State Board of Administration of Florida Retirement System Purchases 1,520 Shares of Entegris, Inc. $ENTG

State Board of Administration of Florida Retirement System increased its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 1.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 146,839 shares of the semiconductor company’s stock after buying an additional 1,520 shares during the period. State Board of Administration of Florida Retirement System owned 0.10% of Entegris worth $11,843,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. DAVENPORT & Co LLC increased its stake in shares of Entegris by 1.3% during the 2nd quarter. DAVENPORT & Co LLC now owns 8,450 shares of the semiconductor company’s stock worth $681,000 after purchasing an additional 110 shares during the last quarter. Alpine Bank Wealth Management grew its holdings in Entegris by 73.7% during the second quarter. Alpine Bank Wealth Management now owns 311 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 132 shares during the period. MAI Capital Management increased its position in Entegris by 19.7% during the first quarter. MAI Capital Management now owns 864 shares of the semiconductor company’s stock worth $76,000 after buying an additional 142 shares during the last quarter. First Hawaiian Bank raised its stake in Entegris by 0.9% in the first quarter. First Hawaiian Bank now owns 15,786 shares of the semiconductor company’s stock valued at $1,381,000 after buying an additional 143 shares during the period. Finally, Landscape Capital Management L.L.C. lifted its position in shares of Entegris by 7.5% in the first quarter. Landscape Capital Management L.L.C. now owns 2,345 shares of the semiconductor company’s stock valued at $205,000 after buying an additional 164 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Mizuho dropped their price target on Entegris from $108.00 to $96.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. Wall Street Zen upgraded shares of Entegris from a “sell” rating to a “hold” rating in a report on Friday, October 3rd. Zacks Research lowered shares of Entegris from a “hold” rating to a “strong sell” rating in a research report on Monday, November 3rd. Oppenheimer assumed coverage on shares of Entegris in a research note on Thursday, September 4th. They set a “market perform” rating and a $95.00 target price for the company. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Entegris in a report on Tuesday, November 25th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $95.86.

Insider Activity at Entegris

In other news, SVP Joseph Colella sold 3,577 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $88.41, for a total transaction of $316,242.57. Following the transaction, the senior vice president directly owned 34,364 shares of the company’s stock, valued at approximately $3,038,121.24. This trade represents a 9.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Olivier Blachier sold 488 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $77.43, for a total value of $37,785.84. Following the completion of the sale, the senior vice president owned 14,124 shares of the company’s stock, valued at approximately $1,093,621.32. This trade represents a 3.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.67% of the stock is currently owned by company insiders.

Entegris Stock Down 1.1%

ENTG stock opened at $76.29 on Tuesday. Entegris, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $112.36. The company has a debt-to-equity ratio of 1.04, a current ratio of 3.30 and a quick ratio of 1.95. The stock has a market capitalization of $11.57 billion, a price-to-earnings ratio of 39.32 and a beta of 1.39. The business’s fifty day moving average price is $87.13 and its two-hundred day moving average price is $83.37.

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

Entegris Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Wednesday, October 29th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Wednesday, October 29th. Entegris’s dividend payout ratio is presently 21.16%.

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).