Earnest Partners LLC Cuts Holdings in Entegris, Inc. $ENTG

Key Points

• Earnest Partners LLC reduced its holdings in Entegris, Inc. by 10.3%, owning 1,691,720 shares worth approximately $147.99 million after selling 195,007 shares in Q1.
• Several other large investors, including Gabelli Funds LLC and Corebridge Financial Inc., have adjusted their stakes in Entegris, with some increasing their holdings significantly, such as Corebridge's 5,972.8% increase.
• Entegris reported a quarterly earnings per share of $0.66, exceeding expectations and reflecting a 2.5% decline in year-over-year revenue, alongside a quarterly dividend of $0.10 per share.

Earnest Partners LLC trimmed its holdings in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 10.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,691,720 shares of the semiconductor company's stock after selling 195,007 shares during the period. Earnest Partners LLC owned about 1.12% of Entegris worth $147,992,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Gabelli Funds LLC raised its stake in shares of Entegris by 5.9% during the 1st quarter. Gabelli Funds LLC now owns 45,200 shares of the semiconductor company's stock worth $3,954,000 after buying an additional 2,500 shares in the last quarter. RGM Capital LLC increased its stake in Entegris by 11.8% in the 1st quarter. RGM Capital LLC now owns 1,561,949 shares of the semiconductor company's stock valued at $136,639,000 after purchasing an additional 164,700 shares in the last quarter. Findlay Park Partners LLP purchased a new position in Entegris in the 1st quarter valued at approximately $44,877,000. Corebridge Financial Inc. increased its stake in Entegris by 5,972.8% in the 1st quarter. Corebridge Financial Inc. now owns 168,582 shares of the semiconductor company's stock valued at $14,748,000 after purchasing an additional 165,806 shares in the last quarter. Finally, Comerica Bank increased its stake in Entegris by 451.1% in the 1st quarter. Comerica Bank now owns 89,959 shares of the semiconductor company's stock valued at $7,870,000 after purchasing an additional 73,636 shares in the last quarter.

Insider Buying and Selling at Entegris

In other news, SVP Clinton M. Haris sold 3,627 shares of the firm'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 sale, the senior vice president owned 37,743 shares in the company, valued at $3,396,870. This trade represents a 8.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Susan G. Rice sold 8,858 shares of the firm's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $79.84, for a total value of $707,222.72. Following the sale, 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. 0.61% of the stock is owned by company insiders.

Entegris Stock Performance

Entegris stock opened at $85.63 on Wednesday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.95 and a current ratio of 3.30. The stock has a fifty day moving average of $82.76 and a two-hundred day moving average of $84.02. The company has a market capitalization of $12.98 billion, a price-to-earnings ratio of 44.14 and a beta of 1.22. Entegris, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $117.88.

Entegris (NASDAQ:ENTG - Get Free Report) last posted 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. Entegris had a return on equity of 12.05% and a net margin of 9.17%.The business had revenue of $792.40 million for the quarter, compared to analysts' expectations of $753.85 million. During the same quarter last year, the firm earned $0.71 earnings per share. The business's revenue was down 2.5% on a year-over-year basis. Entegris has set its Q3 2025 guidance at 0.680-0.700 EPS. On average, analysts anticipate that Entegris, Inc. will post 3.51 EPS for the current fiscal 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 issued 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 dividend payout ratio (DPR) is 20.62%.

Analyst Ratings Changes

ENTG has been the subject of several research analyst reports. Citigroup dropped their price objective on Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. The Goldman Sachs Group initiated coverage on Entegris in a research note on Thursday, July 10th. They issued a "neutral" rating and a $85.00 price objective for the company. UBS Group dropped their price objective on Entegris from $95.00 to $90.00 and set a "neutral" rating for the company in a research note on Thursday, July 31st. Mizuho raised their price objective on Entegris from $90.00 to $98.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Finally, Wall Street Zen downgraded Entegris from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target 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).

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