36,200 Shares in Entegris, Inc. (NASDAQ:ENTG) Purchased by State of Michigan Retirement System

State of Michigan Retirement System purchased a new position in Entegris, Inc. (NASDAQ:ENTG - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 36,200 shares of the semiconductor company's stock, valued at approximately $3,167,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division raised its stake in Entegris by 125.7% in the first quarter. Central Pacific Bank Trust Division now owns 307 shares of the semiconductor company's stock worth $27,000 after buying an additional 171 shares in the last quarter. Quarry LP purchased a new position in shares of Entegris in the 4th quarter worth about $28,000. Neo Ivy Capital Management bought a new position in shares of Entegris in the fourth quarter worth approximately $34,000. Curat Global LLC bought a new position in Entegris in the 1st quarter valued at approximately $39,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Entegris in the 4th quarter worth $42,000.

Entegris Trading Down 1.5%

ENTG traded down $1.35 during trading on Monday, reaching $86.23. The company had a trading volume of 1,646,784 shares, compared to its average volume of 3,375,237. 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 50 day simple moving average of $78.52 and a 200-day simple moving average of $88.17. The stock has a market cap of $13.06 billion, a P/E ratio of 42.27, a PEG ratio of 1.96 and a beta of 1.27. Entegris, Inc. has a 52 week low of $60.75 and a 52 week high of $147.40.

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

Entegris Dividend Announcement

The firm 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. The ex-dividend date was Wednesday, April 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.46%. Entegris's payout ratio is 19.61%.

Analyst Ratings Changes

A number of analysts have recently commented on ENTG shares. UBS Group reduced their price target on shares of Entegris from $90.00 to $85.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Citigroup decreased their price objective on Entegris from $125.00 to $102.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. KeyCorp decreased their price target on Entegris from $117.00 to $112.00 and set an "overweight" rating on the stock in a report on Monday. Wall Street Zen downgraded Entegris from a "hold" rating to a "sell" rating in a research note on Saturday, April 19th. Finally, Needham & Company LLC reissued a "buy" rating and set a $100.00 price objective on shares of Entegris in a report on Tuesday, May 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Entegris presently has an average rating of "Moderate Buy" and a consensus target price of $109.33.

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).