Dai ichi Life Insurance Company Ltd Has $365,000 Stock Holdings in Entegris, Inc. (NASDAQ:ENTG)

Dai ichi Life Insurance Company Ltd reduced its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 81.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,246 shares of the semiconductor company’s stock after selling 14,000 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Entegris were worth $365,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ENTG. Earnest Partners LLC raised its position in shares of Entegris by 0.6% during the second quarter. Earnest Partners LLC now owns 1,858,757 shares of the semiconductor company’s stock worth $251,676,000 after purchasing an additional 11,692 shares during the period. American Century Companies Inc. raised its holdings in Entegris by 20.2% during the second quarter. American Century Companies Inc. now owns 1,523,824 shares of the semiconductor company’s stock worth $206,326,000 after buying an additional 256,186 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of Entegris by 0.9% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,503,656 shares of the semiconductor company’s stock worth $169,206,000 after acquiring an additional 12,913 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Entegris by 130.8% in the 3rd quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company’s stock worth $155,287,000 after acquiring an additional 781,955 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Entegris by 7.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,083,217 shares of the semiconductor company’s stock valued at $146,668,000 after acquiring an additional 77,083 shares in the last quarter.

Entegris Trading Down 0.5 %

Shares of ENTG stock opened at $104.96 on Friday. The company has a quick ratio of 1.83, a current ratio of 2.92 and a debt-to-equity ratio of 1.14. The company has a 50 day moving average of $106.83 and a 200-day moving average of $118.13. Entegris, Inc. has a 12-month low of $94.92 and a 12-month high of $147.57. The firm has a market cap of $15.85 billion, a P/E ratio of 69.51, a PEG ratio of 1.78 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). Entegris had a net margin of 7.13% and a return on equity of 12.24%. The business had revenue of $807.70 million for the quarter, compared to analysts’ expectations of $832.44 million. During the same quarter in the previous year, the company posted $0.68 earnings per share. The business’s quarterly revenue was down 9.1% compared to the same quarter last year. Sell-side analysts anticipate that Entegris, Inc. will post 2.99 earnings per share for the current year.

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th were given a $0.10 dividend. The ex-dividend date was Wednesday, October 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. Entegris’s dividend payout ratio (DPR) is currently 26.49%.

Analysts Set New Price Targets

A number of analysts have commented on ENTG shares. UBS Group decreased their price objective on Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. KeyCorp decreased their price target on Entegris from $164.00 to $154.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. BMO Capital Markets dropped their price objective on Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, Needham & Company LLC restated a “buy” rating and set a $150.00 price target on shares of Entegris in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $135.40.

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).