Federated Hermes Inc. Has $51.22 Million Stock Position in Entegris, Inc. $ENTG

Federated Hermes Inc. lifted its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 3,036.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 553,954 shares of the semiconductor company’s stock after purchasing an additional 536,293 shares during the quarter. Federated Hermes Inc. owned approximately 0.37% of Entegris worth $51,219,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its position in Entegris by 16.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,234 shares of the semiconductor company’s stock worth $627,000 after purchasing an additional 1,046 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Entegris by 4.9% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 230,584 shares of the semiconductor company’s stock valued at $18,597,000 after buying an additional 10,684 shares in the last quarter. Hilltop National Bank bought a new position in shares of Entegris during the 2nd quarter worth about $95,000. Phraction Management LLC boosted its position in shares of Entegris by 32.7% during the 2nd quarter. Phraction Management LLC now owns 90,969 shares of the semiconductor company’s stock valued at $7,337,000 after acquiring an additional 22,435 shares in the last quarter. Finally, DAVENPORT & Co LLC increased its stake in Entegris by 1.3% in the second quarter. DAVENPORT & Co LLC now owns 8,450 shares of the semiconductor company’s stock valued at $681,000 after acquiring an additional 110 shares during the period.

Analysts Set New Price Targets

A number of brokerages have commented on ENTG. The Goldman Sachs Group cut shares of Entegris from a “neutral” rating to a “sell” rating and cut their price target for the stock from $88.00 to $75.00 in a research note on Monday, December 15th. KeyCorp raised their target price on Entegris from $107.00 to $111.00 and gave the stock an “overweight” rating in a research report on Friday, January 9th. Wall Street Zen upgraded Entegris from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. Mizuho dropped their price objective on Entegris from $108.00 to $96.00 and set an “outperform” rating for the company in a research note on Thursday, November 20th. Finally, Needham & Company LLC reissued a “strong-buy” rating on shares of Entegris in a report on Tuesday, January 20th. Five equities research 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $111.00.

Insider Activity at Entegris

In other news, insider Bertrand Loy sold 57,570 shares of the stock in a transaction that occurred 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 sale, the insider directly owned 305,820 shares of the company’s stock, valued at $23,511,441.60. This represents a 15.84% 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 link. Also, SVP Joseph Colella sold 3,577 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $88.41, for a total transaction of $316,242.57. Following the completion of the sale, the senior vice president directly owned 34,364 shares of the company’s stock, valued at approximately $3,038,121.24. This represents a 9.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 69,473 shares of company stock valued at $5,666,033 in the last three months. 0.67% of the stock is currently owned by corporate insiders.

Entegris Stock Up 1.7%

NASDAQ ENTG opened at $122.71 on Friday. The stock’s 50 day simple moving average is $94.40 and its 200 day simple moving average is $89.11. Entegris, Inc. has a one year low of $60.75 and a one year high of $124.00. The firm has a market cap of $18.60 billion, a PE ratio of 64.93 and a beta of 1.31. The company has a debt-to-equity ratio of 0.99, a current ratio of 3.44 and a quick ratio of 2.13.

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

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 18th. Shareholders of record on Wednesday, January 28th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, January 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. Entegris’s payout ratio is currently 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.