Kentucky Retirement Systems Insurance Trust Fund Acquires Shares of 4,378 Entegris, Inc. (NASDAQ:ENTG)

Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Entegris, Inc. (NASDAQ:ENTG - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,378 shares of the semiconductor company's stock, valued at approximately $383,000.

A number of other institutional investors also recently bought and sold shares of the stock. Sarasin & Partners LLP purchased a new position in shares of Entegris during the 1st quarter valued at $1,544,000. National Bank of Canada FI lifted its position in shares of Entegris by 66,855.0% in the fourth quarter. National Bank of Canada FI now owns 490,780 shares of the semiconductor company's stock valued at $48,617,000 after acquiring an additional 490,047 shares in the last quarter. Freedom Financial Partners LLC bought a new position in shares of Entegris in the first quarter worth about $1,487,000. Fenimore Asset Management Inc grew its position in shares of Entegris by 3.1% during the first quarter. Fenimore Asset Management Inc now owns 521,077 shares of the semiconductor company's stock worth $45,584,000 after purchasing an additional 15,895 shares in the last quarter. Finally, Deutsche Bank AG grew its position in shares of Entegris by 434.1% during the fourth quarter. Deutsche Bank AG now owns 1,470,162 shares of the semiconductor company's stock worth $145,634,000 after purchasing an additional 1,194,903 shares in the last quarter.

Entegris Trading Down 0.5%

NASDAQ ENTG traded down $0.40 during trading hours on Friday, hitting $83.25. 466,208 shares of the company were exchanged, compared to its average volume of 3,413,732. Entegris, Inc. has a 52 week low of $60.75 and a 52 week high of $147.57. The company has a quick ratio of 1.95, a current ratio of 3.26 and a debt-to-equity ratio of 1.06. The stock has a 50-day moving average price of $76.54 and a 200 day moving average price of $89.83. The stock has a market cap of $12.60 billion, a PE ratio of 40.81, a price-to-earnings-growth ratio of 1.84 and a beta of 1.24.

Entegris (NASDAQ:ENTG - Get Free Report) last released its quarterly 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). The company had revenue of $773.20 million for the quarter, compared to analysts' expectations of $790.75 million. Entegris had a net margin of 9.57% and a return on equity of 12.48%. The business's quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.68 EPS. Analysts forecast that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, April 30th were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, April 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.48%. Entegris's dividend payout ratio is presently 19.61%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Needham & Company LLC reissued a "buy" rating and issued a $100.00 price target on shares of Entegris in a report on Tuesday, May 20th. UBS Group dropped their target price on shares of Entegris from $90.00 to $85.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. KeyCorp cut their target price on shares of Entegris from $130.00 to $117.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. Citigroup decreased their price target on shares of Entegris from $125.00 to $102.00 and set a "buy" rating on the stock in a research note 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 equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Entegris presently has a consensus rating of "Moderate Buy" and an average target price of $113.00.

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).