Entegris, Inc. (NASDAQ:ENTG) Holdings Increased by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 235.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,014,198 shares of the semiconductor company's stock after acquiring an additional 3,520,997 shares during the quarter. Principal Financial Group Inc. owned 3.31% of Entegris worth $438,642,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ENTG. Oregon Public Employees Retirement Fund acquired a new stake in shares of Entegris during the 1st quarter valued at approximately $2,684,000. Teacher Retirement System of Texas acquired a new stake in shares of Entegris during the 1st quarter valued at approximately $1,931,000. Phraction Management LLC lifted its position in shares of Entegris by 401.3% during the 1st quarter. Phraction Management LLC now owns 68,534 shares of the semiconductor company's stock valued at $5,995,000 after acquiring an additional 54,862 shares during the period. New York State Teachers Retirement System acquired a new stake in shares of Entegris during the 1st quarter valued at approximately $4,870,000. Finally, Amalgamated Bank lifted its position in shares of Entegris by 618.3% during the 1st quarter. Amalgamated Bank now owns 72,126 shares of the semiconductor company's stock valued at $6,310,000 after acquiring an additional 62,085 shares during the period.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. KeyCorp reduced their price target on shares of Entegris from $130.00 to $117.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Wall Street Zen downgraded shares of Entegris from a "hold" rating to a "sell" rating in a research report on Saturday, April 19th. UBS Group reduced their price target on shares of Entegris from $90.00 to $85.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Needham & Company LLC reiterated a "buy" rating and issued a $100.00 price target on shares of Entegris in a research report on Tuesday, May 20th. Finally, Citigroup lowered their price target on shares of Entegris from $125.00 to $102.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $113.00.

Entegris Stock Performance

Shares of Entegris stock traded up $0.16 during trading hours on Friday, reaching $86.62. The company's stock had a trading volume of 1,922,883 shares, compared to its average volume of 2,748,897. The company's 50 day simple moving average is $77.88 and its 200 day simple moving average is $88.87. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.95 and a current ratio of 3.26. Entegris, Inc. has a one year low of $60.75 and a one year high of $147.57. The stock has a market cap of $13.11 billion, a P/E ratio of 42.46, a price-to-earnings-growth ratio of 1.94 and a beta of 1.27.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.02). The firm had revenue of $773.20 million during the quarter, compared to the consensus estimate of $790.75 million. Entegris had a net margin of 9.57% and a return on equity of 12.48%. The company's revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.68 earnings per share. As a group, analysts expect that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, April 30th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, April 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.46%. Entegris's dividend payout ratio (DPR) is 19.61%.

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).