Bank of Nova Scotia Purchases Shares of 67,133 Entegris, Inc. $ENTG

Key Points

• Bank of Nova Scotia bought 67,133 Entegris shares during the second quarter, valued at approximately $12.1 million. Several other institutional investors also increased or initiated positions.
• Entegris exceeded quarterly expectations, reporting $0.93 earnings per share versus the $0.82 consensus and revenue of $883.2 million, up 11.5% year over year. The company issued third-quarter EPS guidance of $0.96–$1.04.
• Analyst sentiment is broadly positive, with a consensus “Buy” rating and average price target of $170.89, although insiders sold 18,395 shares worth about $2.8 million over the past quarter.

Bank of Nova Scotia purchased a new stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 67,133 shares of the semiconductor company's stock, valued at approximately $12,075,000.

Other hedge funds have also modified their holdings of the company. Millstone Evans Group LLC grew its holdings in shares of Entegris by 191.3% during the first quarter. Millstone Evans Group LLC now owns 268 shares of the semiconductor company's stock worth $31,000 after buying an additional 176 shares in the last quarter. Johnson Financial Group Inc. boosted its holdings in shares of Entegris by 147.5% during the fourth quarter. Johnson Financial Group Inc. now owns 396 shares of the semiconductor company's stock worth $33,000 after purchasing an additional 236 shares during the last quarter. First Horizon Corp boosted its holdings in shares of Entegris by 147.1% during the first quarter. First Horizon Corp now owns 299 shares of the semiconductor company's stock worth $35,000 after purchasing an additional 178 shares during the last quarter. Elevated Capital Advisors LLC purchased a new stake in shares of Entegris in the first quarter valued at $44,000. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Entegris in the fourth quarter valued at $59,000.

Insider Buying and Selling

In other news, SVP Joseph Colella sold 3,916 shares of the firm's stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $164.48, for a total transaction of $644,103.68. Following the completion of the sale, the senior vice president directly owned 50,297 shares in the company, valued at $8,272,850.56. This trade represents a 7.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Olivier Blachier sold 2,000 shares of Entegris stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $160.66, for a total value of $321,320.00. Following the sale, the insider directly owned 34,997 shares in the company, valued at approximately $5,622,618.02. The trade was a 5.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 18,395 shares of company stock worth $2,808,134 over the last quarter. Company insiders own 0.53% of the company's stock.

Entegris Price Performance

ENTG stock opened at $138.25 on Tuesday. The firm has a market cap of $21.08 billion, a P/E ratio of 69.47, a price-to-earnings-growth ratio of 1.32 and a beta of 1.35. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.85 and a current ratio of 3.05. Entegris, Inc. has a 1 year low of $67.97 and a 1 year high of $186.94. The stock has a 50-day simple moving average of $147.49 and a 200-day simple moving average of $137.38.

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

Entegris Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ENTG. The Goldman Sachs Group upgraded Entegris from a "sell" rating to a "buy" rating in a research report on Wednesday, August 12th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Entegris in a research report on Monday, August 3rd. Oppenheimer restated an "outperform" rating and set a $160.00 price objective on shares of Entegris in a report on Friday, May 1st. Freedom Capital raised Entegris to a "strong-buy" rating in a research report on Monday, August 3rd. Finally, Citigroup reiterated a "buy" rating on shares of Entegris in a report on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Entegris has a consensus rating of "Buy" and an average 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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