Entegris, Inc. $ENTG Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 1.2% in the first quarter, HoldingsChannel.com reports. The fund owned 5,885,239 shares of the semiconductor company’s stock after purchasing an additional 68,152 shares during the period. Principal Financial Group Inc.’s holdings in Entegris were worth $689,990,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Invesco Ltd. lifted its position in shares of Entegris by 183.5% during the third quarter. Invesco Ltd. now owns 3,167,857 shares of the semiconductor company’s stock worth $292,900,000 after purchasing an additional 2,050,473 shares in the last quarter. Norges Bank acquired a new stake in Entegris during the 4th quarter worth approximately $158,669,000. Duquesne Family Office LLC purchased a new position in Entegris in the 2nd quarter valued at approximately $132,741,000. Rafferty Asset Management LLC grew its stake in shares of Entegris by 64.4% in the second quarter. Rafferty Asset Management LLC now owns 1,970,734 shares of the semiconductor company’s stock worth $158,940,000 after acquiring an additional 771,650 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Entegris by 31.2% during the second quarter. Bank of America Corp DE now owns 3,031,048 shares of the semiconductor company’s stock worth $244,454,000 after acquiring an additional 720,467 shares during the period.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on ENTG shares. Oppenheimer reiterated an “outperform” rating and issued a $160.00 price objective on shares of Entegris in a research note on Friday, May 1st. Weiss Ratings upgraded Entegris from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Citigroup reaffirmed a “buy” rating on shares of Entegris in a research report on Thursday, April 30th. Mizuho boosted their price objective on Entegris from $180.00 to $200.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and issued a $115.00 target price on shares of Entegris in a report on Friday, May 1st. Seven research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.22.

Entegris Stock Down 6.2%

Shares of NASDAQ ENTG opened at $136.27 on Tuesday. The business has a 50-day moving average of $147.52 and a two-hundred day moving average of $129.95. The company has a market capitalization of $20.78 billion, a price-to-earnings ratio of 78.77, a price-to-earnings-growth ratio of 1.70 and a beta of 1.31. Entegris, Inc. has a 1 year low of $67.97 and a 1 year high of $186.94. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.21 and a quick ratio of 2.05.

Entegris (NASDAQ:ENTG) last issued its earnings results on Thursday, April 30th. The semiconductor company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.11. The business had revenue of $811.90 million for the quarter, compared to analyst estimates of $808.72 million. Entegris had a return on equity of 11.45% and a net margin of 8.18%.The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the company earned $0.67 EPS. Entegris has set its Q2 2026 guidance at 0.760-0.840 EPS. On average, analysts forecast that Entegris, Inc. will post 3.63 earnings per share for the current fiscal year.

Entegris Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Wednesday, April 29th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Wednesday, April 29th. Entegris’s payout ratio is currently 23.12%.

Insiders Place Their Bets

In related news, insider Bertrand Loy sold 44,138 shares of the business’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $144.41, for a total value of $6,373,968.58. Following the completion of the sale, the insider directly owned 227,527 shares of the company’s stock, valued at $32,857,174.07. The trade was a 16.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Clinton M. Haris sold 6,848 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $149.23, for a total transaction of $1,021,927.04. Following the completion of the transaction, the senior vice president owned 54,961 shares of the company’s stock, valued at $8,201,830.03. This represents a 11.08% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 88,604 shares of company stock worth $12,560,593. 0.53% of the stock is currently owned by company insiders.

Entegris Company Profile

Entegris, Inc is a leading provider of advanced materials and process control solutions for the semiconductor and other high-technology industries. The company develops and supplies a broad portfolio of products designed to ensure purity and reliability throughout the manufacturing process, helping customers address critical contamination and yield challenges.

Entegris’s product offerings include high-purity chemicals and specialty materials, liquid and gas filtration and purification systems, and sophisticated wafer and chip handling solutions.