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

New York State Common Retirement Fund cut its stake in Entegris, Inc. (NASDAQ:ENTG) by 25.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 508,175 shares of the semiconductor company’s stock after selling 173,524 shares during the period. New York State Common Retirement Fund owned 0.34% of Entegris worth $57,185,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Entegris by 0.8% in the first quarter. Vanguard Group Inc. now owns 14,666,653 shares of the semiconductor company’s stock worth $2,061,251,000 after buying an additional 112,638 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Entegris by 7.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,085,147 shares of the semiconductor company’s stock valued at $1,838,988,000 after purchasing an additional 916,420 shares during the period. Earnest Partners LLC increased its holdings in shares of Entegris by 0.6% during the second quarter. Earnest Partners LLC now owns 1,858,757 shares of the semiconductor company’s stock valued at $251,676,000 after purchasing an additional 11,692 shares during the period. American Century Companies Inc. increased its holdings in shares of Entegris by 20.2% during the second quarter. American Century Companies Inc. now owns 1,523,824 shares of the semiconductor company’s stock valued at $206,326,000 after purchasing an additional 256,186 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Entegris by 7.7% during the second quarter. Envestnet Asset Management Inc. now owns 1,083,217 shares of the semiconductor company’s stock valued at $146,668,000 after purchasing an additional 77,083 shares during the period.

Entegris Trading Up 2.2 %

NASDAQ:ENTG opened at $107.05 on Friday. The company has a quick ratio of 2.14, a current ratio of 3.58 and a debt-to-equity ratio of 1.18. Entegris, Inc. has a 1-year low of $84.13 and a 1-year high of $147.57. The firm has a market capitalization of $16.16 billion, a price-to-earnings ratio of 87.75, a price-to-earnings-growth ratio of 1.44 and a beta of 1.24. The stock has a fifty day simple moving average of $109.36 and a 200 day simple moving average of $121.41.

Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.01. Entegris had a return on equity of 12.03% and a net margin of 5.61%. The business had revenue of $812.60 million during the quarter, compared to analyst estimates of $802.43 million. During the same quarter last year, the company posted $0.66 EPS. Entegris’s revenue for the quarter was down 9.8% on a year-over-year basis. Sell-side analysts forecast that Entegris, Inc. will post 3.13 earnings per share for the current year.

Entegris Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, October 30th will be given a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.37%. Entegris’s dividend payout ratio (DPR) is 32.79%.

Wall Street Analysts Forecast Growth

ENTG has been the topic of a number of research analyst reports. Citigroup raised Entegris from a “neutral” rating to a “buy” rating and raised their price target for the company from $119.00 to $130.00 in a report on Monday, September 16th. Deutsche Bank Aktiengesellschaft lowered their price target on Entegris from $160.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Needham & Company LLC reissued a “buy” rating and set a $150.00 price target on shares of Entegris in a report on Thursday, August 1st. BMO Capital Markets lowered their target price on Entegris from $160.00 to $145.00 and set an “outperform” rating on the stock in a report on Thursday, August 1st. Finally, Mizuho raised Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 target price on the stock in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $146.40.

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).