Arizona State Retirement System Has $4.34 Million Stock Position in Entegris, Inc. (NASDAQ:ENTG)

Arizona State Retirement System increased its stake in Entegris, Inc. (NASDAQ:ENTG) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,828 shares of the semiconductor company’s stock after acquiring an additional 626 shares during the quarter. Arizona State Retirement System’s holdings in Entegris were worth $4,342,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ENTG. Verdence Capital Advisors LLC lifted its stake in Entegris by 41.9% in the fourth quarter. Verdence Capital Advisors LLC now owns 3,226 shares of the semiconductor company’s stock valued at $320,000 after buying an additional 953 shares during the period. Proficio Capital Partners LLC acquired a new position in Entegris in the fourth quarter valued at approximately $42,000. M&T Bank Corp lifted its stake in Entegris by 10.0% in the fourth quarter. M&T Bank Corp now owns 60,728 shares of the semiconductor company’s stock valued at $6,015,000 after buying an additional 5,506 shares during the period. Atria Investments Inc lifted its stake in Entegris by 11.1% in the fourth quarter. Atria Investments Inc now owns 28,896 shares of the semiconductor company’s stock valued at $2,862,000 after buying an additional 2,897 shares during the period. Finally, Torray Investment Partners LLC lifted its stake in Entegris by 0.9% in the fourth quarter. Torray Investment Partners LLC now owns 15,266 shares of the semiconductor company’s stock valued at $1,512,000 after buying an additional 129 shares during the period.

Entegris Trading Up 2.7 %

NASDAQ ENTG opened at $102.93 on Friday. The business has a 50 day moving average price of $102.66 and a 200-day moving average price of $105.83. Entegris, Inc. has a 52 week low of $94.92 and a 52 week high of $147.57. The company has a market cap of $15.56 billion, a price-to-earnings ratio of 53.33, a P/E/G ratio of 1.50 and a beta of 1.32. The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 1.08.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.07. Entegris had a return on equity of 12.83% and a net margin of 9.03%. As a group, equities analysts expect that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.40 annualized dividend and a yield of 0.39%. Entegris’s dividend payout ratio (DPR) is currently 20.73%.

Insider Buying and Selling

In other Entegris news, SVP Olivier Blachier sold 984 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $108.00, for a total value of $106,272.00. Following the transaction, the senior vice president now owns 10,903 shares of the company’s stock, valued at approximately $1,177,524. The trade was a 8.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Clinton M. Haris sold 12,652 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $106.92, for a total value of $1,352,751.84. Following the completion of the transaction, the senior vice president now directly owns 34,820 shares in the company, valued at approximately $3,722,954.40. This represents a 26.65 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $120.00 price target on shares of Entegris in a research note on Friday, February 7th. StockNews.com lowered Entegris from a “hold” rating to a “sell” rating in a research note on Thursday, February 27th. Mizuho decreased their price objective on Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Finally, KeyCorp decreased their price objective on Entegris from $150.00 to $141.00 and set an “overweight” rating for the company in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Entegris has an average rating of “Moderate Buy” and a consensus target price of $124.88.

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).