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

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

Other hedge funds also recently added to or reduced their stakes in the company. Quarry LP purchased a new stake in Entegris in the fourth quarter valued at $28,000. Central Pacific Bank Trust Division boosted its stake in shares of Entegris by 125.7% during the 1st 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. Neo Ivy Capital Management purchased a new stake in shares of Entegris during the 4th quarter worth about $34,000. Curat Global LLC purchased a new stake in shares of Entegris during the 1st quarter worth about $39,000. Finally, Parvin Asset Management LLC purchased a new stake in shares of Entegris during the 4th quarter worth about $69,000.

Analyst Upgrades and Downgrades

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

Entegris Price Performance

Entegris stock traded down $1.27 during midday trading on Friday, reaching $82.38. The company had a trading volume of 5,937,107 shares, compared to its average volume of 2,730,072. The company has a market capitalization of $12.47 billion, a P/E ratio of 40.38, a P/E/G ratio of 1.84 and a beta of 1.24. Entegris, Inc. has a 12-month low of $60.75 and a 12-month high of $147.57. The firm's fifty day simple moving average is $76.82 and its 200-day simple moving average is $89.41. The company has a debt-to-equity ratio of 1.06, a current ratio of 3.26 and a quick ratio of 1.95.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its quarterly 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 company had revenue of $773.20 million during 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 company's quarterly revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.68 earnings per share. As a group, equities analysts anticipate that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, April 30th were issued a $0.10 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.49%. Entegris's payout ratio is 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).