California State Teachers Retirement System Purchases 40,500,626 Shares of Entegris, Inc. $ENTG

California State Teachers Retirement System grew its holdings in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 17,158.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 40,736,671 shares of the semiconductor company's stock after buying an additional 40,500,626 shares during the quarter. California State Teachers Retirement System owned 26.71% of Entegris worth $7,326,898,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Ancora Advisors LLC bought a new stake in Entegris during the 2nd quarter valued at about $31,000. Transamerica Financial Advisors LLC purchased a new position in shares of Entegris during the second quarter worth approximately $32,000. Millstone Evans Group LLC increased its position 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 acquiring an additional 176 shares during the period. First Horizon Corp raised its stake in shares of Entegris by 147.1% during the first quarter. First Horizon Corp now owns 299 shares of the semiconductor company's stock valued at $35,000 after acquiring an additional 178 shares in the last quarter. Finally, Elevated Capital Advisors LLC bought a new stake in shares of Entegris during the first quarter valued at approximately $44,000.

Entegris Price Performance

Shares of ENTG opened at $141.09 on Wednesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.85 and a current ratio of 3.05. The company has a 50 day moving average price of $140.07 and a 200-day moving average price of $138.18. Entegris, Inc. has a fifty-two week low of $67.97 and a fifty-two week high of $186.94. The stock has a market capitalization of $21.52 billion, a PE ratio of 70.90, a PEG ratio of 1.28 and a beta of 1.37.

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

Entegris Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders 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 dividend yield of 0.3%. Entegris's dividend payout ratio (DPR) is currently 20.10%.

Insider Activity

In other Entegris news, insider Olivier Blachier sold 2,000 shares of the business's stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $160.66, for a total value of $321,320.00. Following the completion of the transaction, 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Joseph Colella sold 3,916 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $164.48, for a total transaction of $644,103.68. Following the sale, the senior vice president directly owned 50,297 shares of the company's stock, valued at approximately $8,272,850.56. The trade was a 7.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 7,978 shares of company stock worth $1,273,734. 0.53% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ENTG has been the subject of a number of research reports. Weiss Ratings reiterated a "hold (c)" rating on shares of Entegris in a report on Monday, August 3rd. Wall Street Zen lowered Entegris from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 8th. BMO Capital Markets lifted their target price on Entegris from $153.00 to $167.00 and gave the company an "outperform" rating in a research report on Monday, July 6th. UBS Group upped their target price on Entegris from $205.00 to $215.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Finally, Mizuho increased their price target on Entegris from $180.00 to $200.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $170.89.

Entegris 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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