Federated Hermes Inc. Has $51.22 Million Stock Position in Entegris, Inc. $ENTG

Federated Hermes Inc. boosted its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 3,036.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 553,954 shares of the semiconductor company’s stock after purchasing an additional 536,293 shares during the quarter. Federated Hermes Inc.’s holdings in Entegris were worth $51,219,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Truist Financial Corp grew its position in shares of Entegris by 21.3% during the 3rd quarter. Truist Financial Corp now owns 63,312 shares of the semiconductor company’s stock worth $5,854,000 after buying an additional 11,119 shares during the period. Mn Services Vermogensbeheer B.V. grew its holdings in Entegris by 5.3% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 57,700 shares of the semiconductor company’s stock worth $5,335,000 after acquiring an additional 2,900 shares during the period. Parkside Financial Bank & Trust raised its position in shares of Entegris by 61.0% during the 3rd quarter. Parkside Financial Bank & Trust now owns 3,298 shares of the semiconductor company’s stock valued at $305,000 after acquiring an additional 1,250 shares during the last quarter. iA Global Asset Management Inc. acquired a new position in shares of Entegris in the 3rd quarter valued at $7,619,000. Finally, Strs Ohio boosted its position in shares of Entegris by 176.9% in the 3rd quarter. Strs Ohio now owns 181,569 shares of the semiconductor company’s stock worth $16,788,000 after purchasing an additional 116,001 shares during the last quarter.

Analyst Ratings Changes

ENTG has been the subject of a number of recent analyst reports. Needham & Company LLC reiterated a “strong-buy” rating on shares of Entegris in a report on Tuesday, January 20th. BMO Capital Markets boosted their target price on Entegris from $105.00 to $126.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. Zacks Research raised Entegris from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Entegris in a research note on Monday, December 29th. Finally, The Goldman Sachs Group cut shares of Entegris from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $88.00 to $75.00 in a report on Monday, December 15th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $111.00.

Entegris Trading Up 1.7%

NASDAQ:ENTG opened at $122.71 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 3.44 and a quick ratio of 2.13. The business’s 50-day simple moving average is $94.40 and its 200-day simple moving average is $89.11. Entegris, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $124.00. The stock has a market capitalization of $18.60 billion, a PE ratio of 64.93 and a beta of 1.31.

Entegris (NASDAQ:ENTG) last announced its earnings results on Thursday, October 30th. The semiconductor company reported $0.72 EPS for the quarter, hitting the consensus estimate of $0.72. Entegris had a net margin of 8.95% and a return on equity of 11.61%. The firm had revenue of $807.10 million for the quarter, compared to the consensus estimate of $804.63 million. During the same period last year, the company posted $0.77 EPS. The business’s quarterly revenue was down .1% on a year-over-year basis. Sell-side analysts expect that Entegris, Inc. will post 3.51 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, February 18th. Investors of record on Wednesday, January 28th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Wednesday, January 28th. Entegris’s dividend payout ratio (DPR) is presently 21.16%.

Insiders Place Their Bets

In other Entegris news, SVP Clinton M. Haris sold 5,830 shares of Entegris stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $120.00, for a total value of $699,600.00. Following the sale, the senior vice president owned 37,743 shares of the company’s stock, valued at $4,529,160. This trade represents a 13.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Joseph Colella sold 3,577 shares of the business’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $88.41, for a total value of $316,242.57. Following the completion of the sale, the senior vice president 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 69,473 shares of company stock worth $5,666,033 in the last ninety days. 0.67% of the stock is owned by insiders.

About Entegris

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.