State of New Jersey Common Pension Fund D Sells 2,531 Shares of Entegris, Inc. (NASDAQ:ENTG)

State of New Jersey Common Pension Fund D cut its stake in Entegris, Inc. (NASDAQ:ENTG) by 4.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,186 shares of the semiconductor company’s stock after selling 2,531 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Entegris were worth $5,170,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new stake in Entegris in the 3rd quarter worth approximately $29,000. Blue Trust Inc. boosted its stake in Entegris by 221.3% in the 3rd quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 239 shares in the last quarter. Fortitude Family Office LLC boosted its stake in Entegris by 195.7% in the 4th quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 274 shares in the last quarter. Covestor Ltd boosted its stake in Entegris by 241.8% in the 3rd quarter. Covestor Ltd now owns 417 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 295 shares in the last quarter. Finally, Huntington National Bank boosted its stake in Entegris by 41.0% in the 3rd quarter. Huntington National Bank now owns 454 shares of the semiconductor company’s stock worth $51,000 after purchasing an additional 132 shares in the last quarter.

Entegris Price Performance

Entegris stock opened at $107.99 on Thursday. The company’s fifty day moving average price is $103.14 and its 200 day moving average price is $106.31. Entegris, Inc. has a 1 year low of $94.92 and a 1 year high of $147.57. The stock has a market capitalization of $16.32 billion, a P/E ratio of 55.95, a P/E/G ratio of 1.50 and a beta of 1.24. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08.

Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.07. Entegris had a net margin of 9.03% and a return on equity of 12.83%. As a group, equities research analysts anticipate that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, January 29th. This represents a $0.40 annualized dividend and a yield of 0.37%. Entegris’s dividend payout ratio (DPR) is presently 20.73%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Craig Hallum lowered their target price on shares of Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. UBS Group reduced their price target on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Mizuho reduced their price target on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Needham & Company LLC reissued a “buy” rating and set a $120.00 price target on shares of Entegris in a research report on Friday, February 7th. Finally, StockNews.com raised shares of Entegris from a “sell” rating to a “hold” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Entegris presently has an average rating of “Moderate Buy” and a consensus price target of $128.78.

Insiders Place Their Bets

In other news, SVP Clinton M. Haris sold 12,652 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were 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 owns 34,820 shares of the company’s stock, valued at approximately $3,722,954.40. The trade was a 26.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.67% of the stock is currently owned by corporate insiders.

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).