Entegris, Inc. (NASDAQ:ENTG) Shares Purchased by Prudential PLC

Posted by Defense World Staff on May 19th, 2023

Prudential PLC boosted its holdings in Entegris, Inc. (NASDAQ:ENTG – Get Rating) by 112.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,542 shares of the semiconductor company’s stock after acquiring an additional 3,466 shares during the period. Prudential PLC’s holdings in Entegris were worth $429,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. FORA Capital LLC lifted its holdings in Entegris by 16.6% in the fourth quarter. FORA Capital LLC now owns 9,087 shares of the semiconductor company’s stock valued at $596,000 after acquiring an additional 1,296 shares during the last quarter. Alliance Wealth Advisors LLC UT acquired a new position in Entegris in the fourth quarter valued at approximately $380,000. Skandinaviska Enskilda Banken AB publ lifted its holdings in Entegris by 7.2% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 25,856 shares of the semiconductor company’s stock valued at $1,696,000 after acquiring an additional 1,737 shares during the last quarter. Torray Investment Partners LLC acquired a new position in Entegris during the fourth quarter worth $857,000. Finally, Thrivent Financial for Lutherans lifted its stake in Entegris by 4,924.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 154,442 shares of the semiconductor company’s stock worth $10,129,000 after purchasing an additional 151,368 shares in the last quarter. 98.21% of the stock is currently owned by institutional investors and hedge funds.

Entegris Stock Performance

NASDAQ:ENTG opened at $98.06 on Friday. The firm has a market capitalization of $14.68 billion, a PE ratio of 4,903.00 and a beta of 1.27. The business’s fifty day moving average price is $78.75 and its 200 day moving average price is $76.95. The company has a debt-to-equity ratio of 1.78, a current ratio of 3.14 and a quick ratio of 2.08. Entegris, Inc. has a 12 month low of $61.75 and a 12 month high of $115.43.

Entegris (NASDAQ:ENTG – Get Rating) last posted its earnings results on Tuesday, February 14th. The semiconductor company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.78 by $0.05. The firm had revenue of $946.07 million for the quarter, compared to analyst estimates of $949.14 million. Entegris had a positive return on equity of 17.06% and a negative net margin of 0.14%. Entegris’s revenue for the quarter was up 48.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.96 earnings per share. On average, sell-side analysts anticipate that Entegris, Inc. will post 2.57 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 24th. Shareholders of record on Wednesday, May 3rd will be paid a $0.10 dividend. The ex-dividend date is Tuesday, May 2nd. This represents a $0.40 annualized dividend and a yield of 0.41%. Entegris’s dividend payout ratio is presently 2,000.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on ENTG shares. StockNews.com upgraded Entegris to a “sell” rating in a research note on Monday, March 20th. Credit Suisse Group restated an “outperform” rating and set a $95.00 price target on shares of Entegris in a research note on Wednesday, February 15th. Loop Capital decreased their price target on Entegris from $143.00 to $123.00 in a research note on Monday. KeyCorp upped their price target on Entegris from $105.00 to $116.00 in a research note on Friday, May 12th. Finally, Needham & Company LLC upped their price target on Entegris from $100.00 to $106.00 in a research note on Friday, May 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $111.45.

Insider Buying and Selling at Entegris

In other Entegris news, SVP James Anthony O’neill sold 4,845 shares of the company’s stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $90.72, for a total value of $439,538.40. Following the completion of the transaction, the senior vice president now owns 15,588 shares in the company, valued at $1,414,143.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Entegris news, SVP James Anthony O’neill sold 4,845 shares of the company’s stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $90.72, for a total value of $439,538.40. Following the completion of the transaction, the senior vice president now owns 15,588 shares in the company, valued at $1,414,143.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Gregory B. Graves sold 8,073 shares of the stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $82.19, for a total transaction of $663,519.87. Following the sale, the chief financial officer now owns 19,703 shares of the company’s stock, valued at approximately $1,619,389.57. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by insiders.

Entegris Company Profile

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Entegris, Inc engages in the development, manufacture, and supply of specialty materials for the microelectronics industry. It operates through the following business segments: Specialty Chemicals and Engineered Materials (SCEM), Advanced Materials Handling (AMH), and Microcontamination Control (MC).