Sumitomo Mitsui Trust Group Inc. Trims Stock Position in Entegris, Inc. (NASDAQ:ENTG)

Sumitomo Mitsui Trust Group Inc. lessened its holdings in Entegris, Inc. (NASDAQ:ENTG) by 0.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 300,613 shares of the semiconductor company’s stock after selling 377 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.20% of Entegris worth $26,298,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Allspring Global Investments Holdings LLC lifted its holdings in shares of Entegris by 12.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 260,466 shares of the semiconductor company’s stock valued at $22,452,000 after purchasing an additional 28,616 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Entegris by 8.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 219,900 shares of the semiconductor company’s stock valued at $19,514,000 after purchasing an additional 16,508 shares in the last quarter. Perpetual Ltd purchased a new stake in shares of Entegris in the first quarter valued at about $23,080,000. Sequoia Financial Advisors LLC lifted its holdings in shares of Entegris by 11.5% in the first quarter. Sequoia Financial Advisors LLC now owns 2,767 shares of the semiconductor company’s stock valued at $242,000 after purchasing an additional 285 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in shares of Entegris by 10.8% in the first quarter. Asset Management One Co. Ltd. now owns 57,576 shares of the semiconductor company’s stock valued at $5,037,000 after purchasing an additional 5,624 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ENTG shares. Needham & Company LLC reissued a “buy” rating and set a $100.00 price objective on shares of Entegris in a research note on Tuesday, May 20th. Citigroup reduced their price objective on shares of Entegris from $125.00 to $102.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. KeyCorp reduced their price objective on shares of Entegris from $130.00 to $117.00 and set an “overweight” rating on the stock in a research note on Thursday, May 8th. UBS Group reduced their price objective on shares of Entegris from $90.00 to $85.00 and set a “neutral” rating on the stock in a research note on Thursday, May 8th. Finally, Wall Street Zen downgraded shares of Entegris from a “hold” rating to a “sell” rating in a research note on Saturday, April 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $113.00.

Entegris Price Performance

Entegris stock opened at $86.46 on Thursday. Entegris, Inc. has a 52-week low of $60.75 and a 52-week high of $147.57. The firm has a fifty day moving average of $77.62 and a 200-day moving average of $89.16. The firm has a market capitalization of $13.09 billion, a P/E ratio of 42.38, a PEG ratio of 1.84 and a beta of 1.27. The company has a quick ratio of 1.95, a current ratio of 3.26 and a debt-to-equity ratio of 1.06.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.02). Entegris had a return on equity of 12.48% and a net margin of 9.57%. The business had revenue of $773.20 million during the quarter, compared to analyst estimates of $790.75 million. During the same period in the previous year, the company earned $0.68 EPS. Entegris’s revenue was up .3% on a year-over-year basis. As a group, analysts predict that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, April 30th were paid a $0.10 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.46%. Entegris’s dividend payout ratio (DPR) is presently 19.61%.

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).