Entegris, Inc. (ENTG) Shares Sold by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System trimmed its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 15.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 117,497 shares of the semiconductor company’s stock after selling 20,861 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.08% of Entegris worth $3,390,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ENTG. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Entegris by 11.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,324 shares of the semiconductor company’s stock worth $117,000 after purchasing an additional 533 shares in the last quarter. Seven Eight Capital LP purchased a new stake in Entegris during the second quarter worth $149,000. Reliance Trust Co. of Delaware purchased a new stake in Entegris during the third quarter worth $208,000. Balyasny Asset Management LLC purchased a new stake in Entegris during the second quarter worth $243,000. Finally, Teacher Retirement System of Texas boosted its position in Entegris by 0.5% during the second quarter. Teacher Retirement System of Texas now owns 11,271 shares of the semiconductor company’s stock worth $247,000 after purchasing an additional 53 shares in the last quarter. Institutional investors own 95.26% of the company’s stock.

In other Entegris news, Director Paul L. H. Olson sold 3,500 shares of the company’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $25.77, for a total transaction of $90,195.00. Following the completion of the sale, the director now directly owns 52,864 shares in the company, valued at $1,362,305.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Corey Rucci sold 15,000 shares of the stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $26.25, for a total value of $393,750.00. Following the completion of the sale, the vice president now owns 25,964 shares of the company’s stock, valued at approximately $681,555. The disclosure for this sale can be found here. Insiders have sold 31,796 shares of company stock valued at $909,907 over the last 90 days. 1.70% of the stock is currently owned by insiders.

ENTG has been the topic of several recent research reports. Zacks Investment Research upgraded Entegris from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective on the stock in a research report on Monday, July 31st. BidaskClub upgraded Entegris from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Loop Capital upped their price objective on Entegris from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Dougherty & Co upped their price objective on Entegris from $33.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Finally, Citigroup Inc. upped their price objective on Entegris from $29.00 to $34.00 and gave the company a “neutral” rating in a research report on Friday, October 27th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. Entegris currently has an average rating of “Buy” and a consensus target price of $32.10.

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Entegris, Inc. (ENTG) opened at $30.95 on Wednesday. The firm has a market capitalization of $4,482.27, a PE ratio of 24.96, a P/E/G ratio of 2.05 and a beta of 1.56. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.43 and a current ratio of 3.14. Entegris, Inc. has a 12-month low of $17.10 and a 12-month high of $33.05.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.06. The company had revenue of $345.60 million during the quarter, compared to analyst estimates of $334.30 million. Entegris had a return on equity of 18.82% and a net margin of 10.73%. The firm’s revenue was up 16.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.24 earnings per share. analysts predict that Entegris, Inc. will post 1.37 EPS for the current fiscal year.

The company also recently declared a special dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 1st will be paid a dividend of $0.07 per share. The ex-dividend date is Tuesday, October 31st. Entegris’s dividend payout ratio is presently 7.22%.

About Entegris

Entegris, Inc is a global developer, manufacturer and supplier of microcontamination control products, specialty chemicals and materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries. The Company operates in three business segments: Specialty Chemicals and Engineered Materials (SCEM), Advanced Materials Handling (AMH) and Microcontamination Control (MC).

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Institutional Ownership by Quarter for Entegris (NASDAQ:ENTG)

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