Entegris, Inc. $ENTG Position Raised by Corebridge Financial Inc.

Key Points

• Corebridge Financial Inc. increased its stake in Entegris, Inc. by 5,972.8% during Q1, acquiring an additional 165,806 shares to own a total of 168,582 shares valued at approximately $14.7 million.
• Several institutional investors have also significantly increased their holdings in Entegris, with Principal Financial Group Inc. growing its stake by 235.8% during the same period.
• Entegris recently announced a quarterly dividend of $0.10 per share, representing an annual yield of 0.5%, alongside reporting Q2 earnings that exceeded analyst expectations.

Corebridge Financial Inc. increased its position in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 5,972.8% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 168,582 shares of the semiconductor company's stock after purchasing an additional 165,806 shares during the period. Corebridge Financial Inc. owned 0.11% of Entegris worth $14,748,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of ENTG. NewEdge Advisors LLC grew its stake in Entegris by 5.5% in the fourth quarter. NewEdge Advisors LLC now owns 5,598 shares of the semiconductor company's stock worth $554,000 after purchasing an additional 291 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Entegris by 19.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 931,907 shares of the semiconductor company's stock worth $92,321,000 after purchasing an additional 153,372 shares in the last quarter. Hsbc Holdings PLC grew its stake in Entegris by 146.7% in the fourth quarter. Hsbc Holdings PLC now owns 91,985 shares of the semiconductor company's stock worth $9,096,000 after purchasing an additional 54,703 shares in the last quarter. Quarry LP acquired a new position in Entegris in the fourth quarter worth about $28,000. Finally, Northern Trust Corp grew its stake in Entegris by 17.1% in the fourth quarter. Northern Trust Corp now owns 1,213,028 shares of the semiconductor company's stock worth $120,163,000 after purchasing an additional 177,250 shares in the last quarter.

Insider Activity at Entegris

In related news, SVP Susan G. Rice sold 8,858 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $79.84, for a total transaction of $707,222.72. Following the sale, the senior vice president owned 56,912 shares of the company's stock, valued at $4,543,854.08. The trade was a 13.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Clinton M. Haris sold 3,627 shares of the business's stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $90.00, for a total value of $326,430.00. Following the sale, 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 position. The disclosure for this sale can be found here. Insiders own 0.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ENTG. Citigroup decreased their price target on Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. UBS Group decreased their price target on Entegris from $95.00 to $90.00 and set a "neutral" rating for the company in a research note on Thursday, July 31st. Wall Street Zen downgraded Entegris from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Needham & Company LLC restated a "buy" rating and issued a $100.00 target price on shares of Entegris in a research note on Tuesday, May 20th. Finally, Mizuho lifted their target price on Entegris from $90.00 to $98.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Entegris presently has an average rating of "Moderate Buy" and an average price target of $106.44.

Entegris Stock Performance

Shares of NASDAQ ENTG traded down $0.14 during midday trading on Thursday, hitting $83.86. 4,019,582 shares of the company's stock were exchanged, compared to its average volume of 2,914,909. 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 stock's 50 day moving average price is $83.07 and its 200-day moving average price is $83.86. The firm has a market cap of $12.71 billion, a P/E ratio of 43.23 and a beta of 1.22. Entegris, Inc. has a twelve month low of $60.75 and a twelve month high of $117.88.

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

Entegris Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Wednesday, July 30th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, July 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. Entegris's payout ratio is currently 20.62%.

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).