State of New Jersey Common Pension Fund D Decreases Stock Holdings in Entegris, Inc. (NASDAQ:ENTG)

State of New Jersey Common Pension Fund D decreased its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 4.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,186 shares of the semiconductor company’s stock after selling 2,531 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Entegris were worth $5,170,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Creative Planning raised its stake in shares of Entegris by 17.9% in the third quarter. Creative Planning now owns 14,212 shares of the semiconductor company’s stock valued at $1,599,000 after acquiring an additional 2,153 shares during the period. Blue Trust Inc. raised its stake in shares of Entegris by 221.3% in the third quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 239 shares during the period. Sequoia Financial Advisors LLC raised its stake in shares of Entegris by 34.6% in the third quarter. Sequoia Financial Advisors LLC now owns 2,335 shares of the semiconductor company’s stock valued at $263,000 after acquiring an additional 600 shares during the period. Signaturefd LLC raised its stake in shares of Entegris by 31.7% in the third quarter. Signaturefd LLC now owns 1,852 shares of the semiconductor company’s stock valued at $208,000 after acquiring an additional 446 shares during the period. Finally, Eastern Bank purchased a new stake in shares of Entegris in the third quarter valued at $682,000.

Insider Activity

In other news, SVP Clinton M. Haris sold 12,652 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were 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 directly owns 34,820 shares in the company, valued at approximately $3,722,954.40. This trade represents a 26.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on ENTG shares. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. KeyCorp reduced their target price on shares of Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a research note on Friday, February 7th. UBS Group reduced their price target on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Craig Hallum reduced their price target on shares of Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 price target on shares of Entegris in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $128.78.

Entegris Stock Up 0.5 %

Shares of Entegris stock opened at $107.99 on Thursday. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.08 and a quick ratio of 1.86. Entegris, Inc. has a 1 year low of $94.92 and a 1 year high of $147.57. The firm’s 50-day moving average is $103.14 and its two-hundred day moving average is $106.31. The stock has a market cap of $16.32 billion, a price-to-earnings ratio of 55.95, a PEG ratio of 1.50 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.07. Entegris had a net margin of 9.03% and a return on equity of 12.83%. As a group, research analysts expect that Entegris, Inc. will post 3.51 earnings per share 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. This represents a $0.40 annualized dividend and a yield of 0.37%. The ex-dividend date was Wednesday, January 29th. Entegris’s payout ratio is 20.73%.

About Entegris

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).