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

Mirae Asset Global Investments Co. Ltd. reduced its stake in Entegris, Inc. (NASDAQ:ENTG) by 10.6% during the fourth quarter, HoldingsChannel reports. The firm owned 203,392 shares of the semiconductor company’s stock after selling 24,012 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Entegris were worth $20,698,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of ENTG. Capital Performance Advisors LLP purchased a new stake in shares of Entegris during the 3rd quarter valued at $29,000. Blue Trust Inc. grew its position in Entegris by 221.3% in the third quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 239 shares in the last quarter. Fortitude Family Office LLC raised its position in Entegris by 195.7% during the fourth quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 274 shares in the last quarter. Covestor Ltd raised its position in Entegris by 241.8% during the third quarter. Covestor Ltd now owns 417 shares of the semiconductor company’s stock valued at $47,000 after purchasing an additional 295 shares in the last quarter. Finally, Huntington National Bank lifted its stake in Entegris by 41.0% during the third quarter. Huntington National Bank now owns 454 shares of the semiconductor company’s stock worth $51,000 after purchasing an additional 132 shares during the last quarter.

Entegris Price Performance

Shares of Entegris stock opened at $103.90 on Thursday. The company’s fifty day simple moving average is $103.24 and its two-hundred day simple moving average is $107.33. Entegris, Inc. has a 12-month low of $94.92 and a 12-month high of $147.57. The firm 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 quick ratio of 1.83, a current ratio of 2.92 and a debt-to-equity ratio of 1.14.

Entegris (NASDAQ:ENTG) last posted its earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.01). The business 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%. The firm’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.68 earnings per share. As a group, equities analysts expect that Entegris, Inc. will post 2.94 EPS for the current year.

Entegris Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th will be given a $0.10 dividend. The ex-dividend date is Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. Entegris’s dividend payout ratio is currently 26.49%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Craig Hallum reduced their price objective on Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. BMO Capital Markets reduced their price target on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. KeyCorp lowered their price objective on shares of Entegris from $154.00 to $150.00 and set an “overweight” rating for the company in a report on Friday, January 10th. Citigroup reduced their target price on shares of Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Finally, UBS Group lowered their price target on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Entegris currently has an average rating of “Moderate Buy” and a consensus target price of $134.50.

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).