Grows Stock Holdings in Entegris, Inc. (NASDAQ:ENTG)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 1.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,876 shares of the semiconductor company’s stock after purchasing an additional 343 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Entegris were worth $2,349,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Wedmont Private Capital purchased a new stake in Entegris in the first quarter worth $211,000. Ballentine Partners LLC purchased a new stake in shares of Entegris in the 1st quarter worth about $222,000. Gateway Investment Advisers LLC boosted its stake in shares of Entegris by 11.5% during the 1st quarter. Gateway Investment Advisers LLC now owns 15,774 shares of the semiconductor company’s stock valued at $2,217,000 after purchasing an additional 1,624 shares in the last quarter. Sarasin & Partners LLP increased its position in shares of Entegris by 12.1% during the first quarter. Sarasin & Partners LLP now owns 187,653 shares of the semiconductor company’s stock valued at $26,373,000 after buying an additional 20,321 shares during the period. Finally, Sendero Wealth Management LLC raised its stake in Entegris by 22.8% in the first quarter. Sendero Wealth Management LLC now owns 17,397 shares of the semiconductor company’s stock worth $2,445,000 after buying an additional 3,227 shares in the last quarter.

Analysts Set New Price Targets

Several research firms have weighed in on ENTG. Citigroup raised Entegris from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $119.00 to $130.00 in a research report on Monday, September 16th. Deutsche Bank Aktiengesellschaft reduced their price target on Entegris from $160.00 to $145.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Mizuho raised Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price objective for the company in a research report on Thursday, August 1st. BMO Capital Markets reduced their target price on shares of Entegris from $160.00 to $145.00 and set an “outperform” rating on the stock in a research report on Thursday, August 1st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $150.00 price target on shares of Entegris in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $146.40.

Entegris Stock Up 1.1 %

NASDAQ:ENTG opened at $104.36 on Tuesday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.14 and a current ratio of 3.58. The firm has a market cap of $15.74 billion, a P/E ratio of 50.17, a P/E/G ratio of 1.48 and a beta of 1.24. Entegris, Inc. has a fifty-two week low of $84.13 and a fifty-two week high of $147.57. The firm has a 50-day simple moving average of $110.65 and a two-hundred day simple moving average of $123.38.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.01. The company had revenue of $812.60 million during the quarter, compared to the consensus estimate of $802.43 million. Entegris had a net margin of 5.61% and a return on equity of 12.03%. The firm’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.66 earnings per share. Analysts predict that Entegris, Inc. will post 3.13 earnings per share for the current fiscal year.

Entegris Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend is Wednesday, October 30th. Entegris’s payout ratio is currently 19.23%.

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).