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

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Entegris, Inc. (NASDAQ:ENTG) by 12.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 112,430 shares of the semiconductor company’s stock after acquiring an additional 12,856 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.07% of Entegris worth $11,310,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Fortitude Family Office LLC raised its position in shares of Entegris by 195.7% in the 4th quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 274 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Entegris during the fourth quarter valued at $42,000. Eagle Bay Advisors LLC increased its position in shares of Entegris by 4,375.0% in 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. Promus Capital LLC purchased a new position in shares of Entegris in the fourth quarter worth about $71,000. Finally, Smartleaf Asset Management LLC raised its position in Entegris by 27.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 731 shares of the semiconductor company’s stock worth $73,000 after buying an additional 158 shares during the last quarter.

Insider Activity at Entegris

In other Entegris news, SVP Olivier Blachier sold 984 shares of Entegris stock in a transaction on Friday, February 21st. The shares were sold at an average price of $108.00, for a total transaction of $106,272.00. Following the sale, the senior vice president now owns 10,903 shares of the company’s stock, valued at $1,177,524. The trade was a 8.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Clinton M. Haris sold 12,652 shares of the stock in a transaction dated Monday, February 10th. The shares were 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 owns 34,820 shares of the company’s stock, valued at $3,722,954.40. This trade represents 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 currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ENTG. KeyCorp cut their price objective on shares of Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a research note on Friday, February 7th. Mizuho cut their price target on Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. StockNews.com cut Entegris from a “hold” rating to a “sell” rating in a report on Monday, March 24th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 target price on shares of Entegris in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $124.88.

Entegris Price Performance

Shares of Entegris stock opened at $87.48 on Tuesday. The firm has a market cap of $13.24 billion, a PE ratio of 45.33, a P/E/G ratio of 1.50 and a beta of 1.32. Entegris, Inc. has a twelve month low of $84.75 and a twelve month high of $147.57. The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 1.08. The business has a 50-day moving average price of $100.96 and a 200 day moving average price of $104.00.

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

Entegris Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th 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, January 29th. Entegris’s payout ratio is 20.73%.

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).