Cresset Asset Management LLC Has $14.14 Million Holdings in Entegris, Inc. $ENTG

Key Points

• Cresset Asset Management LLC acquired an additional 27,651 shares of Entegris, increasing its holdings by 20.6% to a total of 161,662 shares valued at approximately $14.14 million.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Entegris, with an average target price of $106.44.
• Entegris declared a quarterly dividend of $0.10 per share, which represents an annualized yield of 0.5%, and will be paid on August 20th.

Cresset Asset Management LLC boosted its holdings in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 20.6% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 161,662 shares of the semiconductor company's stock after buying an additional 27,651 shares during the period. Cresset Asset Management LLC owned 0.11% of Entegris worth $14,142,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ENTG. Principal Financial Group Inc. lifted its holdings in shares of Entegris by 235.8% in the 1st quarter. Principal Financial Group Inc. now owns 5,014,198 shares of the semiconductor company's stock valued at $438,642,000 after acquiring an additional 3,520,997 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Entegris by 33.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,194,612 shares of the semiconductor company's stock valued at $1,108,940,000 after acquiring an additional 2,826,463 shares in the last quarter. D1 Capital Partners L.P. raised its stake in shares of Entegris by 329.4% during the fourth quarter. D1 Capital Partners L.P. now owns 2,752,902 shares of the semiconductor company's stock valued at $272,702,000 after acquiring an additional 2,111,801 shares in the last quarter. Deutsche Bank AG raised its stake in shares of Entegris by 434.1% during the fourth quarter. Deutsche Bank AG now owns 1,470,162 shares of the semiconductor company's stock valued at $145,634,000 after acquiring an additional 1,194,903 shares in the last quarter. Finally, TPG GP A LLC purchased a new position in Entegris during the fourth quarter valued at approximately $115,639,000.

Insider Buying and Selling at Entegris

In other Entegris news, SVP Clinton M. Haris sold 3,627 shares of the business's stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $90.00, for a total transaction of $326,430.00. Following the completion of the transaction, the senior vice president directly owned 37,743 shares of the company's stock, valued at $3,396,870. The trade was a 8.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Susan G. Rice sold 8,858 shares of the business's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $79.84, for a total transaction of $707,222.72. Following the transaction, the senior vice president directly 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 disclosure for this sale can be found here. Insiders own 0.67% of the company's stock.

Entegris Stock Up 3.4%

Shares of Entegris stock traded up $2.68 during trading on Thursday, hitting $82.09. 2,636,794 shares of the stock were exchanged, compared to its average volume of 3,305,223. 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 has a market cap of $12.44 billion, a price-to-earnings ratio of 42.31 and a beta of 1.22. Entegris, Inc. has a 12-month low of $60.75 and a 12-month high of $119.95. The firm's 50-day moving average price is $82.11 and its 200 day moving average price is $84.67.

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

Entegris Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts recently issued reports on ENTG shares. UBS Group cut their price objective on shares of Entegris from $95.00 to $90.00 and set a "neutral" rating on the stock in a report on Thursday, July 31st. Needham & Company LLC reiterated a "buy" rating and set a $100.00 price objective 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 report on Saturday, August 2nd. Mizuho upped their price objective on shares of Entegris from $90.00 to $98.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Finally, The Goldman Sachs Group assumed coverage on shares of Entegris in a research note on Thursday, July 10th. They issued a "neutral" rating and a $85.00 price target on the stock. Seven 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 stock presently has an average rating of "Moderate Buy" and a consensus target price of $106.44.

About Entegris

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).