Prudential PLC Takes Position in Entegris, Inc. $ENTG

Prudential PLC purchased a new stake in Entegris, Inc. (NASDAQ:ENTG) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 5,733 shares of the semiconductor company’s stock, valued at approximately $462,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its position in shares of Entegris by 21.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,555,677 shares of the semiconductor company’s stock valued at $1,185,852,000 after acquiring an additional 2,361,065 shares during the period. Durable Capital Partners LP raised its stake in Entegris by 43.3% in the first quarter. Durable Capital Partners LP now owns 2,914,417 shares of the semiconductor company’s stock valued at $254,953,000 after purchasing an additional 881,198 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Entegris by 40.4% during the first quarter. Goldman Sachs Group Inc. now owns 2,759,296 shares of the semiconductor company’s stock worth $241,383,000 after purchasing an additional 794,222 shares during the period. Westfield Capital Management Co. LP bought a new stake in Entegris during the second quarter worth about $44,010,000. Finally, Findlay Park Partners LLP acquired a new stake in Entegris during the first quarter worth about $44,877,000.

Insider Transactions at Entegris

In other Entegris news, SVP Joseph Colella sold 3,577 shares of the stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $88.41, for a total value of $316,242.57. Following the completion of the transaction, the senior vice president directly owned 34,364 shares in the company, valued at approximately $3,038,121.24. This trade represents a 9.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Olivier Blachier sold 488 shares of Entegris stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $77.43, for a total value of $37,785.84. Following the sale, the senior vice president directly owned 14,124 shares in the company, valued at $1,093,621.32. The trade was a 3.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.67% of the stock is owned by corporate insiders.

Entegris Price Performance

ENTG stock opened at $73.99 on Tuesday. The stock has a market cap of $11.22 billion, a price-to-earnings ratio of 38.14 and a beta of 1.39. The company has a debt-to-equity ratio of 1.04, a current ratio of 3.30 and a quick ratio of 1.95. The company has a 50 day simple moving average of $88.98 and a 200 day simple moving average of $83.55. Entegris, Inc. has a 1 year low of $60.75 and a 1 year high of $112.36.

Entegris (NASDAQ:ENTG) last issued its earnings results on Wednesday, July 6th. The semiconductor company reported $0.70 earnings per share for the quarter. The firm had revenue of $512.84 million for the quarter. Entegris had a net margin of 9.17% and a return on equity of 12.05%. Research analysts anticipate that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Wednesday, October 29th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, October 29th. Entegris’s dividend payout ratio is presently 21.16%.

Wall Street Analyst Weigh In

ENTG has been the subject of several analyst reports. KeyCorp restated an “overweight” rating and issued a $103.00 target price (down from $112.00) on shares of Entegris in a research report on Thursday, July 31st. Mizuho decreased their price objective on shares of Entegris from $108.00 to $96.00 and set an “outperform” rating on the stock in a research note on Thursday. Weiss Ratings restated a “hold (c)” rating on shares of Entegris in a research report on Thursday, November 13th. UBS Group reduced their target price on Entegris from $95.00 to $90.00 and set a “neutral” rating on the stock in a report on Thursday, July 31st. Finally, Zacks Research lowered Entegris from a “hold” rating to a “strong sell” rating in a research note on Monday, November 3rd. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $95.86.

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).