20,480,129 Shares in Entegris, Inc. $ENTG Acquired by BlackRock Inc.

Key Points

• BlackRock acquired 20.48 million Entegris shares worth approximately $3.68 billion, giving it a 13.43% ownership stake. Several other institutional investors also initiated positions during the second quarter.
• Entegris exceeded quarterly expectations, reporting $0.93 in EPS and $883.2 million in revenue, with revenue up 11.5% year over year. The company guided for third-quarter EPS of $0.96–$1.04.
• Analysts maintain a bullish outlook, with a consensus “Buy” rating and a $170.89 price target, while Entegris announced a quarterly dividend of $0.10 per share. Insiders, however, sold 18,395 shares worth about $2.8 million over the past 90 days.

BlackRock Inc. bought a new position in Entegris, Inc. (NASDAQ:ENTG - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 20,480,129 shares of the semiconductor company's stock, valued at approximately $3,683,556,000. BlackRock Inc. owned about 13.43% of Entegris as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Deutsche Bank AG acquired a new stake in Entegris during the 2nd quarter valued at $69,930,000. Perigon Wealth Management LLC purchased a new stake in shares of Entegris during the 2nd quarter worth about $396,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Entegris in the second quarter valued at approximately $32,111,000. Persistent Asset Partners Ltd bought a new stake in Entegris in the second quarter worth $2,081,000. Finally, OneDigital Investment Advisors LLC bought a new stake in shares of Entegris during the 2nd quarter worth about $1,270,000.

Insider Activity at Entegris

In related news, SVP Clinton M. Haris sold 6,848 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $149.23, for a total transaction of $1,021,927.04. Following the completion of the sale, the senior vice president directly owned 54,961 shares of the company's stock, valued at approximately $8,201,830.03. This represents a 11.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James P. Lederer sold 3,569 shares of the firm's stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $143.59, for a total transaction of $512,472.71. Following the sale, the director owned 18,277 shares in the company, valued at approximately $2,624,394.43. The trade was a 16.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 18,395 shares of company stock valued at $2,808,134 over the last 90 days. Insiders own 0.53% of the company's stock.

Entegris Stock Down 7.9%

Shares of NASDAQ ENTG opened at $150.26 on Wednesday. The firm's 50-day moving average is $147.82 and its 200-day moving average is $136.70. The company has a current ratio of 3.05, a quick ratio of 1.85 and a debt-to-equity ratio of 0.83. Entegris, Inc. has a 1 year low of $67.97 and a 1 year high of $186.94. The firm has a market capitalization of $22.91 billion, a PE ratio of 75.51, a price-to-earnings-growth ratio of 1.49 and a beta of 1.35.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The semiconductor company reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.82 by $0.11. The company had revenue of $883.20 million for the quarter, compared to the consensus estimate of $835.79 million. Entegris had a return on equity of 12.25% and a net margin of 9.18%.The firm's quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.66 EPS. Entegris has set its Q3 2026 guidance at 0.960-1.040 EPS. Equities analysts expect that Entegris, Inc. will post 3.91 EPS for the current year.

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Wednesday, July 29th will be given a $0.10 dividend. The ex-dividend date is Wednesday, July 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. Entegris's dividend payout ratio is currently 20.10%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ENTG shares. BMO Capital Markets raised their target price on shares of Entegris from $153.00 to $167.00 and gave the company an "outperform" rating in a research note on Monday, July 6th. Oppenheimer restated an "outperform" rating and set a $160.00 price objective on shares of Entegris in a research report on Friday, May 1st. UBS Group increased their price target on shares of Entegris from $205.00 to $215.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft raised Entegris from a "hold" rating to a "buy" rating and lifted their price objective for the company from $152.00 to $200.00 in a report on Wednesday, August 12th. Finally, Needham & Company LLC boosted their target price on Entegris from $165.00 to $170.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Entegris has a consensus rating of "Buy" and a consensus price target of $170.89.

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.

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