Mutual of America Capital Management LLC Makes New $6.80 Million Investment in Entegris, Inc. (NASDAQ:ENTG)

Mutual of America Capital Management LLC purchased a new position in shares of Entegris, Inc. (NASDAQ:ENTG) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 77,782 shares of the semiconductor company’s stock, valued at approximately $6,804,000.

Other large investors have also recently bought and sold shares of the company. Central Pacific Bank Trust Division boosted its holdings in shares of Entegris by 125.7% in the 1st quarter. Central Pacific Bank Trust Division now owns 307 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 171 shares during the last quarter. Quarry LP acquired a new stake in shares of Entegris in the 4th quarter valued at approximately $28,000. Neo Ivy Capital Management acquired a new stake in shares of Entegris in the 4th quarter valued at approximately $34,000. Curat Global LLC acquired a new stake in shares of Entegris in the 1st quarter valued at approximately $39,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Entegris in the 4th quarter valued at approximately $42,000.

Entegris Stock Down 1.5%

ENTG opened at $86.23 on Tuesday. Entegris, Inc. has a 1-year low of $60.75 and a 1-year high of $147.40. The stock’s fifty day simple moving average is $78.52 and its 200 day simple moving average is $88.17. The company has a current ratio of 3.26, a quick ratio of 1.95 and a debt-to-equity ratio of 1.06. The stock has a market cap of $13.06 billion, a PE ratio of 42.27, a price-to-earnings-growth ratio of 1.96 and a beta of 1.27.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.02). The firm had revenue of $773.20 million for the quarter, compared to the consensus estimate of $790.75 million. Entegris had a return on equity of 12.48% and a net margin of 9.57%. The firm’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.68 EPS. As a group, research analysts expect that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, April 30th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.46%. The ex-dividend date was Wednesday, April 30th. Entegris’s payout ratio is 19.61%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Wall Street Zen downgraded Entegris from a “hold” rating to a “sell” rating in a report on Saturday, April 19th. KeyCorp cut their price objective on Entegris from $117.00 to $112.00 and set an “overweight” rating for the company in a report on Monday. Citigroup cut their price objective on Entegris from $125.00 to $102.00 and set a “buy” rating for the company in a report on Thursday, May 8th. UBS Group cut their price objective on Entegris from $90.00 to $85.00 and set a “neutral” rating for the company in a report on Thursday, May 8th. Finally, The Goldman Sachs Group began coverage on Entegris in a research note on Thursday, July 10th. They issued a “neutral” rating and a $85.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Entegris currently has an average rating of “Moderate Buy” and an average target price of $109.33.

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).