Louisiana State Employees Retirement System Buys Shares of 42,300 Entegris, Inc. (NASDAQ:ENTG)

Louisiana State Employees Retirement System purchased a new position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 42,300 shares of the semiconductor company's stock, valued at approximately $3,700,000.

Other hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp grew its holdings in Entegris by 13.5% during the fourth quarter. Jones Financial Companies Lllp now owns 1,330 shares of the semiconductor company's stock valued at $132,000 after purchasing an additional 158 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Entegris during the 4th quarter valued at about $42,000. Sequoia Financial Advisors LLC grew its stake in shares of Entegris by 6.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 2,482 shares of the semiconductor company's stock valued at $246,000 after acquiring an additional 147 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Entegris by 74.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,448 shares of the semiconductor company's stock worth $143,000 after acquiring an additional 617 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its holdings in Entegris by 11.5% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 32,032 shares of the semiconductor company's stock worth $3,185,000 after acquiring an additional 3,300 shares in the last quarter.

Entegris Stock Performance

Shares of NASDAQ ENTG opened at $87.58 on Monday. The company has a market cap of $13.26 billion, a P/E ratio of 42.93, a P/E/G ratio of 1.96 and a beta of 1.27. Entegris, Inc. has a 52-week low of $60.75 and a 52-week high of $147.40. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.95 and a current ratio of 3.26. The firm's fifty day moving average is $78.52 and its two-hundred day moving average is $88.17.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share (EPS) 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 firm had revenue of $773.20 million during the quarter, compared to the consensus estimate of $790.75 million. During the same period last year, the firm posted $0.68 earnings per share. The company's revenue for the quarter was up .3% compared to the same quarter last year. As a group, analysts anticipate that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Announces Dividend

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

Wall Street Analysts Forecast Growth

ENTG has been the topic of several analyst reports. KeyCorp lowered their price target on shares of Entegris from $130.00 to $117.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. The Goldman Sachs Group started coverage on shares of Entegris in a research note on Thursday. They set a "neutral" rating and a $85.00 target price on the stock. UBS Group cut 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. Needham & Company LLC reissued a "buy" rating and set a $100.00 price target on shares of Entegris in a report on Tuesday, May 20th. Finally, Wall Street Zen lowered Entegris from a "hold" rating to a "sell" rating in a research note on Saturday, April 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $109.89.

Entegris Company 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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