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

Principal Financial Group Inc. raised its position in Entegris, Inc. (NASDAQ:ENTG) by 130.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,379,963 shares of the semiconductor company’s stock after buying an additional 781,955 shares during the period. Principal Financial Group Inc. owned 0.92% of Entegris worth $155,287,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its position in Entegris by 7.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,085,147 shares of the semiconductor company’s stock worth $1,838,988,000 after acquiring an additional 916,420 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Entegris by 1,076.3% during the third quarter. Assenagon Asset Management S.A. now owns 923,332 shares of the semiconductor company’s stock worth $103,903,000 after purchasing an additional 844,837 shares during the last quarter. Swedbank AB increased its stake in shares of Entegris by 249.7% in the third quarter. Swedbank AB now owns 1,050,361 shares of the semiconductor company’s stock valued at $118,197,000 after buying an additional 750,000 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Entegris in the second quarter valued at about $42,087,000. Finally, American Century Companies Inc. lifted its position in Entegris by 20.2% during the 2nd quarter. American Century Companies Inc. now owns 1,523,824 shares of the semiconductor company’s stock worth $206,326,000 after buying an additional 256,186 shares in the last quarter.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ENTG. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a research report on Tuesday. Needham & Company LLC reiterated a “buy” rating and issued a $150.00 price objective on shares of Entegris in a research report on Thursday, August 1st. KeyCorp dropped their target price on Entegris from $164.00 to $154.00 and set an “overweight” rating for the company in a research report on Tuesday. Mizuho decreased their price target on Entegris from $143.00 to $125.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, Craig Hallum lowered their price objective on Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $135.40.

Entegris Stock Performance

Shares of ENTG stock opened at $108.21 on Friday. The stock has a market cap of $16.34 billion, a PE ratio of 71.66, a price-to-earnings-growth ratio of 1.36 and a beta of 1.24. The stock has a 50-day moving average of $108.64 and a 200-day moving average of $120.77. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.58 and a quick ratio of 2.14. Entegris, Inc. has a one year low of $90.24 and a one year high of $147.57.

Entegris (NASDAQ:ENTG) last issued its earnings results on Monday, November 4th. The semiconductor company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.01). The firm had revenue of $807.70 million during the quarter, compared to the consensus estimate of $832.44 million. Entegris had a net margin of 7.13% and a return on equity of 12.37%. The firm’s revenue for the quarter was down 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.68 EPS. As a group, sell-side analysts expect that Entegris, Inc. will post 3.13 earnings per share for the current year.

Entegris Dividend Announcement

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

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).