Continuum Advisory LLC Takes Position in Entegris, Inc. $ENTG

Key Points

• Continuum Advisory LLC initiated a position in Entegris during the second quarter, purchasing 10,383 shares valued at approximately $1.87 million. Several other institutional investors also increased or initiated stakes.
• Analysts maintain a broadly positive outlook, with Entegris receiving a consensus “Buy” rating and an average price target of $170.89. UBS and Deutsche Bank recently raised their targets to $215 and $200, respectively.
• Entegris exceeded quarterly earnings and revenue expectations, reporting $0.93 in EPS and $883.2 million in revenue, while revenue rose 11.5% year over year. The company also declared a quarterly dividend of $0.10 per share.

Continuum Advisory LLC bought a new stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 10,383 shares of the semiconductor company's stock, valued at approximately $1,867,000.

Other institutional investors have also added to or reduced their stakes in the company. Millstone Evans Group LLC lifted its position in shares of Entegris by 191.3% in the 1st 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. Ancora Advisors LLC bought a new stake in shares of Entegris during the second quarter valued at approximately $31,000. Transamerica Financial Advisors LLC bought a new stake in shares of Entegris during the second quarter valued at approximately $32,000. Johnson Financial Group Inc. increased its position in shares of Entegris by 147.5% during the fourth quarter. Johnson Financial Group Inc. now owns 396 shares of the semiconductor company's stock valued at $33,000 after purchasing an additional 236 shares during the period. Finally, First Horizon Corp raised its stake in shares of Entegris by 147.1% in the first quarter. First Horizon Corp now owns 299 shares of the semiconductor company's stock valued at $35,000 after purchasing an additional 178 shares in the last quarter.

Insider Transactions at Entegris

In related news, SVP Joseph Colella sold 3,916 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was 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 in the company, valued at $8,272,850.56. This represents a 7.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Susan G. Rice sold 2,062 shares of Entegris stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $149.52, for a total value of $308,310.24. Following the completion of the transaction, the senior vice president owned 66,976 shares of the company's stock, valued at approximately $10,014,251.52. The trade was a 2.99% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 7,978 shares of company stock valued at $1,273,734. Corporate insiders own 0.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ENTG. UBS Group raised their target price on Entegris from $205.00 to $215.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft raised shares of Entegris from a "hold" rating to a "buy" rating and boosted their price target for the company from $152.00 to $200.00 in a report on Wednesday, August 12th. Wall Street Zen cut shares of Entegris from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 8th. Needham & Company LLC raised their price objective on shares of Entegris from $165.00 to $170.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Entegris in a research report on Monday, August 3rd. 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 company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $170.89.

Entegris Stock Down 0.5%

Shares of NASDAQ ENTG opened at $130.70 on Friday. The stock has a market cap of $19.93 billion, a PE ratio of 65.68, a PEG ratio of 1.21 and a beta of 1.37. The business has a fifty day moving average of $141.95 and a two-hundred day moving average of $137.99. Entegris, Inc. has a 52-week low of $67.97 and a 52-week 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.

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, topping the consensus estimate of $0.82 by $0.11. The business 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%. The firm's quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.66 EPS. Entegris has set its Q3 2026 guidance at 0.960-1.040 EPS. As a group, equities research analysts expect that Entegris, Inc. will post 3.91 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Shareholders of record on Wednesday, July 29th were paid a dividend of $0.10 per share. 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%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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