45,600 Shares in Entegris, Inc. (NASDAQ:ENTG) Purchased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky acquired a new position in Entegris, Inc. (NASDAQ:ENTG - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 45,600 shares of the semiconductor company's stock, valued at approximately $3,989,000.

Several other institutional investors have also bought and sold shares of ENTG. Central Pacific Bank Trust Division raised its position in Entegris by 125.7% in the first quarter. Central Pacific Bank Trust Division now owns 307 shares of the semiconductor company's stock worth $27,000 after acquiring an additional 171 shares in the last quarter. Quarry LP bought a new stake in Entegris in the fourth quarter worth about $28,000. Neo Ivy Capital Management bought a new stake in Entegris in the fourth quarter worth about $34,000. Curat Global LLC bought a new stake in Entegris in the first quarter worth about $39,000. Finally, Proficio Capital Partners LLC bought a new stake in Entegris in the fourth quarter worth about $42,000.

Analyst Upgrades and Downgrades

ENTG has been the topic of several research reports. Needham & Company LLC reiterated a "buy" rating and issued a $100.00 price target on shares of Entegris in a research report on Tuesday, May 20th. Wall Street Zen cut shares of Entegris from a "hold" rating to a "sell" rating in a research report on Saturday, April 19th. KeyCorp cut their price objective on Entegris from $117.00 to $112.00 and set an "overweight" rating on the stock in a report on Monday, July 14th. Citigroup cut their price objective on Entegris from $125.00 to $102.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Finally, UBS Group boosted their price objective on Entegris from $85.00 to $95.00 and gave the stock a "neutral" rating in a report on Monday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $108.00.

Insider Activity at Entegris

In related news, SVP Clinton M. Haris sold 3,627 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at approximately $3,396,870. The trade was a 8.77% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.67% of the company's stock.

Entegris Price Performance

Shares of ENTG opened at $91.64 on Tuesday. The company has a market capitalization of $13.87 billion, a price-to-earnings ratio of 44.92, a P/E/G ratio of 2.03 and a beta of 1.27. Entegris, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $133.79. The company has a debt-to-equity ratio of 1.06, a current ratio of 3.26 and a quick ratio of 1.95. The business's 50-day moving average is $79.39 and its 200-day moving average is $87.79.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share for the quarter, missing analysts' consensus estimates of $0.69 by ($0.02). The business had revenue of $773.20 million during the quarter, compared to analyst estimates of $790.75 million. Entegris had a net margin of 9.57% and a return on equity of 12.48%. Entegris's revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.68 EPS. Equities research analysts expect that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Investors of record on Wednesday, July 30th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, July 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.44%. Entegris's payout ratio is 19.61%.

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).

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