Entegris, Inc. (NASDAQ:ENTG) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System reduced its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 6.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,039 shares of the semiconductor company’s stock after selling 555 shares during the period. Maryland State Retirement & Pension System’s holdings in Entegris were worth $796,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in ENTG. Fortitude Family Office LLC raised its stake in Entegris by 195.7% in the 4th quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 274 shares during the last quarter. Promus Capital LLC purchased a new stake in shares of Entegris during the fourth quarter worth $71,000. Eagle Bay Advisors LLC raised its position in shares of Entegris by 4,375.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 716 shares of the semiconductor company’s stock valued at $71,000 after buying an additional 700 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Entegris by 27.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 731 shares of the semiconductor company’s stock worth $73,000 after buying an additional 158 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in Entegris by 121.3% during the fourth quarter. Blue Trust Inc. now owns 768 shares of the semiconductor company’s stock worth $76,000 after acquiring an additional 421 shares during the last quarter.

Insider Buying and Selling at Entegris

In related news, SVP Olivier Blachier sold 984 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $108.00, for a total transaction of $106,272.00. Following the completion of the transaction, the senior vice president now directly owns 10,903 shares in the company, valued at $1,177,524. This trade represents a 8.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Clinton M. Haris sold 12,652 shares of the business’s 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 owns 34,820 shares in the company, valued at $3,722,954.40. This trade represents a 26.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on ENTG. StockNews.com raised shares of Entegris from a “sell” rating to a “hold” rating in a research note on Thursday, March 13th. KeyCorp lowered their price objective on Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a research note on Friday, February 7th. Mizuho cut their target price on Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $120.00 price target on shares of Entegris in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.88.

Entegris Stock Performance

NASDAQ ENTG opened at $96.35 on Monday. The stock has a fifty day simple moving average of $102.24 and a 200-day simple moving average of $104.67. 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 stock has a market cap of $14.58 billion, a PE ratio of 49.92, a P/E/G ratio of 1.50 and a beta of 1.32. Entegris, Inc. has a twelve month low of $92.84 and a twelve month high of $147.57.

Entegris (NASDAQ:ENTG) last announced its 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%. Equities analysts anticipate that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.40 annualized dividend and a yield of 0.42%. Entegris’s dividend payout ratio (DPR) is presently 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).