Global X Japan Co. Ltd. Has $1.63 Million Position in Entegris, Inc. (NASDAQ:ENTG)

Global X Japan Co. Ltd. lessened its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 16.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 14,460 shares of the semiconductor company’s stock after selling 2,940 shares during the quarter. Global X Japan Co. Ltd.’s holdings in Entegris were worth $1,627,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in ENTG. Vanguard Group Inc. increased its position in Entegris by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 14,666,653 shares of the semiconductor company’s stock worth $2,061,251,000 after buying an additional 112,638 shares during the period. Price T Rowe Associates Inc. MD increased its position in Entegris by 7.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,085,147 shares of the semiconductor company’s stock worth $1,838,988,000 after acquiring an additional 916,420 shares during the period. Earnest Partners LLC raised its stake in Entegris by 0.6% during the 2nd quarter. Earnest Partners LLC now owns 1,858,757 shares of the semiconductor company’s stock valued at $251,676,000 after purchasing an additional 11,692 shares during the last quarter. American Century Companies Inc. boosted its holdings in Entegris by 20.2% in the 2nd quarter. American Century Companies Inc. now owns 1,523,824 shares of the semiconductor company’s stock valued at $206,326,000 after purchasing an additional 256,186 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in Entegris by 7.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,083,217 shares of the semiconductor company’s stock worth $146,668,000 after purchasing an additional 77,083 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $150.00 price objective on shares of Entegris in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft cut their price target on Entegris from $160.00 to $145.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Citigroup raised Entegris from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $119.00 to $130.00 in a report on Monday, September 16th. Mizuho upgraded Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price objective on the stock in a research report on Thursday, August 1st. Finally, BMO Capital Markets reduced their target price on Entegris from $160.00 to $145.00 and set an “outperform” rating for the company in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Entegris presently has a consensus rating of “Moderate Buy” and a consensus target price of $146.40.

Entegris Stock Performance

Shares of NASDAQ:ENTG opened at $103.18 on Wednesday. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.58 and a quick ratio of 2.14. The business’s fifty day moving average price is $110.54 and its two-hundred day moving average price is $122.91. Entegris, Inc. has a fifty-two week low of $84.13 and a fifty-two week high of $147.57. The stock has a market capitalization of $15.56 billion, a price-to-earnings ratio of 49.61, a price-to-earnings-growth ratio of 1.48 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last posted its earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.01. Entegris had a net margin of 5.61% and a return on equity of 12.03%. The business had revenue of $812.60 million for the quarter, compared to analyst estimates of $802.43 million. During the same quarter in the prior year, the firm earned $0.66 EPS. The firm’s quarterly revenue was down 9.8% compared to the same quarter last year. As a group, analysts predict that Entegris, Inc. will post 3.13 EPS for the current fiscal year.

Entegris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend is Wednesday, October 30th. Entegris’s dividend payout ratio is currently 19.23%.

Entegris 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).