Daiwa Securities Group Inc. Purchases 462 Shares of Entegris, Inc. (NASDAQ:ENTG)

Daiwa Securities Group Inc. increased its position in Entegris, Inc. (NASDAQ:ENTG) by 3.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,379 shares of the semiconductor company’s stock after acquiring an additional 462 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Entegris were worth $1,483,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ENTG. Legacy Financial Group LLC bought a new position in shares of Entegris in the third quarter valued at approximately $30,000. Quent Capital LLC lifted its position in Entegris by 59.1% during the fourth quarter. Quent Capital LLC now owns 366 shares of the semiconductor company’s stock valued at $44,000 after purchasing an additional 136 shares during the last quarter. Arlington Trust Co LLC bought a new stake in Entegris during the fourth quarter valued at approximately $46,000. NBC Securities Inc. bought a new stake in Entegris during the third quarter valued at approximately $135,000. Finally, Signaturefd LLC lifted its position in Entegris by 32.6% during the third quarter. Signaturefd LLC now owns 1,501 shares of the semiconductor company’s stock valued at $141,000 after purchasing an additional 369 shares during the last quarter.

Analyst Ratings Changes

ENTG has been the subject of several research analyst reports. KeyCorp lifted their target price on shares of Entegris from $136.00 to $164.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. UBS Group lifted their target price on shares of Entegris from $90.00 to $130.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. The Goldman Sachs Group lifted their target price on shares of Entegris from $104.00 to $147.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Wolfe Research initiated coverage on shares of Entegris in a research report on Friday, March 1st. They set an “outperform” rating and a $160.00 target price for the company. Finally, StockNews.com downgraded shares of Entegris from a “hold” rating to a “sell” rating in a research note on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $141.64.

Insider Buying and Selling

In related news, CAO Michael Sauer sold 1,897 shares of Entegris stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $132.54, for a total value of $251,428.38. Following the transaction, the chief accounting officer now directly owns 1,779 shares of the company’s stock, valued at $235,788.66. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CAO Michael Sauer sold 1,897 shares of Entegris stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $132.54, for a total value of $251,428.38. Following the sale, the chief accounting officer now owns 1,779 shares in the company, valued at $235,788.66. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Michael Besnard sold 12,667 shares of Entegris stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $135.78, for a total transaction of $1,719,925.26. Following the completion of the sale, the senior vice president now owns 10,213 shares in the company, valued at approximately $1,386,721.14. The disclosure for this sale can be found here. Insiders have sold a total of 41,082 shares of company stock valued at $5,606,849 over the last three months. 0.67% of the stock is owned by company insiders.

Entegris Trading Up 1.7 %

ENTG stock opened at $126.17 on Wednesday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.67 and a current ratio of 3.85. Entegris, Inc. has a one year low of $69.37 and a one year high of $146.91. The company’s 50 day moving average price is $136.04 and its two-hundred day moving average price is $117.73. The company has a market capitalization of $19.02 billion, a PE ratio of 106.03 and a beta of 1.32.

Entegris (NASDAQ:ENTG) last issued its earnings results on Tuesday, February 13th. The semiconductor company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.59 by $0.06. Entegris had a net margin of 5.13% and a return on equity of 12.00%. The company had revenue of $812.30 million for the quarter, compared to the consensus estimate of $780.95 million. During the same period in the previous year, the firm earned $0.83 earnings per share. The firm’s revenue for the quarter was down 14.1% on a year-over-year basis. As a group, analysts predict that Entegris, Inc. will post 3.31 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 1st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.32%. The ex-dividend date is Tuesday, April 30th. Entegris’s payout ratio is 33.61%.

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).