Entegris, Inc. $ENTG Shares Bought by Allstate Corp

Key Points

• Allstate Corp increased its stake in Entegris, Inc. by 85%, owning 8,353 shares valued at approximately $731,000 as of their last reported quarter.
• Institutional investors demonstrated strong interest in Entegris, with principal financial group holdings growing by 235.8% and Deutsche Bank AG increasing its position by 434.1% in recent quarters.
• Entegris declared a quarterly dividend of $0.10 per share, with a yield of 0.5%, continuing to show a commitment to returning value to shareholders amidst mixed earnings results.

Allstate Corp lifted its holdings in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 85.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,353 shares of the semiconductor company's stock after acquiring an additional 3,838 shares during the period. Allstate Corp's holdings in Entegris were worth $731,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Personal CFO Solutions LLC grew its stake in shares of Entegris by 6.0% during the first quarter. Personal CFO Solutions LLC now owns 2,466 shares of the semiconductor company's stock valued at $216,000 after acquiring an additional 140 shares in the last quarter. First Hawaiian Bank grew its stake in Entegris by 0.9% during the 1st quarter. First Hawaiian Bank now owns 15,786 shares of the semiconductor company's stock valued at $1,381,000 after purchasing an additional 143 shares in the last quarter. Ensign Peak Advisors Inc increased its holdings in Entegris by 0.3% during the 4th quarter. Ensign Peak Advisors Inc now owns 53,230 shares of the semiconductor company's stock worth $5,273,000 after purchasing an additional 150 shares during the last quarter. Evexia Wealth LLC raised its position in shares of Entegris by 6.3% in the 1st quarter. Evexia Wealth LLC now owns 2,798 shares of the semiconductor company's stock valued at $245,000 after purchasing an additional 166 shares in the last quarter. Finally, Central Pacific Bank Trust Division boosted its stake in shares of Entegris by 125.7% during the 1st quarter. Central Pacific Bank Trust Division now owns 307 shares of the semiconductor company's stock valued at $27,000 after buying an additional 171 shares during the last quarter.

Insiders Place Their Bets

In other Entegris news, SVP Susan G. Rice sold 8,858 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $79.84, for a total value of $707,222.72. Following the sale, the senior vice president owned 56,912 shares in the company, valued at approximately $4,543,854.08. This trade represents a 13.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Clinton M. Haris sold 3,627 shares of the business's stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $90.00, for a total value of $326,430.00. Following the transaction, the senior vice president owned 37,743 shares of the company's stock, valued at approximately $3,396,870. This represents a 8.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.67% of the company's stock.

Entegris Stock Performance

ENTG traded down $0.50 on Friday, hitting $83.36. 1,512,082 shares of the company's stock were exchanged, compared to its average volume of 3,293,826. The company has a current ratio of 3.30, a quick ratio of 1.95 and a debt-to-equity ratio of 1.04. The stock has a fifty day moving average of $83.07 and a two-hundred day moving average of $83.86. Entegris, Inc. has a twelve month low of $60.75 and a twelve month high of $117.88. The firm has a market cap of $12.64 billion, a PE ratio of 43.10 and a beta of 1.22.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its earnings results on Wednesday, July 30th. The semiconductor company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.65 by $0.01. The company had revenue of $792.40 million during the quarter, compared to analyst estimates of $753.85 million. Entegris had a return on equity of 12.05% and a net margin of 9.17%.The business's revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.71 earnings per share. Entegris has set its Q3 2025 guidance at 0.680-0.700 EPS. On average, research analysts anticipate that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Wednesday, July 30th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Wednesday, July 30th. Entegris's dividend payout ratio (DPR) is presently 20.62%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. The Goldman Sachs Group started coverage on shares of Entegris in a report on Thursday, July 10th. They issued a "neutral" rating and a $85.00 price target on the stock. Mizuho upped their target price on shares of Entegris from $90.00 to $98.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. UBS Group decreased their price target on Entegris from $95.00 to $90.00 and set a "neutral" rating for the company in a research note on Thursday, July 31st. Needham & Company LLC reissued a "buy" rating and issued a $100.00 price objective on shares of Entegris in a report on Tuesday, May 20th. Finally, Citigroup reduced their target price on Entegris from $125.00 to $102.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $106.44.

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).