Global X Japan Co. Ltd. Grows Stake in Entegris, Inc. (NASDAQ:ENTG)

Global X Japan Co. Ltd. boosted its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 51.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,400 shares of the semiconductor company’s stock after acquiring an additional 5,919 shares during the quarter. Global X Japan Co. Ltd.’s holdings in Entegris were worth $2,356,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Innealta Capital LLC bought a new position in shares of Entegris during the 2nd quarter valued at approximately $26,000. Summit Securities Group LLC bought a new position in Entegris during the second quarter valued at $27,000. Opal Wealth Advisors LLC bought a new position in Entegris during the second quarter valued at $31,000. ORG Partners LLC purchased a new stake in shares of Entegris in the first quarter valued at $33,000. Finally, Trust Co. of Vermont bought a new stake in shares of Entegris in the 4th quarter worth about $31,000.

Insider Activity

In related news, insider Daniel D. Woodland sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $140.00, for a total transaction of $2,100,000.00. Following the sale, the insider now owns 37,457 shares of the company’s stock, valued at $5,243,980. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Bertrand Loy sold 27,044 shares of the stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $140.63, for a total transaction of $3,803,197.72. Following the completion of the sale, the chief executive officer now owns 263,068 shares in the company, valued at approximately $36,995,252.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Daniel D. Woodland sold 15,000 shares of the business’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $140.00, for a total value of $2,100,000.00. Following the transaction, the insider now owns 37,457 shares in the company, valued at $5,243,980. The disclosure for this sale can be found here. In the last three months, insiders have sold 57,044 shares of company stock worth $8,078,198. 0.67% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ENTG has been the topic of several analyst reports. BMO Capital Markets cut their price target on shares of Entegris from $160.00 to $145.00 and set an “outperform” rating on the stock in a report on Thursday, August 1st. Mizuho raised Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 target price on the stock in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft decreased their price target on Entegris from $160.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $150.00 price objective on shares of Entegris in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $146.80.

Entegris Price Performance

ENTG opened at $105.00 on Tuesday. The company has a current ratio of 3.58, a quick ratio of 2.14 and a debt-to-equity ratio of 1.18. The business’s fifty day simple moving average is $120.53 and its 200-day simple moving average is $129.13. The company has a market capitalization of $15.85 billion, a price-to-earnings ratio of 50.48, a PEG ratio of 1.44 and a beta of 1.24. Entegris, Inc. has a 12-month low of $84.13 and a 12-month high of $147.57.

Entegris (NASDAQ:ENTG) last posted its earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $802.43 million. During the same quarter last year, the firm posted $0.66 EPS. The company’s revenue for the quarter was down 9.8% on a year-over-year basis. On average, equities research analysts anticipate that Entegris, Inc. will post 3.14 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, July 31st were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $0.40 annualized dividend and a yield of 0.38%. Entegris’s dividend payout ratio (DPR) is presently 19.23%.

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).