Entegris, Inc. (NASDAQ:ENTG) Shares Sold by Global X Japan Co. Ltd.

Global X Japan Co. Ltd. trimmed its position in Entegris, Inc. (NASDAQ:ENTG) by 16.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,460 shares of the semiconductor company’s stock after selling 2,940 shares during the period. Global X Japan Co. Ltd.’s holdings in Entegris were worth $1,627,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Narwhal Capital Management raised its position in shares of Entegris by 15.2% during the 3rd quarter. Narwhal Capital Management now owns 61,784 shares of the semiconductor company’s stock worth $6,953,000 after purchasing an additional 8,150 shares during the period. Eastern Bank acquired a new stake in shares of Entegris in the 3rd quarter worth approximately $682,000. Signaturefd LLC lifted its position in Entegris by 31.7% in the third quarter. Signaturefd LLC now owns 1,852 shares of the semiconductor company’s stock worth $208,000 after purchasing an additional 446 shares during the period. Sequoia Financial Advisors LLC boosted its stake in Entegris by 34.6% during the third quarter. Sequoia Financial Advisors LLC now owns 2,335 shares of the semiconductor company’s stock valued at $263,000 after buying an additional 600 shares in the last quarter. Finally, Jade Capital Advisors LLC boosted its position in shares of Entegris by 80.0% during the 3rd quarter. Jade Capital Advisors LLC now owns 9,000 shares of the semiconductor company’s stock valued at $1,013,000 after purchasing an additional 4,000 shares in the last quarter.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Mizuho raised Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price target on the stock in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft decreased their target price on Entegris from $160.00 to $145.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Citigroup raised Entegris from a “neutral” rating to a “buy” rating and upped their price target for the company from $119.00 to $130.00 in a research report on Monday, September 16th. Needham & Company LLC restated a “buy” rating and set a $150.00 price objective on shares of Entegris in a research report on Thursday, August 1st. Finally, BMO Capital Markets dropped their target price on Entegris from $160.00 to $145.00 and set an “outperform” rating on the stock in a report on Thursday, August 1st. 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.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $146.40.

Entegris Stock Down 1.1 %

Shares of Entegris stock opened at $103.18 on Wednesday. The firm has a market cap of $15.56 billion, a price-to-earnings ratio of 49.61, a P/E/G ratio of 1.48 and a beta of 1.24. The stock has a 50-day simple moving average of $110.54 and a 200-day simple moving average of $122.91. Entegris, Inc. has a 52-week low of $84.13 and a 52-week high of $147.57. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.58 and a quick ratio of 2.14.

Entegris (NASDAQ:ENTG) last posted its earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 EPS for the quarter, topping 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 company’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.66 earnings per share. On average, equities research analysts expect that Entegris, Inc. will post 3.13 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, October 30th. This represents a $0.40 annualized dividend and a yield of 0.39%. Entegris’s dividend payout ratio (DPR) is currently 19.23%.

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).