Public Employees Retirement System of Ohio Trims Position in Entegris, Inc. (NASDAQ:ENTG)

Public Employees Retirement System of Ohio decreased its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 8.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,824 shares of the semiconductor company’s stock after selling 5,459 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Entegris were worth $8,127,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CANADA LIFE ASSURANCE Co grew its holdings in shares of Entegris by 161.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 107,677 shares of the semiconductor company’s stock worth $15,135,000 after purchasing an additional 66,437 shares in the last quarter. WCM Investment Management LLC grew its holdings in shares of Entegris by 0.4% during the fourth quarter. WCM Investment Management LLC now owns 5,173,163 shares of the semiconductor company’s stock worth $628,177,000 after purchasing an additional 22,249 shares in the last quarter. BNP Paribas purchased a new position in shares of Entegris during the first quarter worth about $1,647,000. California Public Employees Retirement System grew its holdings in shares of Entegris by 17.6% during the fourth quarter. California Public Employees Retirement System now owns 257,147 shares of the semiconductor company’s stock worth $30,811,000 after purchasing an additional 38,557 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Entegris during the fourth quarter worth about $892,000.

Entegris Stock Performance

NASDAQ ENTG traded down $0.64 during trading hours on Tuesday, hitting $127.14. The company’s stock had a trading volume of 57,964 shares, compared to its average volume of 1,405,709. Entegris, Inc. has a 12 month low of $84.13 and a 12 month high of $147.57. The company’s 50 day simple moving average is $133.78 and its two-hundred day simple moving average is $131.90. The company has a market cap of $19.17 billion, a P/E ratio of 61.43, a price-to-earnings-growth ratio of 1.44 and a beta of 1.25. The company has a debt-to-equity ratio of 1.22, a current ratio of 3.35 and a quick ratio of 2.02.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.61 by $0.07. Entegris had a return on equity of 11.94% and a net margin of 9.31%. The company had revenue of $771.03 million during the quarter, compared to the consensus estimate of $769.24 million. During the same period last year, the company earned $0.65 EPS. Entegris’s revenue for the quarter was down 16.4% on a year-over-year basis. As a group, sell-side analysts expect that Entegris, Inc. will post 3.25 EPS for the current fiscal year.

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 21st. Shareholders of record on Wednesday, July 31st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.31%. Entegris’s dividend payout ratio is currently 19.23%.

Insider Buying and Selling at Entegris

In other news, SVP Olivier Blachier sold 1,986 shares of Entegris stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $133.84, for a total transaction of $265,806.24. Following the transaction, the senior vice president now directly owns 12,356 shares of the company’s stock, valued at approximately $1,653,727.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, SVP James Anthony O’neill sold 6,761 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $133.50, for a total value of $902,593.50. Following the transaction, the senior vice president now directly owns 13,652 shares of the company’s stock, valued at approximately $1,822,542. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Olivier Blachier sold 1,986 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $133.84, for a total value of $265,806.24. Following the completion of the transaction, the senior vice president now directly owns 12,356 shares in the company, valued at $1,653,727.04. The disclosure for this sale can be found here. Insiders sold a total of 70,796 shares of company stock worth $9,870,921 in the last three months. 0.67% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ENTG has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $160.00 target price on shares of Entegris in a research note on Wednesday, June 26th. Mizuho upped their target price on Entegris from $140.00 to $143.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Finally, Needham & Company LLC restated a “buy” rating and set a $150.00 target price on shares of Entegris in a report on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Entegris has an average rating of “Moderate Buy” and a consensus price target of $149.80.

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).