Entegris, Inc. $ENTG Shares Acquired by Police & Firemen s Retirement System of New Jersey

Police & Firemen s Retirement System of New Jersey lifted its stake in Entegris, Inc. (NASDAQ:ENTG) by 4.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 22,796 shares of the semiconductor company’s stock after purchasing an additional 951 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Entegris were worth $1,838,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ENTG. Mackenzie Financial Corp boosted its position in shares of Entegris by 61.4% during the first quarter. Mackenzie Financial Corp now owns 8,891 shares of the semiconductor company’s stock worth $778,000 after buying an additional 3,382 shares during the period. Ground Swell Capital LLC acquired a new position in Entegris during the 1st quarter worth about $330,000. Cresset Asset Management LLC boosted its holdings in Entegris by 20.6% during the 1st quarter. Cresset Asset Management LLC now owns 161,662 shares of the semiconductor company’s stock valued at $14,142,000 after acquiring an additional 27,651 shares during the period. Inspire Investing LLC grew its position in Entegris by 18.5% in the 1st quarter. Inspire Investing LLC now owns 19,227 shares of the semiconductor company’s stock valued at $1,682,000 after acquiring an additional 2,998 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Entegris by 40.4% during the first quarter. Goldman Sachs Group Inc. now owns 2,759,296 shares of the semiconductor company’s stock worth $241,383,000 after purchasing an additional 794,222 shares during the period.

Entegris Price Performance

Shares of ENTG opened at $73.76 on Thursday. The firm has a market capitalization of $11.18 billion, a price-to-earnings ratio of 38.02 and a beta of 1.39. The firm’s fifty day simple moving average is $89.87 and its 200-day simple moving average is $83.70. Entegris, Inc. has a twelve month low of $60.75 and a twelve month high of $112.36. The company has a current ratio of 3.30, a quick ratio of 1.95 and a debt-to-equity ratio of 1.04.

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 net margin of 9.17% and a return on equity of 12.05%. The firm had revenue of $512.84 million during the quarter. Equities analysts forecast that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Stockholders of record on Wednesday, October 29th were issued a $0.10 dividend. The ex-dividend date was Wednesday, October 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. Entegris’s dividend payout ratio is presently 21.16%.

Analysts Set New Price Targets

ENTG has been the subject of several recent research reports. Zacks Research lowered shares of Entegris from a “hold” rating to a “strong sell” rating in a research note on Monday, November 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Entegris in a report on Thursday, November 13th. Oppenheimer started coverage on shares of Entegris in a research note on Thursday, September 4th. They issued a “market perform” rating and a $95.00 price target for the company. KeyCorp reiterated an “overweight” rating and issued a $103.00 price objective (down from $112.00) on shares of Entegris in a research note on Thursday, July 31st. Finally, Mizuho lifted their target price on Entegris from $100.00 to $108.00 and gave the company an “outperform” rating in a report on Friday, October 3rd. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $97.57.

Insider Activity

In other Entegris 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 transaction of $37,785.84. Following the sale, the senior vice president owned 14,124 shares of the company’s stock, valued at approximately $1,093,621.32. This trade represents a 3.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Joseph Colella sold 3,577 shares of the business’s 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 sale, the senior vice president owned 34,364 shares of the company’s stock, valued at $3,038,121.24. This represents a 9.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.67% of the stock is currently owned by company insiders.

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).