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

New York State Common Retirement Fund decreased its position in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 25.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 about 0.34% of Entegris worth $57,185,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Innealta Capital LLC purchased a new stake in Entegris in the 2nd quarter worth $26,000. Quarry LP acquired a new position in shares of Entegris during the 2nd quarter worth about $27,000. Summit Securities Group LLC purchased a new position in Entegris in the 2nd quarter valued at about $27,000. Opal Wealth Advisors LLC purchased a new stake in Entegris during the 2nd quarter worth approximately $31,000. Finally, ORG Partners LLC acquired a new position in shares of Entegris during the first quarter valued at approximately $33,000.

Entegris Trading Up 2.2 %

ENTG stock traded up $2.34 during midday trading on Friday, hitting $107.05. 2,099,671 shares of the company's stock were exchanged, compared to its average volume of 1,634,354. Entegris, Inc. has a 1-year low of $84.13 and a 1-year high of $147.57. The company has a current ratio of 3.58, a quick ratio of 2.14 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $16.16 billion, a PE ratio of 87.75, a P/E/G ratio of 1.44 and a beta of 1.24. The business has a 50-day simple moving average of $109.36 and a two-hundred day simple moving average of $121.41.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $812.60 million during the quarter, compared to the consensus estimate of $802.43 million. During the same period last year, the company earned $0.66 EPS. The company's quarterly revenue was down 9.8% on a year-over-year basis. On average, sell-side analysts predict that Entegris, Inc. will post 3.13 EPS for the current fiscal year.

Entegris Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ENTG shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $150.00 price target on shares of Entegris in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Entegris from $160.00 to $145.00 and set a "buy" rating on the stock in a research note on Thursday, August 1st. Mizuho upgraded shares of Entegris from a "neutral" rating to an "outperform" rating and set a $143.00 target price for the company in a research report on Thursday, August 1st. BMO Capital Markets lowered their price target on shares of Entegris from $160.00 to $145.00 and set an "outperform" rating on the stock in a research report on Thursday, August 1st. Finally, Citigroup upgraded shares of Entegris from a "neutral" rating to a "buy" rating and increased their price objective for the company from $119.00 to $130.00 in a report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Entegris presently has an average rating of "Moderate Buy" and a consensus price target of $146.40.

Entegris 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).