Teacher Retirement System of Texas Buys 904 Shares of Entegris, Inc. $ENTG

Teacher Retirement System of Texas raised its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 4.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,979 shares of the semiconductor company’s stock after purchasing an additional 904 shares during the period. Teacher Retirement System of Texas’ holdings in Entegris were worth $1,853,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. DAVENPORT & Co LLC raised its position in Entegris by 1.3% during the second quarter. DAVENPORT & Co LLC now owns 8,450 shares of the semiconductor company’s stock valued at $681,000 after purchasing an additional 110 shares during the period. Alpine Bank Wealth Management grew its position in shares of Entegris by 73.7% during the 2nd quarter. Alpine Bank Wealth Management now owns 311 shares of the semiconductor company’s stock worth $25,000 after buying an additional 132 shares in the last quarter. Personal CFO Solutions LLC raised its holdings in shares of Entegris by 6.0% in the 1st quarter. Personal CFO Solutions LLC now owns 2,466 shares of the semiconductor company’s stock valued at $216,000 after purchasing an additional 140 shares in the last quarter. MAI Capital Management lifted its holdings in Entegris by 19.7% during the first quarter. MAI Capital Management now owns 864 shares of the semiconductor company’s stock worth $76,000 after buying an additional 142 shares during the period. Finally, First Hawaiian Bank grew its stake in Entegris by 0.9% in the first quarter. First Hawaiian Bank now owns 15,786 shares of the semiconductor company’s stock valued at $1,381,000 after purchasing an additional 143 shares during the last quarter.

Analyst Ratings Changes

ENTG has been the subject of several analyst reports. Wall Street Zen upgraded Entegris from a “sell” rating to a “hold” rating in a report on Friday, October 3rd. Oppenheimer started coverage on shares of Entegris in a research report on Thursday, September 4th. They set a “market perform” rating and a $95.00 target price for the company. KeyCorp restated an “overweight” rating and issued a $103.00 price objective (down previously from $112.00) on shares of Entegris in a research report on Thursday, July 31st. UBS Group dropped their target price on Entegris from $95.00 to $90.00 and set a “neutral” rating on the stock in a research report on Thursday, July 31st. Finally, Zacks Research raised shares of Entegris from a “strong sell” rating to a “hold” rating in a report on Friday, October 3rd. Seven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $106.30.

Insider Transactions at Entegris

In related news, SVP Susan G. Rice sold 8,858 shares of the business’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $79.84, for a total transaction of $707,222.72. Following the completion of the transaction, the senior vice president directly owned 56,912 shares of the company’s stock, valued at $4,543,854.08. The trade was a 13.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.67% of the company’s stock.

Entegris Stock Down 0.2%

ENTG stock opened at $91.38 on Tuesday. The firm’s 50 day moving average price is $89.97 and its 200-day moving average price is $83.29. Entegris, Inc. has a one year low of $60.75 and a one year high of $112.36. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.95 and a current ratio of 3.30. The firm has a market cap of $13.85 billion, a PE ratio of 47.10 and a beta of 1.38.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Wednesday, July 6th. The semiconductor company reported $0.70 earnings per share for the quarter. Entegris had a net margin of 9.17% and a return on equity of 12.05%. The business had revenue of $512.84 million during the quarter. On average, equities research analysts anticipate that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 19th. Shareholders of record on Wednesday, October 29th will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, October 29th. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. Entegris’s dividend payout ratio is 21.16%.

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).