Principal Financial Group Inc. Acquires 540,755 Shares of Entegris, Inc. $ENTG

Principal Financial Group Inc. boosted its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 10.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,876,271 shares of the semiconductor company’s stock after buying an additional 540,755 shares during the quarter. Principal Financial Group Inc. owned approximately 3.88% of Entegris worth $543,325,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. ORG Wealth Partners LLC boosted its position in shares of Entegris by 862.1% during the 3rd quarter. ORG Wealth Partners LLC now owns 279 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 250 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Entegris during the 2nd quarter worth approximately $25,000. Quent Capital LLC bought a new stake in shares of Entegris in the 3rd quarter valued at $34,000. Tripletail Wealth Management LLC acquired a new position in shares of Entegris during the 3rd quarter valued at $49,000. Finally, Hoese & Co LLP bought a new position in Entegris during the second quarter worth $44,000.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ENTG shares. Mizuho reduced their target price on Entegris from $108.00 to $96.00 and set an “outperform” rating for the company in a research note on Thursday, November 20th. Needham & Company LLC restated a “strong-buy” rating on shares of Entegris in a report on Tuesday, January 20th. BMO Capital Markets increased their target price on Entegris from $105.00 to $126.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Weiss Ratings restated a “hold (c)” rating on shares of Entegris in a report on Monday, December 29th. Finally, KeyCorp lifted their price objective on shares of Entegris from $107.00 to $111.00 and gave the company an “overweight” rating in a report on Friday, January 9th. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $111.00.

Insider Transactions at Entegris

In other Entegris news, SVP Olivier Blachier sold 488 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $77.43, for a total value of $37,785.84. Following the completion of the transaction, the senior vice president owned 14,124 shares of the company’s stock, valued at $1,093,621.32. The trade was a 3.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bertrand Loy sold 57,570 shares of the stock in a transaction on Monday, December 1st. The shares were sold at an average price of $76.88, for a total transaction of $4,425,981.60. Following the transaction, the insider directly owned 305,820 shares in the company, valued at approximately $23,511,441.60. This represents a 15.84% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 69,473 shares of company stock valued at $5,666,033. Corporate insiders own 0.67% of the company’s stock.

Entegris Stock Performance

Shares of ENTG stock opened at $118.07 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.13 and a current ratio of 3.44. The firm has a market cap of $17.90 billion, a price-to-earnings ratio of 62.47 and a beta of 1.31. Entegris, Inc. has a 52 week low of $60.75 and a 52 week high of $124.00. The firm’s 50-day simple moving average is $95.29 and its two-hundred day simple moving average is $89.35.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings results on Thursday, October 30th. The semiconductor company reported $0.72 EPS for the quarter, meeting analysts’ consensus estimates of $0.72. The firm had revenue of $807.10 million for the quarter, compared to analysts’ expectations of $804.63 million. Entegris had a return on equity of 11.61% and a net margin of 8.95%.The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.77 EPS. As a group, equities analysts forecast that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 18th. Stockholders of record on Wednesday, January 28th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Wednesday, January 28th. Entegris’s payout ratio is 21.16%.

About Entegris

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.