Principal Financial Group Inc. Acquires 781,955 Shares of Entegris, Inc. (NASDAQ:ENTG)

Principal Financial Group Inc. raised its holdings in Entegris, Inc. (NASDAQ:ENTG) by 130.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,379,963 shares of the semiconductor company’s stock after acquiring an additional 781,955 shares during the quarter. Principal Financial Group Inc. owned approximately 0.91% of Entegris worth $155,287,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its position in shares of Entegris by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,065,812 shares of the semiconductor company’s stock worth $119,936,000 after purchasing an additional 14,650 shares during the period. Synovus Financial Corp grew its holdings in Entegris by 102.3% during the 3rd quarter. Synovus Financial Corp now owns 38,253 shares of the semiconductor company’s stock worth $4,305,000 after acquiring an additional 19,340 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of Entegris in the 3rd quarter valued at about $1,158,000. American Century Companies Inc. lifted its stake 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 valued at $206,326,000 after purchasing an additional 256,186 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in shares of Entegris during the 3rd quarter valued at about $1,963,000.

Entegris Stock Performance

Shares of ENTG stock opened at $97.91 on Friday. Entegris, Inc. has a one year low of $94.92 and a one year high of $147.57. The firm has a 50-day moving average of $105.25 and a 200-day moving average of $115.59. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.92 and a quick ratio of 1.83. The company has a market cap of $14.78 billion, a P/E ratio of 64.84, a P/E/G ratio of 1.80 and a beta of 1.23.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.01). Entegris had a return on equity of 12.24% and a net margin of 7.13%. The business had revenue of $807.70 million during the quarter, compared to analysts’ expectations of $832.44 million. During the same period in the prior year, the firm posted $0.68 EPS. The firm’s revenue for the quarter was down 9.1% on a year-over-year basis. Equities research analysts forecast that Entegris, Inc. will post 2.99 EPS for the current fiscal year.

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date was Wednesday, October 30th. Entegris’s dividend payout ratio is currently 26.49%.

Wall Street Analysts Forecast Growth

ENTG has been the topic of a number of research analyst reports. KeyCorp cut their price target on Entegris from $164.00 to $154.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Craig Hallum cut their target price on shares of Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Citigroup decreased their price target on shares of Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft decreased their target price on Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, BMO Capital Markets cut their price target on Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. One equities 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 company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $135.40.

Entegris Company 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).