Comerica Bank Grows Stake in Entegris, Inc. $ENTG

Key Points

• Comerica Bank significantly increased its stake in Entegris, Inc. by 451.1% during the first quarter, acquiring an additional 73,636 shares for a total of nearly 90,000 shares valued at approximately $7.87 million.
• Entegris reported earnings of $0.66 per share, which surpassed analysts' estimates, along with a quarterly revenue of $792.40 million, reflecting a 2.5% decline year-over-year.
• The firm declared a quarterly dividend of $0.10 per share, with a 0.5% annualized yield, and a payout ratio of 20.62% as of its latest financial disclosures.

Comerica Bank grew its position in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 451.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 89,959 shares of the semiconductor company's stock after acquiring an additional 73,636 shares during the quarter. Comerica Bank owned about 0.06% of Entegris worth $7,870,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ENTG. Vanguard Group Inc. raised its position in 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 purchasing an additional 351,053 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of 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 buying an additional 2,361,065 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Entegris by 235.8% in the first quarter. Principal Financial Group Inc. now owns 5,014,198 shares of the semiconductor company's stock worth $438,642,000 after buying an additional 3,520,997 shares during the period. Ameriprise Financial Inc. lifted its stake 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 worth $217,850,000 after acquiring an additional 312,042 shares during the last quarter. Finally, Durable Capital Partners LP boosted its holdings in 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 acquiring an additional 288,213 shares during the period.

Entegris Stock Down 2.1%

NASDAQ ENTG traded down $1.80 during trading on Tuesday, reaching $81.94. 2,017,612 shares of the company's stock traded hands, compared to its average volume of 2,536,796. Entegris, Inc. has a 12-month low of $60.75 and a 12-month high of $117.88. The company has a debt-to-equity ratio of 1.04, a current ratio of 3.30 and a quick ratio of 1.95. The firm has a market cap of $12.42 billion, a price-to-earnings ratio of 42.24 and a beta of 1.29. The company's 50 day simple moving average is $83.39 and its two-hundred day simple moving average is $83.20.

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 analysts' consensus estimates of $0.65 by $0.01. The firm had revenue of $792.40 million for the quarter, compared to the consensus estimate of $753.85 million. Entegris had a net margin of 9.17% and a return on equity of 12.05%. The company's quarterly revenue was down 2.5% on a year-over-year basis. During the same period last year, the firm earned $0.71 earnings per share. Entegris has set its Q3 2025 guidance at 0.680-0.700 EPS. As a group, sell-side analysts forecast that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Dividend Announcement

The business 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. The ex-dividend date was Wednesday, July 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. Entegris's dividend payout ratio (DPR) is currently 20.62%.

Insider Buying and Selling at Entegris

In related news, SVP Clinton M. Haris sold 3,627 shares of the company's stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $90.00, for a total transaction of $326,430.00. Following the completion of the sale, the senior vice president directly owned 37,743 shares in the company, valued at $3,396,870. This represents a 8.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Susan G. Rice sold 8,858 shares of Entegris stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $79.84, for a total value of $707,222.72. Following the completion of the transaction, the senior vice president 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. Insiders own 0.61% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Needham & Company LLC reiterated a "buy" rating and issued a $100.00 target price on shares of Entegris in a research note on Tuesday, May 20th. Wall Street Zen downgraded shares of Entegris from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. The Goldman Sachs Group initiated coverage on shares of Entegris in a research report on Thursday, July 10th. They issued a "neutral" rating and a $85.00 price objective for the company. Mizuho upped their target price on shares of Entegris from $90.00 to $98.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Finally, KeyCorp reaffirmed an "overweight" rating and set a $103.00 target price (down from $112.00) on shares of Entegris in a research report on Thursday, July 31st. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $106.44.

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).