Commonwealth of Pennsylvania Public School Empls Retrmt SYS Boosts Stock Position in Entegris, Inc. $ENTG

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 7.7% during the second quarter, Holdings Channel reports. The firm owned 38,899 shares of the semiconductor company’s stock after acquiring an additional 2,773 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Entegris were worth $3,137,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of ENTG. DAVENPORT & Co LLC grew its position in shares of Entegris by 1.3% in the 2nd quarter. DAVENPORT & Co LLC now owns 8,450 shares of the semiconductor company’s stock worth $681,000 after buying an additional 110 shares during the last quarter. Alpine Bank Wealth Management boosted its holdings in Entegris by 73.7% in the second quarter. Alpine Bank Wealth Management now owns 311 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 132 shares in the last quarter. MAI Capital Management increased its position in Entegris by 19.7% during the 1st quarter. MAI Capital Management now owns 864 shares of the semiconductor company’s stock valued at $76,000 after purchasing an additional 142 shares during the period. First Hawaiian Bank raised its holdings in Entegris by 0.9% in the 1st quarter. First Hawaiian Bank now owns 15,786 shares of the semiconductor company’s stock worth $1,381,000 after purchasing an additional 143 shares in the last quarter. Finally, Landscape Capital Management L.L.C. lifted its position in shares of Entegris by 7.5% in the 1st quarter. Landscape Capital Management L.L.C. now owns 2,345 shares of the semiconductor company’s stock worth $205,000 after purchasing an additional 164 shares during the period.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ENTG shares. Zacks Research cut shares of Entegris from a “hold” rating to a “strong sell” rating in a research report on Monday, November 3rd. UBS Group cut their price objective on Entegris from $95.00 to $90.00 and set a “neutral” rating on the stock in a research report on Thursday, July 31st. Weiss Ratings reissued a “hold (c)” rating on shares of Entegris in a research report on Thursday, November 13th. Wall Street Zen upgraded Entegris from a “sell” rating to a “hold” rating in a research note on Friday, October 3rd. Finally, Oppenheimer assumed coverage on Entegris in a research note on Thursday, September 4th. They issued a “market perform” rating and a $95.00 price target on the stock. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $97.57.

Insider Transactions at Entegris

In related news, SVP Olivier Blachier sold 488 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $77.43, for a total value of $37,785.84. Following the sale, the senior vice president owned 14,124 shares in the company, valued at approximately $1,093,621.32. This trade represents a 3.34% 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 Joseph Colella sold 3,577 shares of Entegris stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $88.41, for a total transaction of $316,242.57. Following the completion of the sale, the senior vice president directly owned 34,364 shares of the company’s stock, valued at approximately $3,038,121.24. This trade represents a 9.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.67% of the company’s stock.

Entegris Stock Up 1.4%

NASDAQ:ENTG opened at $73.76 on Thursday. Entegris, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $112.36. The firm has a market cap of $11.18 billion, a P/E ratio of 38.02 and a beta of 1.39. The firm has a 50-day simple moving average of $89.87 and a two-hundred day simple moving average of $83.70. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.95 and a current ratio of 3.30.

Entegris (NASDAQ:ENTG) last issued its earnings results on Wednesday, July 6th. The semiconductor company reported $0.70 EPS for the quarter. Entegris had a return on equity of 12.05% and a net margin of 9.17%.The business had revenue of $512.84 million for the quarter. Analysts predict that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Wednesday, October 29th were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, October 29th. This represents a $0.40 annualized dividend and a yield of 0.5%. Entegris’s dividend payout ratio is currently 21.16%.

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).