California State Teachers Retirement System Cuts Holdings in Entegris, Inc. $ENTG

California State Teachers Retirement System lowered its position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 4.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 226,491 shares of the semiconductor company's stock after selling 9,554 shares during the quarter. California State Teachers Retirement System owned 0.15% of Entegris worth $40,736,671 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of ENTG. Ancora Advisors LLC acquired a new position in Entegris during the 2nd quarter worth approximately $31,000. Transamerica Financial Advisors LLC purchased a new stake in Entegris during the 2nd quarter valued at about $32,000. Millstone Evans Group LLC increased its stake 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 valued at $31,000 after purchasing an additional 176 shares in the last quarter. First Horizon Corp grew its stake in shares of Entegris by 147.1% during 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 during the period. Finally, Elevated Capital Advisors LLC bought a new stake in Entegris in the 1st quarter valued at $44,000.

Wall Street Analysts Forecast Growth

ENTG has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Entegris from a "hold" rating to a "buy" rating and increased their target price for the stock from $152.00 to $200.00 in a research note on Wednesday, August 12th. Zacks Research raised Entegris from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 5th. Wall Street Zen lowered Entegris from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 8th. The Goldman Sachs Group raised Entegris from a "sell" rating to a "buy" rating in a research report on Wednesday, August 12th. Finally, UBS Group boosted their price target on Entegris from $205.00 to $215.00 and gave the stock 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 issued a Hold rating to the stock. According to data from MarketBeat, Entegris presently has a consensus rating of "Buy" and an average price target of $170.89.

Entegris Price Performance

Shares of ENTG traded down $0.87 during trading hours on Tuesday, hitting $127.65. 926,188 shares of the stock were exchanged, compared to its average volume of 2,914,231. The company has a market cap of $19.47 billion, a price-to-earnings ratio of 64.14, a price-to-earnings-growth ratio of 1.29 and a beta of 1.37. Entegris, Inc. has a 12-month low of $67.97 and a 12-month high of $186.94. 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 stock's 50-day moving average price is $138.99 and its two-hundred day moving average price is $138.24.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its earnings results on Tuesday, August 4th. The semiconductor company reported $0.93 earnings per share for the quarter, beating the consensus estimate 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 net margin of 9.18% and a return on equity of 12.25%. The firm's revenue for the quarter was up 11.5% on a year-over-year basis. During the same period last year, the firm posted $0.66 EPS. Entegris has set its Q3 2026 guidance at 0.960-1.040 EPS. Research analysts expect that Entegris, Inc. will post 3.91 earnings per share for the current year.

Entegris Announces Dividend

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

Insiders Place Their Bets

In other Entegris news, insider Olivier Blachier sold 2,000 shares of Entegris stock in a transaction on Friday, August 14th. The shares were 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Susan G. Rice sold 2,062 shares of Entegris stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $149.52, for a total transaction of $308,310.24. Following the sale, the senior vice president owned 66,976 shares of the company's stock, valued at $10,014,251.52. The trade was a 2.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 7,978 shares of company stock valued at $1,273,734. 0.53% of the stock is currently owned by insiders.

Entegris Company Profile

Entegris, Inc is a materials science and process technology company that supplies products and solutions used in the manufacture of semiconductors and other advanced electronic devices. Its offerings are designed to help manufacturers manage contamination, control critical process environments and improve the performance and reliability of production processes.

The company's products include specialty chemicals and gases, liquid and gas filtration systems, wafer-handling and storage products, contamination-control solutions, chemical-mechanical planarization materials, and deposition-related technologies.

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