Daiwa Securities Group Inc. Boosts Holdings in Entegris, Inc. (NASDAQ:ENTG)

Daiwa Securities Group Inc. raised its holdings in Entegris, Inc. (NASDAQ:ENTG) by 6.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,621 shares of the semiconductor company’s stock after purchasing an additional 826 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Entegris were worth $1,533,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Earnest Partners LLC boosted its stake in shares of Entegris by 0.6% during the 2nd quarter. Earnest Partners LLC now owns 1,858,757 shares of the semiconductor company’s stock worth $251,676,000 after acquiring an additional 11,692 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Entegris by 20.2% during the 2nd quarter. American Century Companies Inc. now owns 1,523,824 shares of the semiconductor company’s stock worth $206,326,000 after acquiring an additional 256,186 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Entegris by 0.9% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,503,656 shares of the semiconductor company’s stock worth $169,206,000 after acquiring an additional 12,913 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Entegris by 130.8% during the 3rd 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 in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Entegris by 7.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,083,217 shares of the semiconductor company’s stock worth $146,668,000 after acquiring an additional 77,083 shares in the last quarter.

Entegris Stock Down 0.5 %

ENTG stock opened at $104.96 on Friday. The company has a market cap of $15.85 billion, a price-to-earnings ratio of 69.51, a PEG ratio of 1.78 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. Entegris, Inc. has a 12 month low of $94.92 and a 12 month high of $147.57. The firm has a 50-day moving average of $106.83 and a two-hundred day moving average of $118.13.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data 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 business had revenue of $807.70 million during the quarter, compared to analyst estimates of $832.44 million. Entegris had a net margin of 7.13% and a return on equity of 12.24%. The firm’s revenue was down 9.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.68 EPS. As a group, analysts forecast that Entegris, Inc. will post 2.99 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th were paid a $0.10 dividend. The ex-dividend date was Wednesday, October 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. Entegris’s dividend payout ratio (DPR) is 26.49%.

Analyst Ratings Changes

Several research firms have recently issued reports on ENTG. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. KeyCorp reduced their price target on shares of Entegris from $164.00 to $154.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Craig Hallum reduced their price target on shares of Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Needham & Company LLC restated a “buy” rating and set a $150.00 price target on shares of Entegris in a research report on Thursday, August 1st. Finally, Citigroup reduced their price target on shares of Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Entegris currently has an average rating of “Moderate Buy” and a consensus target price of $135.40.

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).