Strs Ohio Acquires 7,064 Shares of Entegris, Inc. (NASDAQ:ENTG)

Strs Ohio grew its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 8.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 88,956 shares of the semiconductor company’s stock after acquiring an additional 7,064 shares during the period. Strs Ohio owned about 0.06% of Entegris worth $10,658,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Mn Services Vermogensbeheer B.V. boosted its holdings in Entegris by 0.7% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 71,800 shares of the semiconductor company’s stock valued at $8,603,000 after acquiring an additional 500 shares during the last quarter. WCM Investment Management LLC boosted its stake in shares of Entegris by 0.4% in the 4th quarter. WCM Investment Management LLC now owns 5,173,163 shares of the semiconductor company’s stock valued at $628,177,000 after purchasing an additional 22,249 shares during the last quarter. NewEdge Wealth LLC acquired a new stake in shares of Entegris during the fourth quarter worth $502,000. Cerity Partners LLC raised its stake in Entegris by 332.9% during the fourth quarter. Cerity Partners LLC now owns 12,740 shares of the semiconductor company’s stock worth $1,527,000 after buying an additional 9,797 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Entegris by 81.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 335,375 shares of the semiconductor company’s stock valued at $40,185,000 after buying an additional 150,157 shares during the period.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ENTG shares. Mizuho reissued a “neutral” rating and issued a $140.00 price objective on shares of Entegris in a research note on Tuesday, February 20th. Craig Hallum raised Entegris from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a research note on Thursday, February 15th. UBS Group raised their price objective on shares of Entegris from $90.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. The Goldman Sachs Group increased their target price on shares of Entegris from $104.00 to $147.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Finally, StockNews.com downgraded shares of Entegris from a “hold” rating to a “sell” rating in a research note on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $141.64.

Insider Transactions at Entegris

In related news, CAO Michael Sauer sold 1,897 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $132.54, for a total transaction of $251,428.38. Following the transaction, the chief accounting officer now directly owns 1,779 shares of the company’s stock, valued at $235,788.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Michael Sauer sold 1,897 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total transaction of $251,428.38. Following the completion of the sale, the chief accounting officer now directly owns 1,779 shares of the company’s stock, valued at $235,788.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel D. Woodland sold 9,000 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $139.50, for a total value of $1,255,500.00. Following the completion of the transaction, the insider now owns 32,730 shares of the company’s stock, valued at approximately $4,565,835. The disclosure for this sale can be found here. Insiders sold a total of 41,082 shares of company stock worth $5,606,849 in the last quarter. 0.67% of the stock is currently owned by corporate insiders.

Entegris Price Performance

ENTG stock opened at $129.25 on Thursday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.67 and a current ratio of 3.85. The business has a 50-day simple moving average of $136.09 and a two-hundred day simple moving average of $116.68. The company has a market capitalization of $19.48 billion, a P/E ratio of 108.61 and a beta of 1.32. Entegris, Inc. has a 52-week low of $69.37 and a 52-week high of $146.91.

Entegris (NASDAQ:ENTG) last announced its earnings results on Tuesday, February 13th. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.06. The company had revenue of $812.30 million for the quarter, compared to analysts’ expectations of $780.95 million. Entegris had a return on equity of 12.00% and a net margin of 5.13%. Entegris’s quarterly revenue was down 14.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.83 earnings per share. Research analysts expect that Entegris, Inc. will post 3.31 EPS for the current fiscal year.

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).