Dai ichi Life Insurance Company Ltd Sells 14,000 Shares of Entegris, Inc. (NASDAQ:ENTG)

Dai ichi Life Insurance Company Ltd lessened its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 81.2% in the third quarter, HoldingsChannel.com reports. The fund owned 3,246 shares of the semiconductor company’s stock after selling 14,000 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Entegris were worth $365,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of ENTG. Earnest Partners LLC lifted its position in Entegris by 0.6% during the second quarter. Earnest Partners LLC now owns 1,858,757 shares of the semiconductor company’s stock valued at $251,676,000 after purchasing an additional 11,692 shares during the last quarter. American Century Companies Inc. raised its position in shares of Entegris by 20.2% during the 2nd quarter. American Century Companies Inc. now owns 1,523,824 shares of the semiconductor company’s stock valued at $206,326,000 after buying an additional 256,186 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Entegris by 0.9% during the 3rd 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 during the last quarter. Principal Financial Group Inc. grew its position in Entegris by 130.8% in the third 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 in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Entegris by 7.7% in the second 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 during the last quarter.

Entegris Stock Performance

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

Entegris (NASDAQ:ENTG) last released 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 the consensus estimate of $832.44 million. During the same period in the previous year, the company earned $0.68 EPS. The company’s revenue for the quarter was down 9.1% on a year-over-year basis. As a group, equities analysts anticipate that Entegris, Inc. will post 2.99 EPS for the current year.

Entegris Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, October 30th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend was Wednesday, October 30th. Entegris’s payout ratio is 26.49%.

Analysts Set New Price Targets

Several brokerages have issued reports on ENTG. KeyCorp dropped their price target on Entegris from $164.00 to $154.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Needham & Company LLC restated a “buy” rating and issued a $150.00 target price on shares of Entegris in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. UBS Group lowered their price objective on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Finally, Mizuho reduced their target price on shares of Entegris from $143.00 to $125.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $135.40.

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).