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Curated Wealth Partners LLC Sells 24,810 Shares of Entegris, Inc. $ENTG

Entegris logo with Technology background
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Key Points

Curated Wealth Partners LLC lessened its stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 95.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,312 shares of the semiconductor company's stock after selling 24,810 shares during the period. Curated Wealth Partners LLC's holdings in Entegris were worth $202,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ENTG. ZWJ Investment Counsel Inc. boosted its holdings in Entegris by 4.9% during the third quarter. ZWJ Investment Counsel Inc. now owns 2,636 shares of the semiconductor company's stock worth $406,000 after buying an additional 123 shares in the last quarter. Mather Group LLC. increased its holdings in Entegris by 69.4% in the third quarter. Mather Group LLC. now owns 1,001 shares of the semiconductor company's stock valued at $154,000 after buying an additional 410 shares in the last quarter. Fortitude Family Office LLC increased its holdings in Entegris by 25.9% in the third quarter. Fortitude Family Office LLC now owns 511 shares of the semiconductor company's stock valued at $79,000 after buying an additional 105 shares in the last quarter. Generate Investment Management Ltd purchased a new position in Entegris in the third quarter valued at $16,893,000. Finally, Salem Investment Counselors Inc. raised its position in shares of Entegris by 4.2% in the third quarter. Salem Investment Counselors Inc. now owns 80,804 shares of the semiconductor company's stock worth $12,449,000 after acquiring an additional 3,250 shares during the period.

Insider Activity

In other news, SVP Susan Rice sold 2,062 shares of Entegris stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $149.52, for a total value of $308,310.24. Following the sale, the senior vice president owned 66,976 shares in the company, valued at $10,014,251.52. This trade represents a 2.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Olivier Blachier sold 2,000 shares of the business's stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $160.66, for a total transaction of $321,320.00. Following the sale, the insider directly owned 34,997 shares of the company's stock, valued at $5,622,618.02. This represents a 5.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 7,978 shares of company stock worth $1,273,734 over the last 90 days. 0.53% of the stock is currently owned by company insiders.

Entegris Stock Performance

Shares of NASDAQ:ENTG opened at $138.74 on Monday. The business's 50 day moving average price is $147.53 and its 200-day moving average price is $143.76. Entegris, Inc. has a 1 year low of $67.97 and a 1 year high of $186.94. The firm has a market capitalization of $21.16 billion, a price-to-earnings ratio of 69.72, a price-to-earnings-growth ratio of 1.27 and a beta of 1.40. The company has a debt-to-equity ratio of 0.83, a current ratio of 3.05 and a quick ratio of 1.85.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The semiconductor company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.82 by $0.11. The company had revenue of $883.20 million during 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 revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.66 EPS. Entegris has set its Q3 2026 guidance at 0.960-1.040 EPS. On average, equities research analysts forecast that Entegris, Inc. will post 3.93 earnings per share for the current fiscal year.

Entegris Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 18th. Shareholders of record on Wednesday, October 28th will be issued 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 is Wednesday, October 28th. Entegris's dividend payout ratio (DPR) is presently 20.10%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ENTG shares. Truist Financial started coverage on shares of Entegris in a research note on Wednesday, October 14th. They set a "buy" rating and a $190.00 target price on the stock. Barclays started coverage on Entegris in a research report on Monday, October 12th. They set an "overweight" rating and a $212.00 target price on the stock. Zacks Research lowered Entegris from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, October 7th. Wall Street Zen lowered Entegris from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 8th. Finally, Needham & Company LLC upped their price target on Entegris from $165.00 to $170.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $178.33.

Get Our Latest Research Report on ENTG

Entegris Profile

(Free Report)

Entegris, Inc is a materials science and process technology company that supplies products and solutions used in the manufacture of semiconductors and other advanced technology products. Its offerings help chipmakers manage contamination, handle sensitive materials, and improve process control across the semiconductor production cycle.

The company's products include specialty chemicals and gases, filtration and purification systems, wafer and substrate handling products, fluid-management components, and advanced materials used in semiconductor fabrication.

Further Reading

Institutional Ownership by Quarter for Entegris (NASDAQ:ENTG)

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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