Entegris, Inc. $ENTG Position Boosted by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System boosted its position in Entegris, Inc. (NASDAQ:ENTG) by 0.7% in the second quarter, HoldingsChannel.com reports. The firm owned 42,600 shares of the semiconductor company’s stock after purchasing an additional 300 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Entegris were worth $3,436,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Entegris by 2.3% in the first quarter. Vanguard Group Inc. now owns 15,553,199 shares of the semiconductor company’s stock worth $1,360,594,000 after purchasing an additional 351,053 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Entegris by 21.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,555,677 shares of the semiconductor company’s stock worth $1,185,852,000 after purchasing an additional 2,361,065 shares during the period. Principal Financial Group Inc. lifted its position in Entegris by 235.8% in the first quarter. Principal Financial Group Inc. now owns 5,014,198 shares of the semiconductor company’s stock worth $438,642,000 after purchasing an additional 3,520,997 shares during the period. Select Equity Group L.P. lifted its position in Entegris by 6.9% in the first quarter. Select Equity Group L.P. now owns 4,074,232 shares of the semiconductor company’s stock worth $356,414,000 after purchasing an additional 263,168 shares during the period. Finally, Durable Capital Partners LP lifted its position in Entegris by 43.3% in the first quarter. Durable Capital Partners LP now owns 2,914,417 shares of the semiconductor company’s stock worth $254,953,000 after purchasing an additional 881,198 shares during the period.

Insiders Place Their Bets

In other news, SVP Clinton M. Haris sold 3,627 shares of the stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $90.00, for a total value of $326,430.00. Following the completion of the sale, the senior vice president owned 37,743 shares in the company, valued at $3,396,870. This represents a 8.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Susan G. Rice sold 8,858 shares of the company’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $79.84, for a total transaction of $707,222.72. Following the completion of the transaction, the senior vice president directly owned 56,912 shares in the company, valued at $4,543,854.08. This trade represents a 13.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is owned by corporate insiders.

Entegris Price Performance

ENTG opened at $94.23 on Friday. The stock has a fifty day moving average of $85.38 and a 200-day moving average of $81.46. The firm has a market capitalization of $14.29 billion, a P/E ratio of 48.57 and a beta of 1.38. Entegris, Inc. has a 12-month low of $60.75 and a 12-month high of $112.36. The company has a quick ratio of 1.95, a current ratio of 3.30 and a debt-to-equity ratio of 1.04.

Entegris (NASDAQ:ENTG) last released its earnings results on Wednesday, July 6th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter. The company had revenue of $512.84 million during the quarter. Entegris had a return on equity of 12.05% and a net margin of 9.17%. Equities analysts forecast that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Wednesday, July 30th were issued a $0.10 dividend. The ex-dividend date was Wednesday, July 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. Entegris’s dividend payout ratio is presently 20.62%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Oppenheimer assumed coverage on Entegris in a research report on Thursday, September 4th. They issued a “market perform” rating and a $95.00 target price for the company. UBS Group cut their price objective on Entegris from $95.00 to $90.00 and set a “neutral” rating for the company in a research report on Thursday, July 31st. Zacks Research upgraded Entegris from a “strong sell” rating to a “hold” rating in a research report on Friday, October 3rd. Wall Street Zen upgraded Entegris from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Entegris in a research report on Wednesday. Seven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $106.30.

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).