Entegris, Inc. (NASDAQ:ENTG) Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Key Points

• Mitsubishi UFJ Asset Management Co. Ltd. has increased its stake in Entegris, Inc. by 14.1%, owning a total of 128,330 shares worth approximately $11.2 million.
• Entegris recently announced a quarterly dividend of $0.10 per share, which represents an annual yield of 0.6% and was declared after their earnings exceeded analyst expectations.
• Several analysts have adjusted their ratings for Entegris, with KeyCorp maintaining an "overweight" rating and the average target price for the stock currently at $106.44 amidst mixed ratings from other firms.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 14.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 128,330 shares of the semiconductor company's stock after buying an additional 15,900 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.08% of Entegris worth $11,226,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ENTG. Renaissance Technologies LLC acquired a new stake in shares of Entegris in the 4th quarter valued at approximately $7,549,000. Capital Fund Management S.A. acquired a new stake in Entegris during the 4th quarter worth approximately $2,887,000. Treasurer of the State of North Carolina boosted its position in Entegris by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 66,217 shares of the semiconductor company's stock worth $6,559,000 after buying an additional 420 shares during the period. Harber Asset Management LLC acquired a new stake in Entegris during the 4th quarter worth approximately $6,895,000. Finally, Gabelli Funds LLC boosted its position in Entegris by 2.4% during the 4th quarter. Gabelli Funds LLC now owns 42,700 shares of the semiconductor company's stock worth $4,230,000 after buying an additional 1,000 shares during the period.

Entegris Stock Down 2.2%

Entegris stock traded down $1.75 on Friday, hitting $77.12. 2,137,839 shares of the stock traded hands, compared to its average volume of 3,205,898. The business's fifty day simple moving average is $82.08 and its 200 day simple moving average is $85.11. The company has a current ratio of 3.30, a quick ratio of 1.95 and a debt-to-equity ratio of 1.04. The firm has a market cap of $11.69 billion, a P/E ratio of 39.75 and a beta of 1.22. Entegris, Inc. has a 1 year low of $60.75 and a 1 year high of $119.95.

Entegris (NASDAQ:ENTG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.01. Entegris had a return on equity of 12.05% and a net margin of 9.17%. The company had revenue of $792.40 million during the quarter, compared to the consensus estimate of $753.85 million. During the same period in the previous year, the company posted $0.71 EPS. The firm's revenue was down 2.5% on a year-over-year basis. As a group, sell-side analysts forecast that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 20th. Stockholders of record on Wednesday, July 30th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, July 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. Entegris's payout ratio is currently 20.62%.

Analysts Set New Price Targets

Several research firms recently commented on ENTG. Citigroup cut their target price on shares of Entegris from $125.00 to $102.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. KeyCorp reiterated an "overweight" rating and set a $103.00 target price (down from $112.00) on shares of Entegris in a research report on Thursday, July 31st. Wall Street Zen downgraded shares of Entegris from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Mizuho lifted their target price on shares of Entegris from $90.00 to $98.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $100.00 target price on shares of Entegris in a research report on Tuesday, May 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, Entegris has an average rating of "Moderate Buy" and an average price target of $106.44.

Insider Activity at Entegris

In other Entegris news, SVP Susan G. Rice sold 8,858 shares of the firm's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $79.84, for a total value of $707,222.72. Following the completion of the sale, the senior vice president owned 56,912 shares of the company's stock, valued at approximately $4,543,854.08. This trade represents a 13.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Clinton M. Haris sold 3,627 shares of the firm's stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $90.00, for a total value of $326,430.00. Following the completion of the transaction, the senior vice president owned 37,743 shares of the company's stock, valued at approximately $3,396,870. The trade was a 8.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,760 shares of company stock worth $1,053,513. Corporate insiders own 0.67% of the company's stock.

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).