State of Alaska Department of Revenue Purchases Shares of 17,705 Entegris, Inc. (NASDAQ:ENTG)

State of Alaska Department of Revenue acquired a new stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 17,705 shares of the semiconductor company's stock, valued at approximately $1,548,000.

A number of other institutional investors have also recently bought and sold shares of the business. Corient Private Wealth LLC raised its position in shares of Entegris by 1.1% in the 4th quarter. Corient Private Wealth LLC now owns 11,862 shares of the semiconductor company's stock valued at $1,175,000 after acquiring an additional 128 shares during the period. Torray Investment Partners LLC increased its stake in Entegris by 0.9% in the fourth quarter. Torray Investment Partners LLC now owns 15,266 shares of the semiconductor company's stock valued at $1,512,000 after purchasing an additional 129 shares in the last quarter. Metis Global Partners LLC increased its stake in Entegris by 7.1% in the fourth 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 in the last quarter. First Hawaiian Bank raised its holdings in Entegris by 0.9% in the first quarter. First Hawaiian Bank now owns 15,786 shares of the semiconductor company's stock worth $1,381,000 after purchasing an additional 143 shares during the period. Finally, HighPoint Advisor Group LLC boosted its position in shares of Entegris by 4.3% during the fourth quarter. HighPoint Advisor Group LLC now owns 3,559 shares of the semiconductor company's stock worth $376,000 after purchasing an additional 146 shares in the last quarter.

Entegris Stock Down 1.5%

Entegris stock traded down $1.27 during midday trading on Friday, reaching $82.38. The stock had a trading volume of 5,937,107 shares, compared to its average volume of 2,730,072. The stock has a market capitalization of $12.47 billion, a P/E ratio of 40.38, a price-to-earnings-growth ratio of 1.84 and a beta of 1.24. Entegris, Inc. has a 1-year low of $60.75 and a 1-year high of $147.57. The firm's fifty day simple moving average is $76.82 and its 200-day simple moving average is $89.54. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.95 and a current ratio of 3.26.

Entegris (NASDAQ:ENTG - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The semiconductor company reported $0.67 EPS for the quarter, missing analysts' consensus estimates of $0.69 by ($0.02). The business had revenue of $773.20 million during 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 for the quarter was up .3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 EPS. As a group, analysts expect that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Dividend Announcement

The business also recently announced 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 yield of 0.49%. Entegris's payout ratio is presently 19.61%.

Analyst Ratings Changes

Several analysts recently commented on ENTG shares. Needham & Company LLC reaffirmed a "buy" rating and set a $100.00 price objective on shares of Entegris in a research note on Tuesday, May 20th. UBS Group dropped their price target on Entegris from $90.00 to $85.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. KeyCorp decreased their price objective 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 lowered their target price on Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Finally, Wall Street Zen lowered shares of Entegris from a "hold" rating to a "sell" rating in a research note on Saturday, April 19th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Entegris has an average rating of "Moderate Buy" and an average target price 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).