Mirae Asset Global Investments Co. Ltd. Trims Holdings in Entegris, Inc. $ENTG

Mirae Asset Global Investments Co. Ltd. reduced its stake in Entegris, Inc. (NASDAQ:ENTG) by 27.4% during the third quarter, HoldingsChannel reports. The fund owned 167,302 shares of the semiconductor company’s stock after selling 63,282 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Entegris were worth $15,469,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Twin Peaks Wealth Advisors LLC bought a new stake in Entegris in the 2nd quarter worth approximately $25,000. ORG Wealth Partners LLC lifted its holdings in Entegris by 862.1% during the third quarter. ORG Wealth Partners LLC now owns 279 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 250 shares in the last quarter. Quent Capital LLC bought a new position in Entegris in the 3rd quarter worth $34,000. Hoese & Co LLP bought a new stake in Entegris during the 2nd quarter valued at approximately $44,000. Finally, Tripletail Wealth Management LLC purchased a new position in shares of Entegris in the third quarter worth $49,000.

Entegris Stock Down 3.8%

Shares of ENTG opened at $118.07 on Friday. Entegris, Inc. has a 52-week low of $60.75 and a 52-week high of $124.00. The company has a market capitalization of $17.90 billion, a PE ratio of 62.47 and a beta of 1.31. The stock has a fifty day simple moving average of $95.29 and a two-hundred day simple moving average of $89.33. The company has a quick ratio of 2.13, a current ratio of 3.44 and a debt-to-equity ratio of 0.99.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Thursday, October 30th. The semiconductor company reported $0.72 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.72. The firm had revenue of $807.10 million during the quarter, compared to analysts’ expectations of $804.63 million. Entegris had a net margin of 8.95% and a return on equity of 11.61%. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the company posted $0.77 EPS. As a group, equities analysts forecast that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 18th. Shareholders of record on Wednesday, January 28th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, January 28th. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. Entegris’s dividend payout ratio (DPR) is currently 21.16%.

Insider Activity

In other news, SVP Joseph Colella sold 3,577 shares of the firm’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $88.41, for a total value of $316,242.57. Following the completion of the sale, the senior vice president owned 34,364 shares in the company, valued at approximately $3,038,121.24. This trade represents a 9.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bertrand Loy sold 57,570 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $76.88, for a total transaction of $4,425,981.60. Following the sale, the insider directly owned 305,820 shares in the company, valued at approximately $23,511,441.60. This represents a 15.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 69,473 shares of company stock valued at $5,666,033 over the last 90 days. Insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Mizuho reduced their price objective on Entegris from $108.00 to $96.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. Zacks Research upgraded Entegris from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 30th. Wall Street Zen upgraded Entegris from a “sell” rating to a “hold” rating in a report on Friday, October 3rd. BMO Capital Markets increased their target price on shares of Entegris from $105.00 to $126.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Finally, KeyCorp upped their price target on shares of Entegris from $107.00 to $111.00 and gave the company an “overweight” rating in a research note on Friday, January 9th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $111.00.

About Entegris

Entegris, Inc is a leading provider of advanced materials and process control solutions for the semiconductor and other high-technology industries. The company develops and supplies a broad portfolio of products designed to ensure purity and reliability throughout the manufacturing process, helping customers address critical contamination and yield challenges.

Entegris’s product offerings include high-purity chemicals and specialty materials, liquid and gas filtration and purification systems, and sophisticated wafer and chip handling solutions.