Daiwa Securities Group Inc. Reduces Holdings in Entegris, Inc. (NASDAQ:ENTG)

Daiwa Securities Group Inc. lowered its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 12.7% during the fourth quarter, Holdings Channel reports. The fund owned 11,893 shares of the semiconductor company’s stock after selling 1,728 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Entegris were worth $1,178,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Mountaineer Partners Management LLC boosted its position in Entegris by 16,255.1% during the third quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company’s stock worth $1,242,848,000 after acquiring an additional 10,977,064 shares during the last quarter. Cantillon Capital Management LLC boosted its holdings in shares of Entegris by 12.6% in the 4th quarter. Cantillon Capital Management LLC now owns 2,616,354 shares of the semiconductor company’s stock valued at $259,176,000 after purchasing an additional 291,893 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Entegris by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,537,948 shares of the semiconductor company’s stock valued at $284,941,000 after purchasing an additional 49,846 shares during the last quarter. Swedbank AB boosted its holdings in shares of Entegris by 47.7% in the 4th quarter. Swedbank AB now owns 1,550,942 shares of the semiconductor company’s stock valued at $153,636,000 after purchasing an additional 500,581 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Entegris by 0.9% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,503,656 shares of the semiconductor company’s stock valued at $169,206,000 after purchasing an additional 12,913 shares during the last quarter.

Analyst Upgrades and Downgrades

ENTG has been the topic of a number of research analyst reports. Mizuho decreased their price target on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. KeyCorp reduced their target price on shares of Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. Needham & Company LLC restated a “buy” rating and set a $120.00 target price on shares of Entegris in a report on Friday, February 7th. Finally, StockNews.com upgraded shares of Entegris from a “sell” rating to a “hold” rating in a report on Thursday. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $124.88.

Insider Transactions at Entegris

In other news, SVP Olivier Blachier sold 984 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.00, for a total value of $106,272.00. Following the completion of the sale, the senior vice president now owns 10,903 shares of the company’s stock, valued at approximately $1,177,524. The trade was a 8.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Clinton M. Haris sold 12,652 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the completion of the sale, the senior vice president now directly owns 34,820 shares of the company’s stock, valued at $3,722,954.40. The trade was a 26.65 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

Entegris Stock Performance

Entegris stock opened at $98.37 on Friday. Entegris, Inc. has a 12-month low of $92.84 and a 12-month high of $147.57. The company has a market capitalization of $14.87 billion, a price-to-earnings ratio of 50.97, a price-to-earnings-growth ratio of 1.50 and a beta of 1.32. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.08 and a quick ratio of 1.86. The firm’s fifty day moving average price is $102.34 and its 200 day moving average price is $105.18.

Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.07. Entegris had a net margin of 9.03% and a return on equity of 12.83%. On average, research analysts forecast that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.41%. The ex-dividend date was Wednesday, January 29th. Entegris’s payout ratio is currently 20.73%.

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).