Mirae Asset Global Investments Co. Ltd. Cuts Stock Holdings in Entegris, Inc. (NASDAQ:ENTG)

Mirae Asset Global Investments Co. Ltd. lowered its position in Entegris, Inc. (NASDAQ:ENTG) by 10.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 203,392 shares of the semiconductor company’s stock after selling 24,012 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.13% of Entegris worth $20,698,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Mountaineer Partners Management LLC increased its stake in Entegris by 16,255.1% in the 3rd quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company’s stock valued at $1,242,848,000 after buying an additional 10,977,064 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Entegris by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,537,948 shares of the semiconductor company’s stock worth $284,941,000 after buying an additional 49,846 shares during the last quarter. Swedbank AB grew its holdings in shares of Entegris by 47.7% in the fourth quarter. Swedbank AB now owns 1,550,942 shares of the semiconductor company’s stock valued at $153,636,000 after acquiring an additional 500,581 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of Entegris by 0.9% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,503,656 shares of the semiconductor company’s stock valued at $169,206,000 after acquiring an additional 12,913 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Entegris by 130.8% during the third quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company’s stock worth $155,287,000 after acquiring an additional 781,955 shares during the period.

Analysts Set New Price Targets

A number of brokerages have issued reports on ENTG. Deutsche Bank Aktiengesellschaft reduced their price objective on Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Mizuho decreased their price objective on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. UBS Group lowered their price objective on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. BMO Capital Markets reduced their target price on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Finally, Craig Hallum lowered their price target on shares of Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $134.50.

Entegris Stock Up 2.7 %

ENTG opened at $103.90 on Thursday. Entegris, Inc. has a 12 month low of $94.92 and a 12 month high of $147.57. The company has a market cap of $15.69 billion, a PE ratio of 68.81, a price-to-earnings-growth ratio of 1.38 and a beta of 1.24. The company has a current ratio of 2.92, a quick ratio of 1.83 and a debt-to-equity ratio of 1.14. The company has a 50 day moving average of $103.24 and a 200 day moving average of $107.33.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). The company had revenue of $807.70 million during the quarter, compared to the consensus estimate of $832.44 million. Entegris had a return on equity of 12.24% and a net margin of 7.13%. Entegris’s revenue was down 9.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.68 earnings per share. On average, sell-side analysts expect that Entegris, Inc. will post 2.94 EPS for the current year.

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.38%. The ex-dividend date of this dividend is Wednesday, January 29th. Entegris’s payout ratio is 26.49%.

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).