Bank of New York Mellon Corp Invests $248.87 Million in Entegris, Inc. $ENTG

Key Points

• Bank of New York Mellon acquired 1.38 million Entegris shares worth approximately $248.9 million, giving it about a 0.91% stake. Several other institutional investors also recently increased or initiated positions.
• Entegris beat quarterly expectations with earnings of $0.93 per share and revenue of $883.2 million, while revenue rose 11.5% year over year. The company issued third-quarter EPS guidance of $0.96–$1.04.
• Analysts maintain a broadly positive view, with the stock carrying a consensus “Buy” rating and an average price target of $170.89. Meanwhile, insiders sold 18,395 shares worth approximately $2.8 million over the past quarter.

Bank of New York Mellon Corp acquired a new position in Entegris, Inc. (NASDAQ:ENTG - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 1,383,680 shares of the semiconductor company's stock, valued at approximately $248,869,000. Bank of New York Mellon Corp owned approximately 0.91% of Entegris as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in ENTG. Millstone Evans Group LLC lifted its position in shares of Entegris by 191.3% in the first quarter. Millstone Evans Group LLC now owns 268 shares of the semiconductor company's stock valued at $31,000 after acquiring an additional 176 shares in the last quarter. Johnson Financial Group Inc. lifted its holdings in Entegris by 147.5% in the 4th quarter. Johnson Financial Group Inc. now owns 396 shares of the semiconductor company's stock valued at $33,000 after purchasing an additional 236 shares in the last quarter. First Horizon Corp lifted its holdings in Entegris by 147.1% in the 1st quarter. First Horizon Corp now owns 299 shares of the semiconductor company's stock valued at $35,000 after purchasing an additional 178 shares in the last quarter. Elevated Capital Advisors LLC acquired a new stake in shares of Entegris during the 1st quarter worth about $44,000. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Entegris during the 4th quarter worth about $59,000.

Insider Activity at Entegris

In other news, SVP Clinton M. Haris sold 6,848 shares of the firm's stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $149.23, for a total value of $1,021,927.04. Following the transaction, the senior vice president owned 54,961 shares of the company's stock, valued at approximately $8,201,830.03. This trade represents a 11.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Joseph Colella sold 3,916 shares of the firm's stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $164.48, for a total transaction of $644,103.68. Following the completion of the transaction, the senior vice president directly owned 50,297 shares in the company, valued at approximately $8,272,850.56. This represents a 7.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 18,395 shares of company stock valued at $2,808,134 over the last quarter. Company insiders own 0.53% of the company's stock.

Entegris Price Performance

Shares of Entegris stock opened at $143.66 on Friday. Entegris, Inc. has a twelve month low of $67.97 and a twelve month high of $186.94. The stock has a market capitalization of $21.91 billion, a P/E ratio of 72.19, a PEG ratio of 1.32 and a beta of 1.35. The company has a current ratio of 3.05, a quick ratio of 1.85 and a debt-to-equity ratio of 0.83. The business's fifty day moving average price is $147.98 and its 200 day moving average price is $137.08.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.82 by $0.11. The firm had revenue of $883.20 million during 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.66 earnings per share. Entegris has set its Q3 2026 guidance at 0.960-1.040 EPS. As a group, research analysts anticipate that Entegris, Inc. will post 3.91 earnings per share for the current year.

Entegris Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Shareholders of record on Wednesday, July 29th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Wednesday, July 29th. Entegris's payout ratio is 20.10%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ENTG. Freedom Capital upgraded shares of Entegris to a "strong-buy" rating in a report on Monday, August 3rd. Oppenheimer reissued an "outperform" rating and set a $160.00 price objective on shares of Entegris in a research note on Friday, May 1st. BMO Capital Markets raised their target price on shares of Entegris from $153.00 to $167.00 and gave the stock an "outperform" rating in a research report on Monday, July 6th. The Goldman Sachs Group raised shares of Entegris from a "sell" rating to a "buy" rating in a research note on Wednesday, August 12th. Finally, UBS Group boosted their price target on Entegris from $205.00 to $215.00 and gave the company 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 assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $170.89.

Entegris Company Profile

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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