Public Employees Retirement System of Ohio Trims Holdings in Entegris, Inc. (ENTG)
Public Employees Retirement System of Ohio trimmed its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 8.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 77,375 shares of the semiconductor company’s stock after selling 7,599 shares during the period. Public Employees Retirement System of Ohio owned 0.05% of Entegris worth $2,232,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Wolverine Trading LLC grew its holdings in Entegris by 149.6% during the third quarter. Wolverine Trading LLC now owns 6,989 shares of the semiconductor company’s stock valued at $202,000 after purchasing an additional 21,089 shares during the period. California Public Employees Retirement System grew its holdings in Entegris by 9.0% during the third quarter. California Public Employees Retirement System now owns 175,646 shares of the semiconductor company’s stock valued at $5,067,000 after purchasing an additional 14,546 shares during the period. Vident Investment Advisory LLC bought a new position in Entegris during the third quarter valued at $2,861,000. Royce & Associates LP bought a new position in Entegris during the third quarter valued at $2,092,000. Finally, Welch & Forbes LLC bought a new position in shares of Entegris in the third quarter worth $236,000. 96.17% of the stock is owned by institutional investors and hedge funds.
Entegris, Inc. (NASDAQ:ENTG) opened at $30.45 on Tuesday. Entegris, Inc. has a twelve month low of $17.65 and a twelve month high of $33.05. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.14 and a quick ratio of 2.43. The company has a market capitalization of $4,305.53, a price-to-earnings ratio of 31.39, a PEG ratio of 1.94 and a beta of 1.52.
In related news, Director Paul L. H. Olson sold 3,000 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $30.21, for a total value of $90,630.00. Following the sale, the director now owns 45,364 shares in the company, valued at $1,370,446.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Todd James Edlund sold 5,954 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $32.32, for a total value of $192,433.28. Following the completion of the sale, the chief operating officer now owns 143,774 shares in the company, valued at approximately $4,646,775.68. The disclosure for this sale can be found here. Insiders sold 21,296 shares of company stock worth $666,592 in the last quarter. 1.50% of the stock is currently owned by company insiders.
ENTG has been the subject of a number of analyst reports. Citigroup raised their price target on Entegris from $29.00 to $34.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. KeyCorp reaffirmed an “outperform” rating and issued a $30.00 price target on shares of Entegris in a report on Saturday, September 16th. Seaport Global Securities initiated coverage on Entegris in a report on Friday, December 15th. They issued a “buy” rating and a $37.00 price target for the company. Loop Capital raised their price target on Entegris from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Finally, Zacks Investment Research lowered Entegris from a “buy” rating to a “hold” rating in a report on Monday. Six research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $32.55.
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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