Entegris, Inc. (NASDAQ:ENTG) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 15.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 432,019 shares of the semiconductor company’s stock after selling 76,156 shares during the quarter. New York State Common Retirement Fund owned approximately 0.29% of Entegris worth $42,796,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new stake in Entegris during the third quarter valued at $29,000. Blue Trust Inc. grew its position in Entegris by 221.3% during the third quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 239 shares during the period. Fortitude Family Office LLC grew its position in Entegris by 195.7% during the fourth quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 274 shares during the period. Covestor Ltd grew its position in Entegris by 241.8% during the third quarter. Covestor Ltd now owns 417 shares of the semiconductor company’s stock valued at $47,000 after buying an additional 295 shares during the period. Finally, Huntington National Bank grew its position in Entegris by 41.0% during the third quarter. Huntington National Bank now owns 454 shares of the semiconductor company’s stock valued at $51,000 after buying an additional 132 shares during the period.

Entegris Stock Performance

NASDAQ:ENTG opened at $107.26 on Friday. The company’s 50-day moving average price is $103.14 and its 200-day moving average price is $106.31. 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 company has a market cap of $16.21 billion, a P/E ratio of 55.58, a P/E/G ratio of 1.51 and a beta of 1.24. Entegris, Inc. has a twelve month low of $94.92 and a twelve month high of $147.57.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share 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%. On average, sell-side analysts forecast that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend was Wednesday, January 29th. Entegris’s dividend payout ratio is currently 20.73%.

Insider Transactions at Entegris

In other Entegris news, SVP Clinton M. Haris sold 12,652 shares of Entegris stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the transaction, the senior vice president now directly owns 34,820 shares of the company’s stock, valued at $3,722,954.40. The trade was a 26.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

ENTG has been the topic of several analyst reports. StockNews.com upgraded shares of Entegris from a “sell” rating to a “hold” rating in a research report on Wednesday. Craig Hallum decreased their price objective on shares of Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. BMO Capital Markets decreased their price objective on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 price objective on shares of Entegris in a report on Friday, February 7th. Finally, Mizuho decreased their price objective on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.78.

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).