Entegris, Inc. $ENTG Shares Sold by Champlain Investment Partners LLC

Key Points

• Champlain Investment Partners LLC has reduced its stake in Entegris, Inc. by 55.6%, now holding approximately $40.37 million worth of the company's shares.
• Entegris has announced a quarterly dividend of $0.10 per share, representing an annual yield of 0.5% and a payout ratio of 20.62%.
• Recent analyst ratings for Entegris have been mixed, with target price adjustments ranging from $90.00 to $106.44 and seven ratings classified as "Buy" while two as "Hold."

Champlain Investment Partners LLC trimmed its stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 55.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 461,440 shares of the semiconductor company's stock after selling 578,745 shares during the quarter. Champlain Investment Partners LLC owned approximately 0.30% of Entegris worth $40,367,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ENTG. Gabelli Funds LLC raised its holdings in Entegris by 5.9% in the 1st quarter. Gabelli Funds LLC now owns 45,200 shares of the semiconductor company's stock valued at $3,954,000 after acquiring an additional 2,500 shares in the last quarter. RGM Capital LLC grew its position in Entegris by 11.8% during the 1st quarter. RGM Capital LLC now owns 1,561,949 shares of the semiconductor company's stock worth $136,639,000 after acquiring an additional 164,700 shares during the last quarter. Findlay Park Partners LLP bought a new stake in Entegris during the 1st quarter worth $44,877,000. Corebridge Financial Inc. grew its position in Entegris by 5,972.8% during the 1st quarter. Corebridge Financial Inc. now owns 168,582 shares of the semiconductor company's stock worth $14,748,000 after acquiring an additional 165,806 shares during the last quarter. Finally, Comerica Bank lifted its holdings in Entegris by 451.1% during the 1st quarter. Comerica Bank now owns 89,959 shares of the semiconductor company's stock worth $7,870,000 after buying an additional 73,636 shares during the period.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Mizuho increased their price target on Entegris from $90.00 to $98.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Needham & Company LLC reissued a "buy" rating and issued a $100.00 target price on shares of Entegris in a research report on Tuesday, May 20th. Wall Street Zen downgraded Entegris from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Citigroup cut their price target on Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, The Goldman Sachs Group initiated coverage on Entegris in a research note on Thursday, July 10th. They set a "neutral" rating and a $85.00 price objective for the company. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $106.44.

Entegris Stock Down 3.8%

Shares of Entegris stock traded down $3.16 during midday trading on Tuesday, hitting $80.58. The company had a trading volume of 724,491 shares, compared to its average volume of 3,288,757. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.95 and a current ratio of 3.30. The stock has a market capitalization of $12.22 billion, a P/E ratio of 41.58 and a beta of 1.29. The company has a 50 day moving average of $83.39 and a 200 day moving average of $83.20. Entegris, Inc. has a 52-week low of $60.75 and a 52-week high of $117.88.

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

Entegris Dividend Announcement

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

Insider Activity

In other news, SVP Susan G. Rice sold 8,858 shares of Entegris stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $79.84, for a total transaction of $707,222.72. Following the completion of the sale, the senior vice president owned 56,912 shares of the company's stock, valued at approximately $4,543,854.08. The trade was a 13.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Clinton M. Haris sold 3,627 shares of Entegris stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $90.00, for a total transaction of $326,430.00. Following the transaction, the senior vice president directly owned 37,743 shares in the company, valued at approximately $3,396,870. The trade was a 8.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.61% of the stock is owned by company insiders.

Entegris 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).