Principal Financial Group Inc. Has $155.29 Million Stock Position in Entegris, Inc. (NASDAQ:ENTG)

Principal Financial Group Inc. grew its holdings in Entegris, Inc. (NASDAQ:ENTG) by 130.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,379,963 shares of the semiconductor company’s stock after purchasing an additional 781,955 shares during the period. Principal Financial Group Inc.’s holdings in Entegris were worth $155,287,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Private Advisor Group LLC lifted its position in Entegris by 3.0% during the 1st quarter. Private Advisor Group LLC now owns 10,221 shares of the semiconductor company’s stock worth $1,437,000 after buying an additional 299 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in Entegris during the first quarter valued at approximately $203,000. Janney Montgomery Scott LLC boosted its position in Entegris by 10.9% during the first quarter. Janney Montgomery Scott LLC now owns 8,798 shares of the semiconductor company’s stock valued at $1,236,000 after purchasing an additional 867 shares during the last quarter. Nordea Investment Management AB grew its stake in Entegris by 5.0% in the first quarter. Nordea Investment Management AB now owns 10,370 shares of the semiconductor company’s stock valued at $1,461,000 after purchasing an additional 492 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S increased its position in shares of Entegris by 102.4% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,872 shares of the semiconductor company’s stock worth $263,000 after purchasing an additional 947 shares during the last quarter.

Entegris Stock Up 3.0 %

ENTG stock opened at $108.21 on Friday. Entegris, Inc. has a fifty-two week low of $90.24 and a fifty-two week high of $147.57. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.58 and a quick ratio of 2.14. The stock has a market capitalization of $16.34 billion, a price-to-earnings ratio of 71.66, a PEG ratio of 1.36 and a beta of 1.24. The business’s fifty day moving average price is $108.64 and its two-hundred day moving average price is $120.77.

Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). The business had revenue of $807.70 million for the quarter, compared to the consensus estimate of $832.44 million. Entegris had a return on equity of 12.37% and a net margin of 7.13%. Entegris’s revenue was down 9.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.68 earnings per share. On average, equities analysts anticipate that Entegris, Inc. will post 3.13 earnings per share for the current year.

Entegris Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, October 30th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date of this dividend is Wednesday, October 30th. Entegris’s dividend payout ratio is currently 26.49%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Craig Hallum dropped their price target on shares of Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday. Citigroup dropped their target price on shares of Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday. UBS Group reduced their price target on Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday. BMO Capital Markets dropped their price objective on Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a research note on Tuesday. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $150.00 price objective on shares of Entegris in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $135.40.

Entegris 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).