Cantillon Capital Management LLC Has $253.99 Million Holdings in Entegris, Inc. $ENTG

Key Points

• Cantillon Capital Management cut its Entegris stake by 11.9% in the first quarter, but still held 2.17 million shares valued at about $253.99 million.
• Entegris reported better-than-expected quarterly results, with EPS of $0.86 versus the $0.75 estimate and revenue of $811.9 million, while also issuing Q2 guidance of $0.76 to $0.84 EPS.
• The stock has drawn a moderate buy consensus from analysts, with an average price target of $164.22; the company also announced a quarterly dividend of $0.10 per share.

Cantillon Capital Management LLC lowered its position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 11.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,166,428 shares of the semiconductor company's stock after selling 292,725 shares during the quarter. Entegris comprises 1.7% of Cantillon Capital Management LLC's investment portfolio, making the stock its 27th biggest holding. Cantillon Capital Management LLC owned about 1.42% of Entegris worth $253,992,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Invesco Ltd. boosted its position in shares of Entegris by 183.5% during the 3rd quarter. Invesco Ltd. now owns 3,167,857 shares of the semiconductor company's stock valued at $292,900,000 after purchasing an additional 2,050,473 shares in the last quarter. Norges Bank bought a new stake in Entegris in the fourth quarter worth approximately $158,669,000. Duquesne Family Office LLC acquired a new position in Entegris in the second quarter valued at approximately $132,741,000. Rafferty Asset Management LLC boosted its holdings in shares of Entegris by 64.4% during the 2nd quarter. Rafferty Asset Management LLC now owns 1,970,734 shares of the semiconductor company's stock worth $158,940,000 after buying an additional 771,650 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Entegris by 31.2% during the 2nd quarter. Bank of America Corp DE now owns 3,031,048 shares of the semiconductor company's stock worth $244,454,000 after buying an additional 720,467 shares in the last quarter.

Entegris Stock Performance

NASDAQ ENTG opened at $138.74 on Monday. The company has a quick ratio of 2.05, a current ratio of 3.21 and a debt-to-equity ratio of 0.91. Entegris, Inc. has a 52 week low of $67.97 and a 52 week high of $186.94. The business has a 50 day moving average price of $146.53 and a 200-day moving average price of $131.42. The company has a market cap of $21.16 billion, a price-to-earnings ratio of 80.20, a P/E/G ratio of 1.62 and a beta of 1.31.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its earnings results on Thursday, April 30th. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.75 by $0.11. Entegris had a return on equity of 11.45% and a net margin of 8.18%.The company had revenue of $811.90 million for the quarter, compared to analysts' expectations of $808.72 million. During the same period last year, the business earned $0.67 EPS. Entegris's quarterly revenue was up 5.0% compared to the same quarter last year. Entegris has set its Q2 2026 guidance at 0.760-0.840 EPS. As a group, equities analysts expect that Entegris, Inc. will post 3.65 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Wednesday, July 29th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Wednesday, July 29th. Entegris's dividend payout ratio (DPR) is 23.12%.

Analyst Ratings Changes

Several research firms have recently weighed in on ENTG. Oppenheimer reiterated an "outperform" rating and issued a $160.00 price objective on shares of Entegris in a research note on Friday, May 1st. Zacks Research lowered shares of Entegris from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 23rd. Needham & Company LLC raised their price target on shares of Entegris from $150.00 to $165.00 and gave the stock a "buy" rating in a report on Thursday, April 30th. Wall Street Zen raised shares of Entegris from a "buy" rating to a "strong-buy" rating in a research note on Sunday, July 12th. Finally, Weiss Ratings upgraded shares of Entegris from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, May 6th. Seven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Entegris presently has a consensus rating of "Moderate Buy" and an average target price of $164.22.

Insider Transactions at Entegris

In related news, SVP Olivier Blachier sold 2,000 shares of the company's stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $140.04, for a total value of $280,080.00. Following the sale, the senior vice president owned 34,897 shares in the company, valued at $4,886,975.88. This represents a 5.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Susan G. Rice sold 19,893 shares of the company's stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $132.84, for a total transaction of $2,642,586.12. Following the completion of the sale, the senior vice president owned 69,038 shares in the company, valued at $9,171,007.92. This represents a 22.37% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 44,466 shares of company stock valued at $6,186,624. Corporate insiders own 0.53% of the company's stock.

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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