Sumitomo Life Insurance Co. Boosts Holdings in Entegris, Inc. (NASDAQ:ENTG)

Sumitomo Life Insurance Co. raised its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 4.5% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 7,940 shares of the semiconductor company’s stock after buying an additional 343 shares during the period. Sumitomo Life Insurance Co.’s holdings in Entegris were worth $893,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of ENTG. Inspire Advisors LLC grew its position in Entegris by 1.3% during the first quarter. Inspire Advisors LLC now owns 5,785 shares of the semiconductor company’s stock valued at $813,000 after buying an additional 77 shares during the period. Wedmont Private Capital increased its position in shares of Entegris by 5.9% in the second quarter. Wedmont Private Capital now owns 1,609 shares of the semiconductor company’s stock valued at $232,000 after buying an additional 90 shares in the last quarter. Everpar Advisors LLC lifted its position in shares of Entegris by 6.5% during the 2nd quarter. Everpar Advisors LLC now owns 1,656 shares of the semiconductor company’s stock valued at $224,000 after buying an additional 101 shares in the last quarter. Arizona State Retirement System grew its stake in Entegris by 0.3% in the 2nd quarter. Arizona State Retirement System now owns 41,406 shares of the semiconductor company’s stock valued at $5,606,000 after acquiring an additional 105 shares during the period. Finally, Fulton Bank N.A. increased its holdings in Entegris by 0.9% in the 2nd quarter. Fulton Bank N.A. now owns 11,703 shares of the semiconductor company’s stock worth $1,585,000 after acquiring an additional 108 shares in the last quarter.

Wall Street Analysts Forecast Growth

ENTG has been the topic of several recent analyst reports. Citigroup raised shares of Entegris from a “neutral” rating to a “buy” rating and increased their price objective for the company from $119.00 to $130.00 in a report on Monday, September 16th. Mizuho upgraded Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price objective on the stock in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft reduced their target price on Entegris from $160.00 to $145.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $150.00 price target on shares of Entegris in a research note on Thursday, August 1st. Finally, BMO Capital Markets reduced their price objective on Entegris from $160.00 to $145.00 and set an “outperform” rating for the company in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $146.40.

Entegris Stock Down 0.3 %

Shares of NASDAQ:ENTG opened at $102.33 on Thursday. Entegris, Inc. has a 52-week low of $84.13 and a 52-week high of $147.57. The company has a quick ratio of 2.14, a current ratio of 3.58 and a debt-to-equity ratio of 1.18. The business has a fifty day moving average of $110.72 and a two-hundred day moving average of $124.00. The stock has a market cap of $15.43 billion, a P/E ratio of 49.20, a PEG ratio of 1.48 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.01. The firm had revenue of $812.60 million during the quarter, compared to analysts’ expectations of $802.43 million. Entegris had a net margin of 5.61% and a return on equity of 12.03%. Entegris’s revenue was down 9.8% compared to the same quarter last year. During the same period last year, the business earned $0.66 earnings per share. On average, research analysts expect that Entegris, Inc. will post 3.13 earnings per share for the current year.

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).