Principal Financial Group Inc. Increases Holdings in Entegris, Inc. (NASDAQ:ENTG)

Principal Financial Group Inc. lifted its position in Entegris, Inc. (NASDAQ:ENTG) by 8.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,493,201 shares of the semiconductor company’s stock after purchasing an additional 113,238 shares during the quarter. Principal Financial Group Inc.’s holdings in Entegris were worth $147,917,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new stake in shares of Entegris in the third quarter worth about $29,000. Blue Trust Inc. increased its stake in Entegris by 221.3% during the third quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 239 shares during the last quarter. Fortitude Family Office LLC increased its stake in Entegris by 195.7% during the fourth quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 274 shares during the last quarter. Covestor Ltd increased its stake in Entegris by 241.8% during the third quarter. Covestor Ltd now owns 417 shares of the semiconductor company’s stock worth $47,000 after acquiring an additional 295 shares during the last quarter. Finally, Huntington National Bank increased its stake in Entegris by 41.0% during the third quarter. Huntington National Bank now owns 454 shares of the semiconductor company’s stock worth $51,000 after acquiring an additional 132 shares during the last quarter.

Entegris Stock Down 1.6 %

Entegris stock opened at $107.12 on Tuesday. The business has a fifty day moving average of $103.13 and a two-hundred day moving average of $106.26. The firm has a market cap of $16.18 billion, a P/E ratio of 55.50, a P/E/G ratio of 1.49 and a beta of 1.24. The company has a quick ratio of 1.83, a current ratio of 2.92 and a debt-to-equity ratio of 1.14. Entegris, Inc. has a twelve month low of $94.92 and a twelve month high of $147.57.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.07. Entegris had a return on equity of 13.00% and a net margin of 9.03%. On average, analysts forecast that Entegris, Inc. will post 3.63 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend is Wednesday, January 29th. Entegris’s payout ratio is 20.73%.

Insiders Place Their Bets

In other Entegris news, SVP Clinton M. Haris sold 12,652 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the sale, the senior vice president now directly owns 34,820 shares of the company’s stock, valued at approximately $3,722,954.40. This trade represents a 26.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.67% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Mizuho dropped their target price on Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. UBS Group dropped their target price on Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Citigroup lowered their price target on Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. KeyCorp lowered their price target on Entegris from $150.00 to $141.00 and set an “overweight” rating for the company in a report on Friday, February 7th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price target on shares of Entegris in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $128.78.

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).