State of New Jersey Common Pension Fund D Cuts Stock Position in Entegris, Inc. (NASDAQ:ENTG)

State of New Jersey Common Pension Fund D lowered its position in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 4.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,186 shares of the semiconductor company's stock after selling 2,531 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Entegris were worth $5,170,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new stake in Entegris in the third quarter valued at $29,000. Blue Trust Inc. boosted its holdings in Entegris by 221.3% during the third quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company's stock worth $39,000 after purchasing an additional 239 shares during the last quarter. Fortitude Family Office LLC lifted its position in shares of Entegris by 195.7% during the 4th quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company's stock worth $41,000 after buying an additional 274 shares in the last quarter. Covestor Ltd boosted its stake in shares of Entegris by 241.8% in the 3rd quarter. Covestor Ltd now owns 417 shares of the semiconductor company's stock worth $47,000 after buying an additional 295 shares during the last quarter. Finally, Huntington National Bank grew its holdings in shares of Entegris by 41.0% in the third quarter. Huntington National Bank now owns 454 shares of the semiconductor company's stock valued at $51,000 after acquiring an additional 132 shares in the last quarter.

Insider Transactions at Entegris

In other Entegris news, SVP Clinton M. Haris sold 12,652 shares of Entegris stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the completion of the sale, the senior vice president now directly owns 34,820 shares in the company, valued at $3,722,954.40. The trade was a 26.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.67% of the company's stock.

Entegris Stock Performance

Entegris stock traded down $3.17 during mid-day trading on Friday, reaching $104.09. The company's stock had a trading volume of 2,379,834 shares, compared to its average volume of 2,216,934. The company has a market capitalization of $15.73 billion, a P/E ratio of 53.93, a PEG ratio of 1.50 and a beta of 1.24. The firm's fifty day moving average price is $103.09 and its two-hundred day moving average price is $106.33. Entegris, Inc. has a 12-month low of $94.92 and a 12-month high of $147.57. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08.

Entegris (NASDAQ:ENTG - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.07. Entegris had a return on equity of 12.83% and a net margin of 9.03%. Sell-side analysts predict that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. Entegris's dividend payout ratio (DPR) is currently 20.73%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ENTG shares. Mizuho cut their price objective on Entegris from $125.00 to $120.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 7th. Citigroup decreased their price objective on shares of Entegris from $130.00 to $123.00 and set a "buy" rating for the company in a report on Wednesday, November 6th. Craig Hallum lowered their price objective on shares of Entegris from $150.00 to $130.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. Needham & Company LLC reissued a "buy" rating and set a $120.00 target price on shares of Entegris in a research report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Entegris from $145.00 to $115.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Entegris currently has an average rating of "Moderate Buy" and an average target price of $128.78.

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).