Entegris, Inc. (NASDAQ:ENTG) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D trimmed its position in Entegris, Inc. (NASDAQ:ENTG) by 32.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,839 shares of the semiconductor company’s stock after selling 26,733 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Entegris were worth $7,561,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Inspire Advisors LLC grew its holdings in shares of Entegris by 1.3% during the first quarter. Inspire Advisors LLC now owns 5,785 shares of the semiconductor company’s stock worth $813,000 after buying an additional 77 shares in the last quarter. Commerce Bank boosted its position in shares of Entegris by 0.6% in the fourth quarter. Commerce Bank now owns 13,725 shares of the semiconductor company’s stock worth $1,645,000 after acquiring an additional 86 shares during the last quarter. Wedmont Private Capital boosted its position in shares of Entegris by 5.9% in the second quarter. Wedmont Private Capital now owns 1,609 shares of the semiconductor company’s stock worth $232,000 after acquiring an additional 90 shares during the last quarter. Manchester Capital Management LLC boosted its position in shares of Entegris by 19.1% in the fourth quarter. Manchester Capital Management LLC now owns 599 shares of the semiconductor company’s stock worth $72,000 after acquiring an additional 96 shares during the last quarter. Finally, Everpar Advisors LLC boosted its position in shares of Entegris by 6.5% in the second quarter. Everpar Advisors LLC now owns 1,656 shares of the semiconductor company’s stock worth $224,000 after acquiring an additional 101 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and issued a $150.00 target price on shares of Entegris in a research report on Thursday, August 1st. Mizuho raised shares of Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price target on the stock in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Entegris from $160.00 to $145.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Finally, BMO Capital Markets reduced their price target on shares of Entegris from $160.00 to $145.00 and set an “outperform” rating on the stock in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Entegris currently has an average rating of “Moderate Buy” and a consensus target price of $146.80.

Insider Buying and Selling at Entegris

In other Entegris news, insider Daniel D. Woodland sold 15,000 shares of the business’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $145.00, for a total transaction of $2,175,000.00. Following the completion of the sale, the insider now owns 37,457 shares in the company, valued at $5,431,265. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, 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 transaction of $2,175,000.00. Following the completion of the transaction, the insider now owns 37,457 shares in the company, valued at $5,431,265. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Bertrand Loy sold 27,044 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $140.63, for a total transaction of $3,803,197.72. Following the transaction, the chief executive officer now owns 263,068 shares of the company’s stock, valued at approximately $36,995,252.84. The disclosure for this sale can be found here. Insiders sold a total of 57,044 shares of company stock worth $8,078,198 over the last 90 days. Insiders own 0.67% of the company’s stock.

Entegris Stock Up 2.3 %

Shares of NASDAQ:ENTG opened at $110.67 on Friday. The company has a current ratio of 3.58, a quick ratio of 2.14 and a debt-to-equity ratio of 1.18. The company has a fifty day simple moving average of $118.13 and a 200 day simple moving average of $128.51. The firm has a market cap of $16.71 billion, a PE ratio of 53.21, a price-to-earnings-growth ratio of 1.49 and a beta of 1.24. Entegris, Inc. has a 12-month low of $84.13 and a 12-month high of $147.57.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.01. Entegris had a net margin of 5.61% and a return on equity of 12.03%. The business had revenue of $812.60 million during the quarter, compared to analyst estimates of $802.43 million. During the same quarter in the previous year, the firm earned $0.66 earnings per share. The business’s revenue was down 9.8% compared to the same quarter last year. On average, equities research analysts anticipate that Entegris, Inc. will post 3.14 EPS for the current fiscal year.

Entegris Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, July 31st were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, July 31st. This represents a $0.40 annualized dividend and a yield of 0.36%. Entegris’s payout ratio is 19.23%.

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).