Strs Ohio Buys 7,064 Shares of Entegris, Inc. (NASDAQ:ENTG)

Strs Ohio boosted its holdings in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 8.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,956 shares of the semiconductor company's stock after acquiring an additional 7,064 shares during the quarter. Strs Ohio owned 0.06% of Entegris worth $10,658,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Mn Services Vermogensbeheer B.V. grew its holdings in Entegris by 0.7% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 71,800 shares of the semiconductor company's stock worth $8,603,000 after acquiring an additional 500 shares during the last quarter. WCM Investment Management LLC boosted its stake in shares of Entegris by 0.4% in the 4th quarter. WCM Investment Management LLC now owns 5,173,163 shares of the semiconductor company's stock valued at $628,177,000 after purchasing an additional 22,249 shares during the last quarter. NewEdge Wealth LLC bought a new stake in shares of Entegris in the 4th quarter valued at $502,000. Cerity Partners LLC boosted its stake in shares of Entegris by 332.9% in the 4th quarter. Cerity Partners LLC now owns 12,740 shares of the semiconductor company's stock valued at $1,527,000 after purchasing an additional 9,797 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Entegris by 81.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 335,375 shares of the semiconductor company's stock valued at $40,185,000 after purchasing an additional 150,157 shares during the last quarter.

Entegris Stock Down 1.7 %

Shares of ENTG stock traded down $2.16 on Thursday, hitting $127.09. The stock had a trading volume of 1,370,605 shares, compared to its average volume of 1,382,859. The business has a 50 day moving average of $136.09 and a 200 day moving average of $116.68. The stock has a market cap of $19.16 billion, a price-to-earnings ratio of 109.24 and a beta of 1.32. The company has a debt-to-equity ratio of 1.35, a current ratio of 3.85 and a quick ratio of 2.67. Entegris, Inc. has a 12-month low of $69.37 and a 12-month high of $146.91.

Entegris (NASDAQ:ENTG - Get Free Report) last announced its earnings results on Tuesday, February 13th. The semiconductor company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.59 by $0.06. The company had revenue of $812.30 million during the quarter, compared to the consensus estimate of $780.95 million. Entegris had a net margin of 5.13% and a return on equity of 12.00%. The firm's revenue for the quarter was down 14.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.83 earnings per share. As a group, analysts expect that Entegris, Inc. will post 3.31 EPS for the current year.

Entegris Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 1st will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, April 30th. This represents a $0.40 annualized dividend and a yield of 0.31%. Entegris's payout ratio is currently 33.61%.

Analysts Set New Price Targets

A number of research firms recently issued reports on ENTG. StockNews.com downgraded shares of Entegris from a "hold" rating to a "sell" rating in a research report on Thursday, February 22nd. Citigroup upped their price objective on shares of Entegris from $117.00 to $134.00 and gave the stock a "neutral" rating in a report on Friday, February 16th. Needham & Company LLC restated a "buy" rating and set a $150.00 price objective on shares of Entegris in a report on Thursday, March 7th. KeyCorp upped their price objective on shares of Entegris from $136.00 to $164.00 and gave the stock an "overweight" rating in a report on Thursday, February 15th. Finally, Craig Hallum upgraded shares of Entegris from a "hold" rating to a "buy" rating and set a $150.00 price objective on the stock in a report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $141.64.

Insider Activity at Entegris

In related news, CAO Michael Sauer sold 1,897 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $132.54, for a total transaction of $251,428.38. Following the completion of the transaction, the chief accounting officer now owns 1,779 shares in the company, valued at $235,788.66. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Entegris news, insider Daniel D. Woodland sold 9,000 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $139.50, for a total transaction of $1,255,500.00. Following the completion of the transaction, the insider now owns 32,730 shares in the company, valued at $4,565,835. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Michael Sauer sold 1,897 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total transaction of $251,428.38. Following the transaction, the chief accounting officer now owns 1,779 shares of the company's stock, valued at approximately $235,788.66. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,082 shares of company stock worth $5,606,849. 0.67% of the stock is owned by company insiders.

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).