Entegris, Inc. (NASDAQ:ENTG) Stake Raised by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. grew its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 4.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 15,716 shares of the semiconductor company’s stock after purchasing an additional 627 shares during the period. PNC Financial Services Group Inc.’s holdings in Entegris were worth $1,769,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Assenagon Asset Management S.A. boosted its holdings in Entegris by 1,076.3% during the third quarter. Assenagon Asset Management S.A. now owns 923,332 shares of the semiconductor company’s stock worth $103,903,000 after buying an additional 844,837 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Entegris by 130.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company’s stock valued at $155,287,000 after acquiring an additional 781,955 shares during the last quarter. Swedbank AB boosted its stake in shares of Entegris by 249.7% during the 3rd quarter. Swedbank AB now owns 1,050,361 shares of the semiconductor company’s stock worth $118,197,000 after acquiring an additional 750,000 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Entegris during the 2nd quarter worth $42,087,000. Finally, American Century Companies Inc. grew its holdings in shares of Entegris by 20.2% in the 2nd quarter. American Century Companies Inc. now owns 1,523,824 shares of the semiconductor company’s stock worth $206,326,000 after acquiring an additional 256,186 shares during the last quarter.

Entegris Price Performance

ENTG opened at $105.52 on Wednesday. Entegris, Inc. has a 12-month low of $94.92 and a 12-month high of $147.57. The company has a quick ratio of 1.83, a current ratio of 2.92 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $15.93 billion, a P/E ratio of 69.88, a PEG ratio of 1.77 and a beta of 1.24. The stock has a fifty day moving average of $107.05 and a 200-day moving average of $118.41.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $832.44 million. During the same period last year, the company posted $0.68 earnings per share. The company’s revenue was down 9.1% compared to the same quarter last year. Equities analysts forecast that Entegris, Inc. will post 2.99 EPS for the current fiscal year.

Entegris Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend was Wednesday, October 30th. Entegris’s dividend payout ratio (DPR) is presently 26.49%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Craig Hallum decreased their price target on Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Needham & Company LLC reissued a “buy” rating and issued a $150.00 target price on shares of Entegris in a research report on Thursday, August 1st. KeyCorp reduced their price target on shares of Entegris from $164.00 to $154.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Finally, Citigroup reduced their target price on Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. One equities research 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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).