State of New Jersey Common Pension Fund D Trims Stock Holdings in Entegris, Inc. (NASDAQ:ENTG)

State of New Jersey Common Pension Fund D lowered its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 2.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 54,717 shares of the semiconductor company’s stock after selling 1,122 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Entegris were worth $6,157,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new stake in shares of Entegris during the 2nd quarter worth about $26,000. Quarry LP acquired a new stake in Entegris during the second quarter worth approximately $27,000. Summit Securities Group LLC purchased a new stake in Entegris in the 2nd quarter worth approximately $27,000. Opal Wealth Advisors LLC acquired a new position in Entegris in the 2nd quarter valued at $31,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of Entegris during the 3rd quarter worth $29,000.

Entegris Stock Performance

Shares of ENTG stock opened at $104.30 on Tuesday. The company’s fifty day simple moving average is $108.19 and its 200-day simple moving average is $120.37. The company has a current ratio of 2.92, a quick ratio of 2.14 and a debt-to-equity ratio of 1.14. Entegris, Inc. has a 52 week low of $93.11 and a 52 week high of $147.57. The company has a market cap of $15.75 billion, a PE ratio of 69.07, a P/E/G ratio of 1.71 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last issued its 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). Entegris had a return on equity of 12.24% and a net margin of 7.13%. The company had revenue of $807.70 million during the quarter, compared to analysts’ expectations of $832.44 million. During the same period in the previous year, the company earned $0.68 EPS. Entegris’s quarterly revenue was down 9.1% on a year-over-year basis. As a group, equities research analysts anticipate that Entegris, Inc. will post 3.03 EPS for the current year.

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.38%. Entegris’s dividend payout ratio is currently 26.49%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ENTG shares. BMO Capital Markets lowered their price objective on Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Needham & Company LLC reiterated a “buy” rating and set a $150.00 price objective on shares of Entegris in a report on Thursday, August 1st. Citigroup decreased their target price on shares of Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Craig Hallum dropped their price target on shares of Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Entegris currently has an average rating of “Moderate Buy” and an average target price of $135.40.

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).