Public Employees Retirement System of Ohio increased its position in shares of Entegris Inc (NASDAQ:ENTG) by 113.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 102,222 shares of the semiconductor company’s stock after buying an additional 54,248 shares during the quarter. Public Employees Retirement System of Ohio owned 0.08% of Entegris worth $4,811,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. Parametric Portfolio Associates LLC increased its position in shares of Entegris by 18.0% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 256,196 shares of the semiconductor company’s stock worth $12,057,000 after purchasing an additional 38,992 shares during the last quarter. California State Teachers Retirement System increased its holdings in Entegris by 1.2% during the third quarter. California State Teachers Retirement System now owns 216,701 shares of the semiconductor company’s stock worth $10,198,000 after buying an additional 2,582 shares during the last quarter. Voya Investment Management LLC increased its holdings in Entegris by 93.9% during the third quarter. Voya Investment Management LLC now owns 1,643,000 shares of the semiconductor company’s stock worth $77,320,000 after buying an additional 795,790 shares during the last quarter. Lisanti Capital Growth LLC bought a new stake in Entegris during the third quarter worth $752,000. Finally, Vaughan Nelson Investment Management L.P. raised its position in Entegris by 98.4% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,967,195 shares of the semiconductor company’s stock worth $92,576,000 after acquiring an additional 975,695 shares in the last quarter. 99.10% of the stock is currently owned by institutional investors and hedge funds.
Shares of ENTG opened at $46.20 on Wednesday. The firm has a market capitalization of $6.38 billion, a PE ratio of 24.44 and a beta of 1.31. The company’s 50-day moving average is $47.92 and its 200-day moving average is $42.54. Entegris Inc has a fifty-two week low of $24.43 and a fifty-two week high of $50.15. The company has a debt-to-equity ratio of 0.83, a current ratio of 4.15 and a quick ratio of 2.79.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a $0.32 annualized dividend and a yield of 0.69%. Entegris’s dividend payout ratio (DPR) is presently 16.93%.
In other news, SVP William James Shaner sold 24,294 shares of Entegris stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $44.33, for a total transaction of $1,076,953.02. Following the completion of the sale, the senior vice president now owns 25,536 shares of the company’s stock, valued at $1,132,010.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Clinton M. Haris sold 14,480 shares of Entegris stock in a transaction on Friday, November 1st. The stock was sold at an average price of $48.27, for a total value of $698,949.60. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.
A number of brokerages have recently commented on ENTG. Citigroup set a $50.00 price objective on shares of Entegris and gave the company a “hold” rating in a research report on Friday, October 25th. Craig Hallum raised their target price on shares of Entegris from $48.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Zacks Investment Research upgraded Entegris from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a report on Monday. ValuEngine downgraded Entegris from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Deutsche Bank lowered Entegris from a “buy” rating to a “hold” rating in a research note on Sunday, October 6th. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Entegris has an average rating of “Buy” and an average target price of $48.25.
Entegris Company Profile
Entegris, Inc develops, manufactures, and supplies micro contamination control products, specialty chemicals, and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries worldwide. It operates through three segments: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); and Advanced Materials Handling (AMH).
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