Sumitomo Mitsui DS Asset Management Company Ltd Has $2.03 Million Stock Holdings in Entegris, Inc. (NASDAQ:ENTG)

Sumitomo Mitsui DS Asset Management Company Ltd lowered its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 2.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,447 shares of the semiconductor company’s stock after selling 429 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Entegris were worth $2,025,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Mountaineer Partners Management LLC boosted its holdings 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 purchasing an additional 10,977,064 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Entegris by 1,076.3% in the third quarter. Assenagon Asset Management S.A. now owns 923,332 shares of the semiconductor company’s stock valued at $103,903,000 after buying an additional 844,837 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Entegris by 130.8% in the third quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company’s stock valued at $155,287,000 after buying an additional 781,955 shares during the period. Swedbank AB grew its position in Entegris by 249.7% during the third quarter. Swedbank AB now owns 1,050,361 shares of the semiconductor company’s stock worth $118,197,000 after buying an additional 750,000 shares in the last quarter. Finally, James Hambro & Partners LLP bought a new position in Entegris during the 4th quarter worth $72,845,000.

Entegris Stock Performance

NASDAQ ENTG opened at $106.73 on Tuesday. The firm’s fifty day moving average price is $103.31 and its two-hundred day moving average price is $106.74. The stock has a market cap of $16.12 billion, a PE ratio of 55.30, a PEG ratio of 1.49 and a beta of 1.24. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.83 and a current ratio of 2.92. Entegris, Inc. has a fifty-two week low of $94.92 and a fifty-two week high of $147.57.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.07. Entegris had a return on equity of 13.00% and a net margin of 9.03%. On average, equities analysts expect that Entegris, Inc. will post 3.63 EPS for the current fiscal year.

Entegris Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th will be issued a $0.10 dividend. The ex-dividend date is Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. Entegris’s dividend payout ratio (DPR) is presently 20.73%.

Wall Street Analyst Weigh In

ENTG has been the subject of a number of recent analyst reports. Citigroup cut their target price on Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. KeyCorp reduced their price objective on shares of Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a research note on Friday. Needham & Company LLC reissued a “buy” rating and issued a $120.00 target price on shares of Entegris in a report on Friday. Deutsche Bank Aktiengesellschaft cut their price target on shares of Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, BMO Capital Markets decreased their price objective on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $130.60.

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).