Entegris, Inc. (NASDAQ:ENTG) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System reduced its position in Entegris, Inc. (NASDAQ:ENTG) by 5.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 187,099 shares of the semiconductor company’s stock after selling 11,731 shares during the quarter. California Public Employees Retirement System owned about 0.12% of Entegris worth $18,534,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ENTG. FMR LLC grew its position in Entegris by 130.9% during the 3rd quarter. FMR LLC now owns 272,833 shares of the semiconductor company’s stock worth $30,702,000 after purchasing an additional 154,658 shares during the last quarter. Benjamin Edwards Inc. grew its holdings in shares of Entegris by 33,412.5% during the third quarter. Benjamin Edwards Inc. now owns 2,681 shares of the semiconductor company’s stock worth $302,000 after buying an additional 2,673 shares during the last quarter. Hilltop Holdings Inc. acquired a new position in Entegris in the 3rd quarter valued at about $250,000. Investment Management Corp of Ontario raised its stake in Entegris by 47.2% during the 3rd quarter. Investment Management Corp of Ontario now owns 4,988 shares of the semiconductor company’s stock valued at $561,000 after acquiring an additional 1,600 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its position in Entegris by 849.2% during the 3rd quarter. Quantinno Capital Management LP now owns 31,190 shares of the semiconductor company’s stock worth $3,510,000 after acquiring an additional 27,904 shares during the period.

Wall Street Analyst Weigh In

ENTG has been the subject of several analyst reports. KeyCorp cut their price target on Entegris from $150.00 to $141.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. Needham & Company LLC restated a “buy” rating and issued a $120.00 target price on shares of Entegris in a research note on Friday, February 7th. Mizuho dropped their price target on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Finally, StockNews.com upgraded shares of Entegris from a “sell” rating to a “hold” rating in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $124.88.

Insiders Place Their Bets

In related news, SVP Clinton M. Haris sold 12,652 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $106.92, for a total value of $1,352,751.84. Following the sale, the senior vice president now owns 34,820 shares of the company’s stock, valued at approximately $3,722,954.40. This represents a 26.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Olivier Blachier sold 984 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $108.00, for a total value of $106,272.00. Following the sale, the senior vice president now owns 10,903 shares in the company, valued at approximately $1,177,524. This trade represents a 8.28 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by company insiders.

Entegris Price Performance

ENTG stock opened at $65.39 on Friday. The company has a market cap of $9.89 billion, a price-to-earnings ratio of 33.88, a PEG ratio of 1.50 and a beta of 1.36. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08. The firm has a 50 day moving average of $98.67 and a 200-day moving average of $103.17. Entegris, Inc. has a 12-month low of $61.27 and a 12-month high of $147.57.

Entegris (NASDAQ:ENTG) last posted its earnings results on Thursday, February 6th. The semiconductor company reported $0.84 EPS for the quarter, topping 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%. As a group, equities analysts expect that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Wednesday, January 29th. This represents a $0.40 annualized dividend and a yield of 0.61%. Entegris’s dividend payout ratio (DPR) is currently 20.73%.

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).