BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Lowers Position in Entegris, Inc. $ENTG

Key Points

• BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its stake in Entegris, Inc. by 11.3%, holding 111,473 shares worth approximately $9.75 million after selling 14,234 shares during the first quarter.
• Entegris reported $0.66 earnings per share for the last quarter, surpassing analyst expectations, with a revenue of $792.4 million, which was down 2.5% year-over-year.
• The company recently announced a quarterly dividend of $0.10, representing a 0.5% yield and a payout ratio of 20.62%.

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 11.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 111,473 shares of the semiconductor company's stock after selling 14,234 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned approximately 0.07% of Entegris worth $9,752,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Entegris by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 15,553,199 shares of the semiconductor company's stock worth $1,360,594,000 after buying an additional 351,053 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Entegris by 21.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,555,677 shares of the semiconductor company's stock worth $1,185,852,000 after purchasing an additional 2,361,065 shares during the last quarter. Principal Financial Group Inc. grew its stake in Entegris by 235.8% in the 1st quarter. Principal Financial Group Inc. now owns 5,014,198 shares of the semiconductor company's stock valued at $438,642,000 after purchasing an additional 3,520,997 shares during the period. Ameriprise Financial Inc. increased its position in shares of Entegris by 16.5% during the 4th quarter. Ameriprise Financial Inc. now owns 2,199,161 shares of the semiconductor company's stock valued at $217,850,000 after purchasing an additional 312,042 shares during the last quarter. Finally, Durable Capital Partners LP increased its position in shares of Entegris by 16.5% during the 4th quarter. Durable Capital Partners LP now owns 2,033,219 shares of the semiconductor company's stock valued at $201,411,000 after purchasing an additional 288,213 shares during the last quarter.

Entegris Stock Performance

ENTG stock traded down $0.50 during midday trading on Friday, reaching $83.36. 1,512,082 shares of the company's stock traded hands, compared to its average volume of 3,293,826. The firm has a market capitalization of $12.64 billion, a PE ratio of 43.10 and a beta of 1.22. The company has a 50-day moving average price of $83.07 and a two-hundred day moving average price of $83.86. Entegris, Inc. has a 52 week low of $60.75 and a 52 week high of $117.88. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.95 and a current ratio of 3.30.

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

Entegris Dividend Announcement

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

Insider Buying and Selling

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

Analysts Set New Price Targets

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

Entegris Company 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).