55,673 Shares in Entegris, Inc. (NASDAQ:ENTG) Bought by New York State Teachers Retirement System

New York State Teachers Retirement System acquired a new stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 55,673 shares of the semiconductor company's stock, valued at approximately $4,870,000.

Several other large investors also recently made changes to their positions in ENTG. Central Pacific Bank Trust Division raised its holdings in shares of Entegris by 125.7% during 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 acquired a new position in Entegris in the fourth quarter valued at about $28,000. Neo Ivy Capital Management bought a new stake in shares of Entegris during the fourth quarter valued at approximately $34,000. Curat Global LLC acquired a new position in shares of Entegris in the 1st quarter valued at $39,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of Entegris in the fourth quarter valued at approximately $42,000.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. UBS Group reduced their price target on Entegris from $90.00 to $85.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Citigroup reduced their price objective on shares of Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Needham & Company LLC reissued a "buy" rating and set a $100.00 price target on shares of Entegris in a research report on Tuesday, May 20th. KeyCorp cut their price objective on shares of Entegris from $130.00 to $117.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Finally, Wall Street Zen lowered Entegris from a "hold" rating to a "sell" rating in a research report on Saturday, April 19th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $113.00.

Entegris Price Performance

ENTG traded up $4.02 on Tuesday, hitting $87.02. 3,014,383 shares of the company's stock were exchanged, compared to its average volume of 2,756,579. The company has a current ratio of 3.26, a quick ratio of 1.95 and a debt-to-equity ratio of 1.06. Entegris, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $147.57. The firm has a 50-day moving average price of $77.94 and a 200-day moving average price of $88.60. The stock has a market cap of $13.17 billion, a price-to-earnings ratio of 42.66, a P/E/G ratio of 1.94 and a beta of 1.27.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.02). Entegris had a return on equity of 12.48% and a net margin of 9.57%. The business had revenue of $773.20 million for the quarter, compared to analysts' expectations of $790.75 million. During the same quarter in the previous year, the firm earned $0.68 EPS. Entegris's revenue for the quarter was up .3% compared to the same quarter last year. As a group, equities analysts anticipate that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, April 30th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend was Wednesday, April 30th. Entegris's dividend payout ratio is presently 19.61%.

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).