Arizona State Retirement System Purchases 626 Shares of Entegris, Inc. (NASDAQ:ENTG)

Arizona State Retirement System grew its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,828 shares of the semiconductor company’s stock after buying an additional 626 shares during the period. Arizona State Retirement System’s holdings in Entegris were worth $4,342,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new position in Entegris during the 3rd quarter worth $29,000. Fortitude Family Office LLC increased its position in shares of Entegris by 195.7% in the fourth quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 274 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Entegris in the fourth quarter worth $42,000. Covestor Ltd increased its position in shares of Entegris by 241.8% in the third quarter. Covestor Ltd now owns 417 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 295 shares during the period. Finally, Huntington National Bank increased its position in shares of Entegris by 41.0% in the third quarter. Huntington National Bank now owns 454 shares of the semiconductor company’s stock worth $51,000 after purchasing an additional 132 shares during the period.

Entegris Stock Performance

Entegris stock opened at $102.93 on Friday. Entegris, Inc. has a 12-month low of $94.92 and a 12-month high of $147.57. The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 1.08. The business’s 50-day moving average price is $102.66 and its two-hundred day moving average price is $105.83. The stock has a market cap of $15.56 billion, a PE ratio of 53.33, a P/E/G ratio of 1.50 and a beta of 1.32.

Entegris (NASDAQ:ENTG) last released its earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, beating 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, analysts expect that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date was Wednesday, January 29th. Entegris’s payout ratio is 20.73%.

Analysts Set New Price Targets

ENTG has been the topic of a number of recent analyst reports. StockNews.com cut Entegris from a “hold” rating to a “sell” rating in a research report on Thursday, February 27th. KeyCorp decreased their price target on Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. Mizuho decreased their price target on Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Finally, Needham & Company LLC restated a “buy” rating and issued a $120.00 price target on shares of Entegris in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Entegris currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.88.

Insider Activity

In other news, SVP Clinton M. Haris sold 12,652 shares of Entegris stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the sale, the senior vice president now directly owns 34,820 shares of the company’s stock, valued at approximately $3,722,954.40. This trade represents a 26.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Olivier Blachier sold 984 shares of Entegris stock in a transaction dated 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 directly owns 10,903 shares in the company, valued at $1,177,524. The trade was a 8.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

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).