Teacher Retirement System of Texas Acquires Shares of 22,075 Entegris, Inc. (NASDAQ:ENTG)

Teacher Retirement System of Texas bought a new position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 22,075 shares of the semiconductor company's stock, valued at approximately $1,931,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sequoia Financial Advisors LLC grew its stake in shares of Entegris by 11.5% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,767 shares of the semiconductor company's stock valued at $242,000 after purchasing an additional 285 shares during the last quarter. Sarasin & Partners LLP purchased a new position in Entegris during the 1st quarter worth $1,544,000. New York State Teachers Retirement System acquired a new stake in shares of Entegris in the 1st quarter worth $4,870,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Entegris by 8.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 219,900 shares of the semiconductor company's stock valued at $19,514,000 after acquiring an additional 16,508 shares in the last quarter. Finally, National Bank of Canada FI increased its stake in shares of Entegris by 66,855.0% during the fourth quarter. National Bank of Canada FI now owns 490,780 shares of the semiconductor company's stock worth $48,617,000 after acquiring an additional 490,047 shares during the period.

Entegris Trading Down 0.5%

NASDAQ ENTG traded down $0.42 during trading hours on Friday, hitting $87.58. 1,662,809 shares of the company's stock were exchanged, compared to its average volume of 2,765,527. The business's 50 day moving average is $78.44 and its 200-day moving average is $88.47. 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, Inc. has a 12-month low of $60.75 and a 12-month high of $147.57. The firm has a market capitalization of $13.26 billion, a P/E ratio of 42.93, a price-to-earnings-growth ratio of 1.95 and a beta of 1.27.

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

Entegris Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ENTG shares. Citigroup cut 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. Needham & Company LLC reissued a "buy" rating and issued a $100.00 target price on shares of Entegris in a report on Tuesday, May 20th. KeyCorp lowered their price target on Entegris from $130.00 to $117.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Wall Street Zen cut Entegris from a "hold" rating to a "sell" rating in a report 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 research report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $109.89.

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).