Entegris, Inc. $ENTG Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System lowered its stake in Entegris, Inc. (NASDAQ:ENTG) by 2.2% in the first quarter, HoldingsChannel reports. The institutional investor owned 236,045 shares of the semiconductor company’s stock after selling 5,397 shares during the period. California State Teachers Retirement System’s holdings in Entegris were worth $27,674,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Steph & Co. purchased a new stake in shares of Entegris during the fourth quarter valued at $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Entegris in the 4th quarter worth $29,000. Millstone Evans Group LLC raised its stake in Entegris by 191.3% in the 1st quarter. Millstone Evans Group LLC now owns 268 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 176 shares during the last quarter. Johnson Financial Group Inc. lifted its position in Entegris by 147.5% during the 4th quarter. Johnson Financial Group Inc. now owns 396 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 236 shares during the period. Finally, First Horizon Corp lifted its position in Entegris by 147.1% during the 1st quarter. First Horizon Corp now owns 299 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 178 shares during the period.

Insider Activity

In related news, SVP Joseph Colella sold 6,326 shares of Entegris stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $140.17, for a total transaction of $886,715.42. Following the completion of the transaction, the senior vice president directly owned 50,121 shares in the company, valued at approximately $7,025,460.57. This trade represents a 11.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Olivier Blachier sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $140.04, for a total value of $280,080.00. Following the completion of the transaction, the senior vice president directly owned 34,897 shares of the company’s stock, valued at $4,886,975.88. The trade was a 5.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 44,466 shares of company stock valued at $6,186,624 over the last 90 days. Company insiders own 0.53% of the company’s stock.

Analyst Upgrades and Downgrades

ENTG has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on Entegris from $145.00 to $155.00 and gave the company a “hold” rating in a research note on Monday, July 6th. UBS Group lifted their target price on Entegris from $185.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, May 1st. BMO Capital Markets lifted their target price on Entegris from $153.00 to $167.00 and gave the stock an “outperform” rating in a report on Monday, July 6th. Weiss Ratings upgraded Entegris from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Finally, Mizuho increased their price target on shares of Entegris from $180.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Entegris has an average rating of “Moderate Buy” and an average target price of $164.22.

Entegris Price Performance

NASDAQ:ENTG opened at $119.05 on Friday. The firm’s fifty day moving average is $144.65 and its two-hundred day moving average is $133.48. The firm has a market cap of $18.16 billion, a price-to-earnings ratio of 68.82, a PEG ratio of 1.39 and a beta of 1.31. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.05 and a current ratio of 3.21. Entegris, Inc. has a one year low of $67.97 and a one year high of $186.94.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.11. The business had revenue of $811.90 million during the quarter, compared to analyst estimates of $808.72 million. Entegris had a return on equity of 11.45% and a net margin of 8.18%.The company’s revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the business posted $0.67 EPS. Research analysts expect that Entegris, Inc. will post 3.65 EPS for the current year.

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Wednesday, July 29th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Wednesday, July 29th. Entegris’s dividend payout ratio (DPR) is 23.12%.

About Entegris

Entegris, Inc is a leading provider of advanced materials and process control solutions for the semiconductor and other high-technology industries. The company develops and supplies a broad portfolio of products designed to ensure purity and reliability throughout the manufacturing process, helping customers address critical contamination and yield challenges.

Entegris’s product offerings include high-purity chemicals and specialty materials, liquid and gas filtration and purification systems, and sophisticated wafer and chip handling solutions.