Janus Henderson Group PLC Has $52.39 Million Position in Entegris, Inc. $ENTG

Janus Henderson Group PLC lifted its holdings in Entegris, Inc. (NASDAQ:ENTG) by 1.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 446,888 shares of the semiconductor company’s stock after acquiring an additional 8,172 shares during the period. Janus Henderson Group PLC’s holdings in Entegris were worth $52,393,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ENTG. Invesco Ltd. boosted its position in shares of Entegris by 183.5% during the 3rd quarter. Invesco Ltd. now owns 3,167,857 shares of the semiconductor company’s stock valued at $292,900,000 after purchasing an additional 2,050,473 shares in the last quarter. Norges Bank bought a new stake in Entegris in the fourth quarter worth approximately $158,669,000. Duquesne Family Office LLC bought a new stake in Entegris in the second quarter worth approximately $132,741,000. Rafferty Asset Management LLC lifted its stake in Entegris by 64.4% in the second quarter. Rafferty Asset Management LLC now owns 1,970,734 shares of the semiconductor company’s stock valued at $158,940,000 after buying an additional 771,650 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of Entegris by 31.2% during the 2nd quarter. Bank of America Corp DE now owns 3,031,048 shares of the semiconductor company’s stock worth $244,454,000 after buying an additional 720,467 shares in the last quarter.

Analysts Set New Price Targets

Several brokerages have recently commented on ENTG. Weiss Ratings raised shares of Entegris from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. The Goldman Sachs Group reiterated a “sell” rating and set a $115.00 target price on shares of Entegris in a research report on Friday, May 1st. Citigroup restated a “buy” rating on shares of Entegris in a report on Thursday, April 30th. Mizuho lifted their price target on shares of Entegris from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Entegris from $145.00 to $155.00 and gave the company a “hold” rating in a report on Monday, July 6th. Seven analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $164.22.

Entegris Price Performance

Shares of NASDAQ:ENTG opened at $119.05 on Friday. Entegris, Inc. has a twelve month low of $67.97 and a twelve month high of $186.94. The stock’s 50 day moving average is $144.65 and its 200-day moving average is $133.48. The company has a quick ratio of 2.05, a current ratio of 3.21 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $18.16 billion, a price-to-earnings ratio of 68.82, a PEG ratio of 1.39 and a beta of 1.31.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.11. The business had revenue of $811.90 million during the quarter, compared to the consensus estimate of $808.72 million. Entegris had a net margin of 8.18% and a return on equity of 11.45%. Entegris’s revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.67 EPS. Sell-side analysts forecast that Entegris, Inc. will post 3.65 EPS for the current fiscal year.

Entegris Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Wednesday, July 29th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Wednesday, July 29th. Entegris’s dividend payout ratio is currently 23.12%.

Insider Transactions at Entegris

In other news, SVP Joseph Colella sold 6,326 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $140.17, for a total value of $886,715.42. Following the transaction, the senior vice president owned 50,121 shares in the company, valued at $7,025,460.57. This trade represents a 11.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James P. Lederer sold 3,569 shares of Entegris stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $143.59, for a total value of $512,472.71. Following the transaction, the director directly owned 18,277 shares in the company, valued at approximately $2,624,394.43. The trade was a 16.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 44,466 shares of company stock valued at $6,186,624. Corporate insiders own 0.53% of the company’s stock.

Entegris Company Profile

Entegris, Inc is a leading provider of advanced materials and process control solutions for the semiconductor and other high-technology industries. The company develops and supplies a broad portfolio of products designed to ensure purity and reliability throughout the manufacturing process, helping customers address critical contamination and yield challenges.

Entegris’s product offerings include high-purity chemicals and specialty materials, liquid and gas filtration and purification systems, and sophisticated wafer and chip handling solutions.