Public Employees Retirement Association of Colorado Has $2.24 Million Stock Holdings in Entegris, Inc. (NASDAQ:ENTG)

Public Employees Retirement Association of Colorado reduced its stake in Entegris, Inc. (NASDAQ:ENTG) by 6.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,958 shares of the semiconductor company’s stock after selling 1,122 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Entegris were worth $2,243,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ENTG. Inspire Advisors LLC boosted its position in Entegris by 1.3% during the first quarter. Inspire Advisors LLC now owns 5,785 shares of the semiconductor company’s stock valued at $813,000 after acquiring an additional 77 shares during the last quarter. Commerce Bank boosted its position in shares of Entegris by 0.6% during the 4th quarter. Commerce Bank now owns 13,725 shares of the semiconductor company’s stock valued at $1,645,000 after purchasing an additional 86 shares in the last quarter. Manchester Capital Management LLC grew its stake in Entegris by 19.1% during the fourth quarter. Manchester Capital Management LLC now owns 599 shares of the semiconductor company’s stock worth $72,000 after purchasing an additional 96 shares during the period. Allworth Financial LP increased its holdings in Entegris by 7.3% in the fourth quarter. Allworth Financial LP now owns 1,463 shares of the semiconductor company’s stock worth $175,000 after purchasing an additional 100 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in Entegris by 5.3% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,105 shares of the semiconductor company’s stock valued at $253,000 after buying an additional 105 shares during the period.

Insider Activity at Entegris

In related news, SVP Olivier Blachier sold 1,986 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $133.84, for a total value of $265,806.24. Following the sale, the senior vice president now directly owns 12,356 shares in the company, valued at approximately $1,653,727.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Olivier Blachier sold 1,986 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $133.84, for a total transaction of $265,806.24. Following the sale, the senior vice president now directly owns 12,356 shares in the company, valued at $1,653,727.04. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Daniel D. Woodland sold 15,000 shares of the company’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $145.00, for a total value of $2,175,000.00. Following the sale, the insider now owns 37,457 shares in the company, valued at $5,431,265. The disclosure for this sale can be found here. In the last three months, insiders have sold 70,796 shares of company stock worth $9,870,921. Company insiders own 0.67% of the company’s stock.

Entegris Price Performance

Shares of NASDAQ:ENTG opened at $127.78 on Tuesday. The company’s 50-day moving average is $133.78 and its 200 day moving average is $131.90. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.02 and a current ratio of 3.35. The company has a market capitalization of $19.27 billion, a P/E ratio of 61.43, a price-to-earnings-growth ratio of 1.44 and a beta of 1.25. Entegris, Inc. has a fifty-two week low of $84.13 and a fifty-two week high of $147.57.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.07. Entegris had a return on equity of 11.94% and a net margin of 9.31%. The business had revenue of $771.03 million for the quarter, compared to analysts’ expectations of $769.24 million. During the same period in the previous year, the business posted $0.65 EPS. The firm’s quarterly revenue was down 16.4% compared to the same quarter last year. On average, equities research analysts forecast that Entegris, Inc. will post 3.25 earnings per share for the current year.

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 21st. Investors of record on Wednesday, July 31st will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date of this dividend is Wednesday, July 31st. Entegris’s dividend payout ratio is currently 19.23%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ENTG shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $160.00 target price on shares of Entegris in a research report on Wednesday, June 26th. Needham & Company LLC reissued a “buy” rating and set a $150.00 price objective on shares of Entegris in a research report on Monday, May 13th. Finally, Mizuho boosted their target price on Entegris from $140.00 to $143.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $149.80.

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).