Entegris, Inc. (NASDAQ:ENTG) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lessened its stake in Entegris, Inc. (NASDAQ:ENTG) by 6.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,039 shares of the semiconductor company’s stock after selling 555 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Entegris were worth $796,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mountaineer Partners Management LLC lifted its stake in Entegris by 16,255.1% in the third quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company’s stock worth $1,242,848,000 after acquiring an additional 10,977,064 shares during the last quarter. Cantillon Capital Management LLC raised its holdings in shares of Entegris by 12.6% in the 4th quarter. Cantillon Capital Management LLC now owns 2,616,354 shares of the semiconductor company’s stock valued at $259,176,000 after purchasing an additional 291,893 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Entegris by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,537,948 shares of the semiconductor company’s stock worth $284,941,000 after purchasing an additional 49,846 shares during the last quarter. Swedbank AB lifted its position in shares of Entegris by 47.7% during the 4th quarter. Swedbank AB now owns 1,550,942 shares of the semiconductor company’s stock worth $153,636,000 after purchasing an additional 500,581 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake 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 worth $147,917,000 after purchasing an additional 113,238 shares in the last quarter.

Insider Activity at Entegris

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on ENTG shares. Mizuho decreased their price target on Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Needham & Company LLC restated a “buy” rating and set a $120.00 target price on shares of Entegris in a research note on Friday, February 7th. StockNews.com upgraded shares of Entegris from a “sell” rating to a “hold” rating in a research note on Thursday, March 13th. Finally, KeyCorp reduced their price objective on shares of Entegris from $150.00 to $141.00 and set an “overweight” rating for the company in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.88.

Entegris Trading Down 2.7 %

Shares of Entegris stock opened at $96.35 on Monday. The company’s fifty day moving average is $102.24 and its two-hundred day moving average is $104.67. Entegris, Inc. has a 1 year low of $92.84 and a 1 year high of $147.57. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08. The company has a market capitalization of $14.58 billion, a P/E ratio of 49.92, a PEG ratio of 1.50 and a beta of 1.32.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, beating 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%. Analysts forecast that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th were given a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a yield of 0.42%. Entegris’s dividend payout ratio (DPR) is 20.73%.

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).