Principal Financial Group Inc. Increases Holdings in Entegris, Inc. (NASDAQ:ENTG)

Principal Financial Group Inc. boosted its holdings in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 8.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,493,201 shares of the semiconductor company's stock after buying an additional 113,238 shares during the period. Principal Financial Group Inc. owned approximately 0.99% of Entegris worth $147,917,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in ENTG. Capital Performance Advisors LLP purchased a new stake in Entegris during the third quarter valued at about $29,000. Blue Trust Inc. increased its holdings in shares of Entegris by 221.3% in the third quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company's stock worth $39,000 after buying an additional 239 shares during the period. Fortitude Family Office LLC increased its holdings in shares of Entegris by 195.7% in the fourth quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company's stock worth $41,000 after buying an additional 274 shares during the period. Covestor Ltd increased its holdings in shares of Entegris by 241.8% in the third quarter. Covestor Ltd now owns 417 shares of the semiconductor company's stock worth $47,000 after buying an additional 295 shares during the period. Finally, Huntington National Bank increased its holdings in shares of Entegris by 41.0% in the third quarter. Huntington National Bank now owns 454 shares of the semiconductor company's stock worth $51,000 after buying an additional 132 shares during the period.

Insider Transactions at Entegris

In related news, SVP Clinton M. Haris sold 12,652 shares of the business's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $106.92, for a total value of $1,352,751.84. Following the completion of the transaction, the senior vice president now directly owns 34,820 shares in the company, valued at $3,722,954.40. The trade was a 26.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.67% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on ENTG. Citigroup decreased their price objective on Entegris from $130.00 to $123.00 and set a "buy" rating on the stock in a report on Wednesday, November 6th. UBS Group decreased their price objective on Entegris from $130.00 to $115.00 and set a "neutral" rating on the stock in a report on Tuesday, November 5th. Craig Hallum reduced their price target on Entegris from $150.00 to $130.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft reduced their price target on Entegris from $145.00 to $115.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. Finally, KeyCorp reduced their price target on Entegris from $150.00 to $141.00 and set an "overweight" rating on the stock in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, Entegris presently has a consensus rating of "Moderate Buy" and a consensus target price of $128.78.

Entegris Stock Down 3.0 %

Shares of ENTG traded down $3.17 during mid-day trading on Friday, reaching $104.09. The company had a trading volume of 2,379,834 shares, compared to its average volume of 2,301,648. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08. The firm has a 50-day moving average price of $103.09 and a 200 day moving average price of $106.33. Entegris, Inc. has a 52 week low of $94.92 and a 52 week high of $147.57. The company has a market capitalization of $15.73 billion, a price-to-earnings ratio of 53.93, a price-to-earnings-growth ratio of 1.51 and a beta of 1.24.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.07. Entegris had a return on equity of 12.83% and a net margin of 9.03%. On average, sell-side analysts forecast that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were given a $0.10 dividend. The ex-dividend date was Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. Entegris's dividend payout ratio is currently 20.73%.

About Entegris

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).