Retirement Systems of Alabama Takes $16.09 Million Position in Entegris, Inc. (NASDAQ:ENTG)

Retirement Systems of Alabama bought a new position in Entegris, Inc. (NASDAQ:ENTG - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 183,940 shares of the semiconductor company's stock, valued at approximately $16,091,000. Retirement Systems of Alabama owned 0.12% of Entegris as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sarasin & Partners LLP acquired a new stake in shares of Entegris in the first quarter worth $1,544,000. National Bank of Canada FI boosted 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 worth $48,617,000 after buying an additional 490,047 shares during the period. Freedom Financial Partners LLC acquired a new stake in Entegris during the first quarter valued at $1,487,000. Fenimore Asset Management Inc boosted its position in Entegris by 3.1% during the first quarter. Fenimore Asset Management Inc now owns 521,077 shares of the semiconductor company's stock valued at $45,584,000 after purchasing an additional 15,895 shares during the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of Entegris by 434.1% during the 4th quarter. Deutsche Bank AG now owns 1,470,162 shares of the semiconductor company's stock valued at $145,634,000 after buying an additional 1,194,903 shares during the last quarter.

Entegris Trading Down 1.1%

Shares of ENTG stock traded down $0.82 during trading hours on Friday, reaching $75.42. The company had a trading volume of 3,558,645 shares, compared to its average volume of 2,694,314. 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, Inc. has a 1-year low of $60.75 and a 1-year high of $147.57. The company has a 50 day moving average of $75.70 and a 200 day moving average of $90.37. The firm has a market cap of $11.42 billion, a price-to-earnings ratio of 36.97, a P/E/G ratio of 1.69 and a beta of 1.24.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.69 by ($0.02). Entegris had a net margin of 9.57% and a return on equity of 12.48%. The business had revenue of $773.20 million during the quarter, compared to analyst estimates of $790.75 million. During the same period in the previous year, the firm posted $0.68 earnings per share. The firm's revenue was up .3% on a year-over-year basis. On average, equities research analysts anticipate that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, April 30th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Wednesday, April 30th. Entegris's dividend payout ratio is 19.61%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on ENTG shares. Wall Street Zen lowered Entegris from a "hold" rating to a "sell" rating in a report on Saturday, April 19th. KeyCorp reduced their price target on Entegris from $130.00 to $117.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Citigroup reduced their price target on Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Needham & Company LLC reaffirmed a "buy" rating and issued a $100.00 price target on shares of Entegris in a research report on Tuesday, May 20th. Finally, UBS Group reduced their price target on Entegris from $90.00 to $85.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target 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).