Entegris, Inc. (NASDAQ:ENTG) Holdings Lifted by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. boosted its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 30.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,928 shares of the semiconductor company’s stock after buying an additional 9,332 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Entegris were worth $4,784,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of ENTG. Vanguard Group Inc. lifted its holdings in shares of Entegris by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 14,554,015 shares of the semiconductor company’s stock valued at $1,743,862,000 after purchasing an additional 101,129 shares during the last quarter. WCM Investment Management LLC boosted its position in shares of Entegris by 0.4% in the 4th quarter. WCM Investment Management LLC now owns 5,173,163 shares of the semiconductor company’s stock valued at $628,177,000 after purchasing an additional 22,249 shares during the period. London Co. of Virginia boosted its position in shares of Entegris by 0.6% in the 3rd quarter. London Co. of Virginia now owns 2,867,758 shares of the semiconductor company’s stock valued at $269,311,000 after purchasing an additional 17,077 shares during the period. Norges Bank acquired a new position in shares of Entegris in the 4th quarter valued at $278,727,000. Finally, Earnest Partners LLC boosted its position in shares of Entegris by 1.6% in the 3rd quarter. Earnest Partners LLC now owns 1,770,010 shares of the semiconductor company’s stock valued at $166,222,000 after purchasing an additional 27,810 shares during the period.

Entegris Stock Performance

Shares of NASDAQ ENTG opened at $137.73 on Wednesday. The company has a quick ratio of 2.02, a current ratio of 3.35 and a debt-to-equity ratio of 1.22. The business’s 50 day moving average is $130.94 and its two-hundred day moving average is $127.37. The company has a market cap of $20.77 billion, a P/E ratio of 66.22 and a beta of 1.24. Entegris, Inc. has a 12 month low of $84.13 and a 12 month high of $146.91.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.07. The business had revenue of $771.03 million for the quarter, compared to analysts’ expectations of $769.24 million. Entegris had a return on equity of 11.94% and a net margin of 9.31%. Entegris’s quarterly revenue was down 16.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.65 earnings per share. On average, equities analysts expect that Entegris, Inc. will post 3.25 EPS for the current year.

Entegris Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 1st were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date was Tuesday, April 30th. Entegris’s dividend payout ratio is presently 19.23%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. StockNews.com lowered Entegris from a “hold” rating to a “sell” rating in a research report on Thursday, February 22nd. Needham & Company LLC restated a “buy” rating and set a $150.00 price objective on shares of Entegris in a research report on Monday, May 13th. Mizuho raised their price objective on Entegris from $140.00 to $143.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Finally, Wolfe Research started coverage on Entegris in a research report on Friday, March 1st. They set an “outperform” rating and a $160.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Entegris has an average rating of “Moderate Buy” and a consensus price target of $148.67.

Insider Activity

In other news, SVP James Anthony O’neill sold 6,761 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $133.50, for a total transaction of $902,593.50. Following the sale, the senior vice president now directly owns 13,652 shares in the company, valued at $1,822,542. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Entegris news, SVP Olivier Blachier sold 1,986 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $133.84, for a total value of $265,806.24. Following the transaction, the senior vice president now owns 12,356 shares of the company’s stock, valued at $1,653,727.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP James Anthony O’neill sold 6,761 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $133.50, for a total value of $902,593.50. Following the completion of the transaction, the senior vice president now directly owns 13,652 shares in the company, valued at approximately $1,822,542. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,752 shares of company stock worth $1,792,723. Company insiders own 0.67% of the company’s stock.

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).