Mitsubishi UFJ Trust & Banking Corp Sells 82,141 Shares of Entegris, Inc. $ENTG

Mitsubishi UFJ Trust & Banking Corp lowered its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 56.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 62,838 shares of the semiconductor company’s stock after selling 82,141 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Entegris were worth $5,810,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Entegris during the second quarter valued at about $25,000. ORG Wealth Partners LLC raised its holdings in Entegris by 862.1% in the 3rd quarter. ORG Wealth Partners LLC now owns 279 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 250 shares during the last quarter. Quent Capital LLC acquired a new stake in Entegris during the 3rd quarter worth approximately $34,000. Hoese & Co LLP bought a new stake in Entegris during the 2nd quarter worth approximately $44,000. Finally, Tripletail Wealth Management LLC acquired a new position in Entegris in the 3rd quarter valued at approximately $49,000.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Wall Street Zen raised shares of Entegris from a “sell” rating to a “hold” rating in a research note on Friday, October 3rd. KeyCorp upped their price target on Entegris from $107.00 to $111.00 and gave the company an “overweight” rating in a research report on Friday, January 9th. Citigroup increased their price target on Entegris from $100.00 to $145.00 and gave the company a “buy” rating in a research note on Monday. Mizuho cut their price objective on Entegris from $108.00 to $96.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. Finally, The Goldman Sachs Group downgraded shares of Entegris from a “neutral” rating to a “sell” rating and decreased their target price for the company from $88.00 to $75.00 in a research report on Monday, December 15th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $111.00.

Insiders Place Their Bets

In related news, SVP Clinton M. Haris sold 5,830 shares of the company’s stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $120.00, for a total transaction of $699,600.00. Following the transaction, the senior vice president directly owned 37,743 shares of the company’s stock, valued at approximately $4,529,160. This represents a 13.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Olivier Blachier sold 488 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $77.43, for a total value of $37,785.84. Following the completion of the sale, the senior vice president directly owned 14,124 shares of the company’s stock, valued at $1,093,621.32. This trade represents a 3.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 69,473 shares of company stock worth $5,666,033 over the last three months. Insiders own 0.67% of the company’s stock.

Entegris Stock Performance

Shares of ENTG stock opened at $122.71 on Friday. The firm has a 50 day moving average of $94.40 and a 200-day moving average of $89.11. The company has a market cap of $18.60 billion, a price-to-earnings ratio of 64.93 and a beta of 1.31. The company has a quick ratio of 2.13, a current ratio of 3.44 and a debt-to-equity ratio of 0.99. Entegris, Inc. has a 52 week low of $60.75 and a 52 week high of $124.00.

Entegris (NASDAQ:ENTG) last issued its earnings results on Thursday, October 30th. The semiconductor company reported $0.72 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.72. The business had revenue of $807.10 million for the quarter, compared to analyst estimates of $804.63 million. Entegris had a net margin of 8.95% and a return on equity of 11.61%. Entegris’s revenue was down .1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.77 earnings per share. On average, equities analysts forecast that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 18th. Stockholders of record on Wednesday, January 28th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, January 28th. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. Entegris’s dividend payout ratio (DPR) is currently 21.16%.

Entegris Company Profile

Entegris, Inc is a leading provider of advanced materials and process control solutions for the semiconductor and other high-technology industries. The company develops and supplies a broad portfolio of products designed to ensure purity and reliability throughout the manufacturing process, helping customers address critical contamination and yield challenges.

Entegris’s product offerings include high-purity chemicals and specialty materials, liquid and gas filtration and purification systems, and sophisticated wafer and chip handling solutions.