New Mexico Educational Retirement Board Invests $2.70 Million in Entegris, Inc. (NASDAQ:ENTG)

New Mexico Educational Retirement Board purchased a new position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 30,900 shares of the semiconductor company's stock, valued at approximately $2,703,000.

A number of other institutional investors and hedge funds have also made changes to their positions in ENTG. Proficio Capital Partners LLC acquired a new stake in shares of Entegris during the 4th quarter worth approximately $42,000. Jones Financial Companies Lllp raised its position in shares of Entegris by 13.5% during the 4th quarter. Jones Financial Companies Lllp now owns 1,330 shares of the semiconductor company's stock worth $132,000 after purchasing an additional 158 shares during the period. Steward Partners Investment Advisory LLC raised its position in shares of Entegris by 26.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,303 shares of the semiconductor company's stock worth $228,000 after purchasing an additional 484 shares during the period. Moran Wealth Management LLC raised its position in shares of Entegris by 5.3% during the 4th quarter. Moran Wealth Management LLC now owns 4,900 shares of the semiconductor company's stock worth $485,000 after purchasing an additional 246 shares during the period. Finally, Sequoia Financial Advisors LLC raised its position 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 worth $246,000 after purchasing an additional 147 shares during the period.

Entegris Stock Performance

ENTG opened at $86.99 on Thursday. The firm has a market cap of $13.17 billion, a PE ratio of 42.64, a P/E/G ratio of 1.95 and a beta of 1.27. 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 business has a fifty day simple moving average of $78.26 and a 200-day simple moving average of $88.57. Entegris, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $147.57.

Entegris (NASDAQ:ENTG - Get Free Report) last released its quarterly earnings data 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 the consensus estimate of $790.75 million. Entegris had a return on equity of 12.48% and a net margin of 9.57%. The business's revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.68 earnings per share. As a group, equities analysts predict that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Dividend Announcement

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

Analyst Upgrades and Downgrades

ENTG has been the topic of several analyst reports. Needham & Company LLC restated a "buy" rating and issued a $100.00 target price on shares of Entegris in a research report on Tuesday, May 20th. KeyCorp lowered their target price on Entegris from $130.00 to $117.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. UBS Group lowered their target price on Entegris from $90.00 to $85.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Wall Street Zen cut Entegris from a "hold" rating to a "sell" rating in a research report on Saturday, April 19th. Finally, Citigroup decreased their price target on Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. 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's stock. According to data from MarketBeat.com, Entegris has an average rating of "Moderate Buy" and a consensus price target of $113.00.

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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