California Public Employees Retirement System Boosts Stock Position in Entegris, Inc. (NASDAQ:ENTG)

California Public Employees Retirement System increased its position in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 17.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 257,147 shares of the semiconductor company's stock after purchasing an additional 38,557 shares during the quarter. California Public Employees Retirement System owned approximately 0.17% of Entegris worth $30,811,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP raised its stake in Entegris by 7.3% during the fourth quarter. Allworth Financial LP now owns 1,463 shares of the semiconductor company's stock worth $175,000 after acquiring an additional 100 shares in the last quarter. Rehmann Capital Advisory Group raised its stake in Entegris by 4.3% during the third quarter. Rehmann Capital Advisory Group now owns 2,615 shares of the semiconductor company's stock worth $246,000 after acquiring an additional 108 shares in the last quarter. Caprock Group LLC raised its stake in Entegris by 4.0% during the fourth quarter. Caprock Group LLC now owns 3,032 shares of the semiconductor company's stock worth $363,000 after acquiring an additional 117 shares in the last quarter. Keybank National Association OH raised its stake in Entegris by 1.8% during the third quarter. Keybank National Association OH now owns 6,556 shares of the semiconductor company's stock worth $616,000 after acquiring an additional 119 shares in the last quarter. Finally, CIBC Asset Management Inc raised its stake in Entegris by 2.3% during the third quarter. CIBC Asset Management Inc now owns 5,274 shares of the semiconductor company's stock worth $495,000 after acquiring an additional 121 shares in the last quarter.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Citigroup raised their target price on Entegris from $117.00 to $134.00 and gave the company a "neutral" rating in a research note on Friday, February 16th. BMO Capital Markets raised their target price on Entegris from $130.00 to $160.00 and gave the company an "outperform" rating in a research note on Friday, February 16th. StockNews.com lowered Entegris from a "hold" rating to a "sell" rating in a research note on Thursday, February 22nd. Mizuho reiterated a "neutral" rating and issued a $140.00 price target on shares of Entegris in a report on Tuesday, February 20th. Finally, The Goldman Sachs Group raised their price target on Entegris from $104.00 to $147.00 and gave the company a "buy" rating in a report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, Entegris currently has a consensus rating of "Moderate Buy" and an average price target of $141.64.

Insider Activity at Entegris

In related news, SVP Michael Besnard sold 12,667 shares of Entegris stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $135.78, for a total value of $1,719,925.26. Following the sale, the senior vice president now owns 10,213 shares of the company's stock, valued at approximately $1,386,721.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Entegris news, SVP Michael Besnard sold 12,667 shares of the business's stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $135.78, for a total transaction of $1,719,925.26. Following the transaction, the senior vice president now owns 10,213 shares of the company's stock, valued at approximately $1,386,721.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Michael Sauer sold 1,897 shares of the business's stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total value of $251,428.38. Following the transaction, the chief accounting officer now directly owns 1,779 shares in the company, valued at approximately $235,788.66. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,082 shares of company stock valued at $5,606,849. 0.67% of the stock is owned by insiders.

Entegris Stock Up 3.2 %

Shares of NASDAQ:ENTG traded up $4.06 during trading on Friday, hitting $132.60. 1,074,585 shares of the company's stock traded hands, compared to its average volume of 1,138,000. Entegris, Inc. has a 52 week low of $71.16 and a 52 week high of $146.91. The company has a current ratio of 3.85, a quick ratio of 2.67 and a debt-to-equity ratio of 1.35. The company has a market cap of $19.99 billion, a price-to-earnings ratio of 111.43 and a beta of 1.32. The company has a 50-day moving average price of $135.75 and a 200-day moving average price of $118.43.

Entegris (NASDAQ:ENTG - Get Free Report) last released its quarterly earnings data on Tuesday, February 13th. The semiconductor company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.06. Entegris had a return on equity of 12.00% and a net margin of 5.13%. The business had revenue of $812.30 million for the quarter, compared to analysts' expectations of $780.95 million. During the same quarter in the previous year, the business posted $0.83 EPS. Entegris's revenue for the quarter was down 14.1% on a year-over-year basis. As a group, research analysts forecast that Entegris, Inc. will post 3.27 EPS for the current fiscal year.

Entegris Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 1st will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend is Tuesday, April 30th. Entegris's dividend payout ratio is presently 33.61%.

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).