Entegris, Inc. (NASDAQ:ENTG) Stock Position Lifted by Federated Hermes Inc.

Key Points

• Federated Hermes Inc. increased its stake in Entegris, Inc. by 64.1% during the first quarter, now owning approximately 0.11% of the company valued at $14.95 million.
• Entegris recently announced a quarterly dividend of $0.10 per share, with an annualized yield of 0.5%.
• Several analysts have issued new ratings on Entegris with price targets ranging from $90 to $106.44, reflecting a consensus rating of "Moderate Buy".

Federated Hermes Inc. lifted its holdings in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 64.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 170,914 shares of the semiconductor company's stock after acquiring an additional 66,757 shares during the quarter. Federated Hermes Inc. owned 0.11% of Entegris worth $14,952,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Principal Financial Group Inc. grew its position in shares of Entegris by 235.8% in the 1st quarter. Principal Financial Group Inc. now owns 5,014,198 shares of the semiconductor company's stock worth $438,642,000 after acquiring an additional 3,520,997 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Entegris by 33.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,194,612 shares of the semiconductor company's stock valued at $1,108,940,000 after purchasing an additional 2,826,463 shares during the last quarter. D1 Capital Partners L.P. raised its holdings in shares of Entegris by 329.4% during the fourth quarter. D1 Capital Partners L.P. now owns 2,752,902 shares of the semiconductor company's stock worth $272,702,000 after purchasing an additional 2,111,801 shares during the period. Deutsche Bank AG lifted its position in shares of Entegris by 434.1% in the 4th quarter. Deutsche Bank AG now owns 1,470,162 shares of the semiconductor company's stock worth $145,634,000 after buying an additional 1,194,903 shares during the last quarter. Finally, TPG GP A LLC bought a new position in shares of Entegris in the 4th quarter worth about $115,639,000.

Insiders Place Their Bets

In other Entegris news, SVP Clinton M. Haris sold 3,627 shares of the company's stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $90.00, for a total transaction of $326,430.00. Following the completion of the sale, the senior vice president directly owned 37,743 shares of the company's stock, valued at approximately $3,396,870. This represents a 8.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.61% of the company's stock.

Entegris Price Performance

Shares of Entegris stock traded down $2.80 during trading on Friday, hitting $75.66. The stock had a trading volume of 5,561,091 shares, compared to its average volume of 3,099,350. The business has a fifty day moving average of $81.44 and a two-hundred day moving average of $86.88. Entegris, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $119.95. The firm has a market cap of $11.47 billion, a P/E ratio of 39.00 and a beta of 1.22. The company has a debt-to-equity ratio of 1.04, a current ratio of 3.30 and a quick ratio of 1.95.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.01. Entegris had a net margin of 9.17% and a return on equity of 12.05%. The company had revenue of $792.40 million during the quarter, compared to analyst estimates of $753.85 million. During the same quarter last year, the firm posted $0.71 EPS. The business's revenue for the quarter was down 2.5% on a year-over-year basis. On average, sell-side analysts expect that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Investors of record on Wednesday, July 30th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, July 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. Entegris's dividend payout ratio (DPR) is currently 20.62%.

Analysts Set New Price Targets

ENTG has been the topic of several research reports. Mizuho increased their price objective on shares of Entegris from $90.00 to $98.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Citigroup lowered their target price on Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Needham & Company LLC reissued a "buy" rating and issued a $100.00 price target on shares of Entegris in a report on Tuesday, May 20th. KeyCorp reissued an "overweight" rating and set a $103.00 price target (down previously from $112.00) on shares of Entegris in a report on Thursday. Finally, The Goldman Sachs Group started coverage on shares of Entegris in a research report on Thursday, July 10th. They set a "neutral" rating and a $85.00 price target for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $106.44.

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).