Public Employees Retirement System of Ohio Decreases Stock Position in Entegris, Inc. (NASDAQ:ENTG)

Public Employees Retirement System of Ohio trimmed its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 4.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 55,324 shares of the semiconductor company’s stock after selling 2,731 shares during the period. Public Employees Retirement System of Ohio’s holdings in Entegris were worth $6,226,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Mountaineer Partners Management LLC lifted its holdings in shares of Entegris by 16,255.1% during the third quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company’s stock valued at $1,242,848,000 after purchasing an additional 10,977,064 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Entegris by 1,076.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 923,332 shares of the semiconductor company’s stock valued at $103,903,000 after acquiring an additional 844,837 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Entegris by 130.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company’s stock valued at $155,287,000 after acquiring an additional 781,955 shares during the last quarter. Swedbank AB grew its stake in shares of Entegris by 249.7% in the third quarter. Swedbank AB now owns 1,050,361 shares of the semiconductor company’s stock worth $118,197,000 after acquiring an additional 750,000 shares during the period. Finally, D1 Capital Partners L.P. purchased a new position in shares of Entegris during the third quarter valued at approximately $72,143,000.

Analyst Ratings Changes

Several brokerages recently issued reports on ENTG. BMO Capital Markets dropped their target price on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. Craig Hallum cut their price objective on Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft reduced their price objective on Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Citigroup dropped their target price on Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Finally, KeyCorp reduced their price target on shares of Entegris from $164.00 to $154.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $135.40.

Entegris Stock Down 0.6 %

ENTG stock opened at $106.66 on Friday. The business’s 50-day moving average price is $105.69 and its 200-day moving average price is $116.29. The stock has a market cap of $16.11 billion, a P/E ratio of 70.64, a PEG ratio of 1.80 and a beta of 1.23. The company has a quick ratio of 1.83, a current ratio of 2.92 and a debt-to-equity ratio of 1.14. Entegris, Inc. has a twelve month low of $94.92 and a twelve month high of $147.57.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.01). The firm had revenue of $807.70 million for the quarter, compared to analysts’ expectations of $832.44 million. Entegris had a net margin of 7.13% and a return on equity of 12.24%. Entegris’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 EPS. On average, equities research analysts forecast that Entegris, Inc. will post 2.99 EPS for the current year.

Entegris Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th were paid a $0.10 dividend. The ex-dividend date was Wednesday, October 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.38%. Entegris’s payout ratio is presently 26.49%.

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).