Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 8.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 219,900 shares of the semiconductor company's stock after buying an additional 16,508 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.15% of Entegris worth $19,514,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of ENTG. Central Pacific Bank Trust Division raised its stake in Entegris by 125.7% during the 1st quarter. Central Pacific Bank Trust Division now owns 307 shares of the semiconductor company's stock valued at $27,000 after purchasing an additional 171 shares during the last quarter. Quarry LP acquired a new position in shares of Entegris during the fourth quarter valued at about $28,000. Neo Ivy Capital Management bought a new stake in shares of Entegris in the fourth quarter valued at about $34,000. Curat Global LLC acquired a new stake in Entegris during the first quarter worth about $39,000. Finally, Proficio Capital Partners LLC bought a new position in Entegris during the fourth quarter valued at about $42,000.
Entegris Price Performance
Shares of NASDAQ ENTG traded up $4.12 during mid-day trading on Wednesday, hitting $86.46. 3,529,438 shares of the stock were exchanged, compared to its average volume of 3,438,791. The company has a market cap of $13.09 billion, a P/E ratio of 42.38, a PEG ratio of 1.80 and a beta of 1.27. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.95 and a current ratio of 3.26. Entegris, Inc. has a twelve month low of $60.75 and a twelve month high of $147.57. The stock's fifty day simple moving average is $77.34 and its two-hundred day simple moving average is $89.18.
Entegris (NASDAQ:ENTG - Get Free Report) last announced its earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 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 for the quarter, compared to the consensus estimate of $790.75 million. During the same quarter in the previous year, the company posted $0.68 EPS. Entegris's revenue for the quarter was up .3% on a year-over-year basis. As a group, analysts forecast that Entegris, Inc. will post 3.51 EPS for the current fiscal year.
Entegris Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, April 30th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend was Wednesday, April 30th. Entegris's dividend payout ratio is 19.61%.
Analyst Ratings Changes
A number of brokerages have commented on ENTG. UBS Group reduced their price objective on Entegris from $90.00 to $85.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Needham & Company LLC reaffirmed a "buy" rating and issued a $100.00 target price on shares of Entegris in a research report on Tuesday, May 20th. KeyCorp decreased their price target 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. Wall Street Zen cut shares of Entegris from a "hold" rating to a "sell" rating in a research note on Saturday, April 19th. Finally, Citigroup decreased 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. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $113.00.
Read Our Latest Stock Analysis on ENTG
About Entegris
(
Free Report)
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).
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