Oregon Public Employees Retirement Fund Takes Position in Entegris, Inc. (NASDAQ:ENTG)

Oregon Public Employees Retirement Fund bought a new stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 30,679 shares of the semiconductor company's stock, valued at approximately $2,684,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new stake in shares of Entegris during the fourth quarter valued at approximately $42,000. Metis Global Partners LLC grew its position in Entegris by 7.1% in the 4th quarter. Metis Global Partners LLC now owns 2,049 shares of the semiconductor company's stock valued at $203,000 after purchasing an additional 135 shares during the period. Smartleaf Asset Management LLC increased its stake in Entegris by 27.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 731 shares of the semiconductor company's stock valued at $73,000 after purchasing an additional 158 shares in the last quarter. Jones Financial Companies Lllp raised 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 worth $132,000 after buying an additional 158 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of Entegris by 26.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,303 shares of the semiconductor company's stock valued at $228,000 after buying an additional 484 shares in the last quarter.

Entegris Stock Performance

Shares of ENTG opened at $86.62 on Friday. The stock has a 50 day moving average of $77.76 and a 200 day moving average of $89.02. The company has a market capitalization of $13.11 billion, a price-to-earnings ratio of 42.46, a PEG ratio of 1.93 and a beta of 1.27. Entegris, Inc. has a 12 month low of $60.75 and a 12 month high of $147.57. 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 (NASDAQ:ENTG - Get Free Report) last announced 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). The business 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 company's revenue for the quarter 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, sell-side analysts forecast that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Dividend Announcement

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

Wall Street Analyst Weigh In

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

Entegris 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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