Mirae Asset Global Investments Co. Ltd. Trims Stake in Entegris, Inc. (NASDAQ:ENTG)

Mirae Asset Global Investments Co. Ltd. reduced its holdings in shares of Entegris, Inc. (NASDAQ:ENTGGet Rating) by 56.0% in the first quarter, Holdings Channel reports. The institutional investor owned 118,920 shares of the semiconductor company’s stock after selling 151,497 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Entegris were worth $15,609,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in Entegris by 2.6% during the first quarter. BlackRock Inc. now owns 15,038,324 shares of the semiconductor company’s stock valued at $1,973,931,000 after buying an additional 374,707 shares during the last quarter. Select Equity Group L.P. boosted its position in shares of Entegris by 16.5% in the first quarter. Select Equity Group L.P. now owns 8,090,333 shares of the semiconductor company’s stock worth $1,061,937,000 after purchasing an additional 1,143,666 shares during the period. Sands Capital Management LLC bought a new position in shares of Entegris in the first quarter worth approximately $583,864,000. WCM Investment Management LLC boosted its position in shares of Entegris by 2.3% in the first quarter. WCM Investment Management LLC now owns 2,934,912 shares of the semiconductor company’s stock worth $385,237,000 after purchasing an additional 64,860 shares during the period. Finally, State Street Corp boosted its position in shares of Entegris by 0.8% in the first quarter. State Street Corp now owns 2,712,050 shares of the semiconductor company’s stock worth $355,984,000 after purchasing an additional 20,844 shares during the period. 91.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. KeyCorp dropped their target price on shares of Entegris from $150.00 to $132.00 and set an “overweight” rating for the company in a research report on Wednesday, July 20th. The Goldman Sachs Group increased their price objective on shares of Entegris from $109.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Stifel Nicolaus increased their price objective on shares of Entegris from $186.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, August 16th. Mizuho increased their price objective on shares of Entegris from $146.00 to $148.00 and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Finally, UBS Group lowered their price objective on shares of Entegris from $125.00 to $120.00 and set a “neutral” rating for the company in a research report on Wednesday, August 3rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $146.10.

Entegris Stock Down 0.4 %

Shares of Entegris stock opened at $92.80 on Monday. The company has a debt-to-equity ratio of 1.78, a current ratio of 9.86 and a quick ratio of 8.37. Entegris, Inc. has a 1 year low of $85.92 and a 1 year high of $158.00. The firm’s 50-day moving average is $100.10 and its two-hundred day moving average is $107.79. The stock has a market cap of $13.82 billion, a price-to-earnings ratio of 27.46 and a beta of 1.28.

Entegris (NASDAQ:ENTGGet Rating) last issued its earnings results on Tuesday, August 2nd. The semiconductor company reported $1.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.05). Entegris had a return on equity of 30.56% and a net margin of 18.02%. The business had revenue of $692.50 million for the quarter, compared to the consensus estimate of $665.90 million. During the same quarter in the previous year, the company earned $0.85 earnings per share. The firm’s revenue was up 21.2% on a year-over-year basis. As a group, research analysts expect that Entegris, Inc. will post 4.07 earnings per share for the current fiscal year.

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 24th. Stockholders of record on Wednesday, August 3rd were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend was Tuesday, August 2nd. Entegris’s dividend payout ratio is currently 11.83%.

Entegris Company Profile

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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: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); and Advanced Materials Handling (AMH).

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Institutional Ownership by Quarter for Entegris (NASDAQ:ENTG)

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