State of Alaska Department of Revenue Acquires New Position in Entegris, Inc. (NASDAQ:ENTG)

State of Alaska Department of Revenue acquired a new stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 17,705 shares of the semiconductor company's stock, valued at approximately $1,548,000.

Other large investors have also recently bought and sold shares of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of Entegris by 7.1% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 30,100 shares of the semiconductor company's stock valued at $2,982,000 after buying an additional 2,000 shares during the period. National Pension Service increased its holdings in Entegris by 9.2% during the 4th quarter. National Pension Service now owns 273,034 shares of the semiconductor company's stock worth $27,047,000 after purchasing an additional 23,111 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of Entegris in the 4th quarter valued at about $126,000. Mn Services Vermogensbeheer B.V. raised its position in Entegris by 5.2% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 60,600 shares of the semiconductor company's stock valued at $6,003,000 after buying an additional 3,000 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in Entegris in the 4th quarter valued at approximately $42,000.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. KeyCorp reduced their target price on shares of Entegris from $130.00 to $117.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Needham & Company LLC reiterated a "buy" rating and set a $100.00 target price on shares of Entegris in a report on Tuesday, May 20th. 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. Wall Street Zen cut Entegris from a "hold" rating to a "sell" rating in a research note on Saturday, April 19th. Finally, UBS Group cut their price objective on Entegris from $90.00 to $85.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $113.00.

Entegris Stock Performance

Shares of NASDAQ:ENTG traded up $0.42 on Wednesday, hitting $82.15. The company had a trading volume of 2,661,017 shares, compared to its average volume of 2,704,160. Entegris, Inc. has a 1-year low of $60.75 and a 1-year high of $147.57. The stock has a 50 day moving average price of $75.95 and a 200 day moving average price of $90.07. The company has a current ratio of 3.26, a quick ratio of 1.95 and a debt-to-equity ratio of 1.06. The stock has a market cap of $12.44 billion, a price-to-earnings ratio of 40.27, a P/E/G ratio of 1.70 and a beta of 1.24.

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 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 net margin of 9.57% and a return on equity of 12.48%. The company's revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.68 EPS. Analysts expect 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. Shareholders of record on Wednesday, April 30th were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, April 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.49%. Entegris's dividend payout ratio (DPR) is presently 19.61%.

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).