Principal Securities Inc. Purchases 262 Shares of Entegris, Inc. (NASDAQ:ENTG)

Principal Securities Inc. increased its position in Entegris, Inc. (NASDAQ:ENTG) by 4.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,807 shares of the semiconductor company’s stock after purchasing an additional 262 shares during the quarter. Principal Securities Inc.’s holdings in Entegris were worth $575,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Capital Performance Advisors LLP bought a new stake in shares of Entegris in the 3rd quarter valued at about $29,000. Blue Trust Inc. grew its stake in Entegris by 221.3% in the 3rd quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 239 shares during the last quarter. Fortitude Family Office LLC grew its stake in Entegris by 195.7% in the 4th quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 274 shares during the last quarter. Covestor Ltd grew its stake in Entegris by 241.8% in the 3rd quarter. Covestor Ltd now owns 417 shares of the semiconductor company’s stock valued at $47,000 after buying an additional 295 shares during the last quarter. Finally, Huntington National Bank grew its stake in Entegris by 41.0% in the 3rd quarter. Huntington National Bank now owns 454 shares of the semiconductor company’s stock valued at $51,000 after buying an additional 132 shares during the last quarter.

Entegris Stock Performance

Shares of NASDAQ:ENTG opened at $104.09 on Friday. The company’s 50 day moving average price is $103.09 and its two-hundred day moving average price is $106.33. Entegris, Inc. has a 12-month low of $94.92 and a 12-month high of $147.57. The firm has a market cap of $15.73 billion, a PE ratio of 53.93, a PEG ratio of 1.51 and a beta of 1.24. The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 1.08.

Entegris (NASDAQ:ENTG) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.07. Entegris had a net margin of 9.03% and a return on equity of 12.83%. Equities research analysts predict that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. Entegris’s dividend payout ratio is 20.73%.

Analysts Set New Price Targets

A number of brokerages recently commented on ENTG. Craig Hallum decreased their price target 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. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price target on shares of Entegris in a research note on Friday, February 7th. Mizuho decreased their price target on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Finally, UBS Group decreased their price target on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $128.78.

Insider Buying and Selling

In related news, SVP Clinton M. Haris sold 12,652 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the sale, the senior vice president now owns 34,820 shares in the company, valued at approximately $3,722,954.40. This trade represents a 26.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.67% of the stock is currently owned by company insiders.

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).