New York State Common Retirement Fund Trims Stock Position in Entegris, Inc. (NASDAQ:ENTG)

New York State Common Retirement Fund cut its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 15.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 432,019 shares of the semiconductor company’s stock after selling 76,156 shares during the period. New York State Common Retirement Fund’s holdings in Entegris were worth $42,796,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Mountaineer Partners Management LLC increased its position in shares of Entegris by 16,255.1% during the third quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company’s stock valued at $1,242,848,000 after acquiring an additional 10,977,064 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Entegris by 2.0% during the third quarter. Geode Capital Management LLC now owns 2,537,948 shares of the semiconductor company’s stock valued at $284,941,000 after acquiring an additional 49,846 shares during the last quarter. Swedbank AB increased its position in shares of Entegris by 47.7% during the fourth quarter. Swedbank AB now owns 1,550,942 shares of the semiconductor company’s stock valued at $153,636,000 after acquiring an additional 500,581 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of Entegris by 0.9% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,503,656 shares of the semiconductor company’s stock valued at $169,206,000 after acquiring an additional 12,913 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Entegris by 8.2% during the fourth quarter. Principal Financial Group Inc. now owns 1,493,201 shares of the semiconductor company’s stock valued at $147,917,000 after acquiring an additional 113,238 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ENTG. BMO Capital Markets dropped their price target on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Craig Hallum dropped their price objective on shares of Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Needham & Company LLC restated a “buy” rating and issued a $120.00 price objective on shares of Entegris in a report on Friday, February 7th. Finally, Mizuho dropped their price objective on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Entegris currently has an average rating of “Moderate Buy” and an average target price of $128.78.

Entegris Trading Down 0.7 %

NASDAQ ENTG opened at $107.26 on Friday. 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, Inc. has a 52 week low of $94.92 and a 52 week high of $147.57. The stock has a market capitalization of $16.21 billion, a PE ratio of 55.58, a price-to-earnings-growth ratio of 1.51 and a beta of 1.24. The firm has a 50 day moving average of $103.14 and a two-hundred day moving average of $106.31.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.77 by $0.07. Entegris had a net margin of 9.03% and a return on equity of 12.83%. As a group, research analysts expect 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. Shareholders of record on Wednesday, January 29th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.37%. The ex-dividend date of this dividend was Wednesday, January 29th. Entegris’s dividend payout ratio (DPR) is presently 20.73%.

Insiders Place Their Bets

In other Entegris news, SVP Clinton M. Haris sold 12,652 shares of the business’s 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 transaction, the senior vice president now owns 34,820 shares in the company, valued at $3,722,954.40. The trade was a 26.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.67% of the stock is currently owned by company insiders.

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).