Mitsubishi UFJ Trust & Banking Corp Reduces Position in Entegris, Inc. (NASDAQ:ENTG)

Mitsubishi UFJ Trust & Banking Corp decreased its position in Entegris, Inc. (NASDAQ:ENTG) by 5.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 163,790 shares of the semiconductor company’s stock after selling 8,892 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.11% of Entegris worth $16,225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ENTG. Fortitude Family Office LLC raised its stake in shares of Entegris by 195.7% in the fourth quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 274 shares during the last quarter. Promus Capital LLC purchased a new position in Entegris during the 4th quarter worth approximately $71,000. Eagle Bay Advisors LLC lifted its stake in Entegris by 4,375.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 716 shares of the semiconductor company’s stock valued at $71,000 after acquiring an additional 700 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Entegris by 27.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 731 shares of the semiconductor company’s stock valued at $73,000 after acquiring an additional 158 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Entegris by 121.3% in the fourth quarter. Blue Trust Inc. now owns 768 shares of the semiconductor company’s stock worth $76,000 after acquiring an additional 421 shares during the period.

Insider Activity at Entegris

In other news, SVP Olivier Blachier sold 984 shares of the 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 directly owns 10,903 shares in the company, valued at $1,177,524. This represents a 8.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 transaction, the senior vice president now owns 34,820 shares in the company, valued at $3,722,954.40. The trade was a 26.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

ENTG has been the subject of a number of research reports. Needham & Company LLC restated a “buy” rating and set a $120.00 target price on shares of Entegris in a research report on Friday, February 7th. Mizuho decreased their price objective on Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. KeyCorp dropped their target price on Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. Finally, StockNews.com lowered shares of Entegris from a “hold” rating to a “sell” rating in a report on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $124.88.

Entegris Stock Performance

NASDAQ:ENTG opened at $88.74 on Friday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08. The stock has a market capitalization of $13.43 billion, a PE ratio of 45.98, a P/E/G ratio of 1.50 and a beta of 1.32. Entegris, Inc. has a fifty-two week low of $87.72 and a fifty-two week high of $147.57. The company has a fifty day moving average of $101.34 and a two-hundred day moving average of $104.22.

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

Entegris Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.45%. The ex-dividend date was Wednesday, January 29th. Entegris’s dividend 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).