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

California Public Employees Retirement System lifted its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 17.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 257,147 shares of the semiconductor company’s stock after acquiring an additional 38,557 shares during the period. California Public Employees Retirement System owned 0.17% of Entegris worth $30,811,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ENTG. Legacy Financial Group LLC purchased a new position in Entegris during the 3rd quarter worth approximately $30,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Entegris during the 4th quarter worth approximately $35,000. Quent Capital LLC grew its stake in Entegris by 59.1% during the 4th quarter. Quent Capital LLC now owns 366 shares of the semiconductor company’s stock worth $44,000 after buying an additional 136 shares during the last quarter. Arlington Trust Co LLC purchased a new position in Entegris during the 4th quarter worth approximately $46,000. Finally, NBC Securities Inc. purchased a new position in Entegris during the 3rd quarter worth approximately $135,000.

Insider Buying and Selling

In related news, CAO Michael Sauer sold 1,897 shares of Entegris stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total transaction of $251,428.38. Following the completion of the transaction, the chief accounting officer now directly owns 1,779 shares of the company’s stock, valued at $235,788.66. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, SVP Susan G. Rice sold 17,518 shares of Entegris stock in a transaction on Friday, February 16th. The stock was sold at an average price of $135.86, for a total transaction of $2,379,995.48. Following the completion of the transaction, the senior vice president now directly owns 42,931 shares of the company’s stock, valued at $5,832,605.66. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Michael Sauer sold 1,897 shares of Entegris stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total value of $251,428.38. Following the transaction, the chief accounting officer now directly owns 1,779 shares of the company’s stock, valued at $235,788.66. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,082 shares of company stock valued at $5,606,849. 0.67% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ENTG has been the topic of a number of research reports. The Goldman Sachs Group raised their price target on Entegris from $104.00 to $147.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Needham & Company LLC reiterated a “buy” rating and issued a $150.00 target price on shares of Entegris in a research note on Thursday, March 7th. Mizuho reiterated a “neutral” rating and issued a $140.00 target price on shares of Entegris in a research note on Tuesday, February 20th. Craig Hallum upgraded Entegris from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a research note on Thursday, February 15th. Finally, UBS Group lifted their target price on Entegris from $90.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Entegris has an average rating of “Moderate Buy” and an average target price of $141.64.

Entegris Stock Up 3.2 %

Entegris stock opened at $132.60 on Friday. The company has a debt-to-equity ratio of 1.35, a current ratio of 3.85 and a quick ratio of 2.67. Entegris, Inc. has a 1-year low of $71.16 and a 1-year high of $146.91. The company has a market cap of $19.99 billion, a PE ratio of 111.43 and a beta of 1.32. The stock’s 50 day moving average price is $135.75 and its 200 day moving average price is $118.28.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Tuesday, February 13th. The semiconductor company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. Entegris had a return on equity of 12.00% and a net margin of 5.13%. The firm had revenue of $812.30 million for the quarter, compared to the consensus estimate of $780.95 million. During the same period in the previous year, the business earned $0.83 earnings per share. The company’s revenue for the quarter was down 14.1% compared to the same quarter last year. On average, sell-side analysts predict that Entegris, Inc. will post 3.27 EPS for the current fiscal year.

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 1st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $0.40 annualized dividend and a yield of 0.30%. Entegris’s dividend payout ratio is presently 33.61%.

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).