State of Alaska Department of Revenue Buys Shares of 17,705 Entegris, Inc. (NASDAQ:ENTG)

State of Alaska Department of Revenue purchased a new stake in shares of Entegris, Inc. (NASDAQ:ENTG) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 17,705 shares of the semiconductor company’s stock, valued at approximately $1,548,000.

A number of other institutional investors have also modified their holdings of ENTG. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in Entegris by 7.1% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 30,100 shares of the semiconductor company’s stock valued at $2,982,000 after acquiring an additional 2,000 shares during the last quarter. National Pension Service increased its position in shares of Entegris by 9.2% during the fourth quarter. National Pension Service now owns 273,034 shares of the semiconductor company’s stock worth $27,047,000 after purchasing an additional 23,111 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of Entegris during the 4th quarter valued at $126,000. Mn Services Vermogensbeheer B.V. boosted its position in shares of Entegris by 5.2% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 60,600 shares of the semiconductor company’s stock worth $6,003,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in Entegris during the 4th quarter worth $42,000.

Entegris Stock Up 7.6%

NASDAQ:ENTG opened at $81.73 on Wednesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 3.26 and a quick ratio of 1.95. The company’s fifty day moving average price is $75.95 and its 200-day moving average price is $90.07. Entegris, Inc. has a 1-year low of $60.75 and a 1-year high of $147.57. The firm has a market capitalization of $12.37 billion, a P/E ratio of 40.06, a PEG ratio of 1.70 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.02). The company had revenue of $773.20 million for the quarter, compared to analyst estimates of $790.75 million. Entegris had a return on equity of 12.48% and a net margin of 9.57%. Entegris’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the prior year, the business posted $0.68 earnings per share. As a group, equities research analysts anticipate that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, April 30th were given a $0.10 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $0.40 annualized dividend and a yield of 0.49%. Entegris’s dividend payout ratio is presently 19.61%.

Analyst Ratings Changes

ENTG has been the subject of a number of research analyst reports. Wall Street Zen cut Entegris from a “hold” rating to a “sell” rating in a research note on Saturday, April 19th. Citigroup decreased their price objective on shares of Entegris from $125.00 to $102.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. KeyCorp lowered their target price on shares of Entegris from $130.00 to $117.00 and set an “overweight” rating for the company in a research note on Thursday, May 8th. UBS Group cut their price target on shares of Entegris from $90.00 to $85.00 and set a “neutral” rating on the stock in a research note on Thursday, May 8th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $100.00 price objective on shares of Entegris in a research note on Tuesday, May 20th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Entegris presently has an average rating of “Moderate Buy” and a consensus target price of $113.00.

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).