Entegris, Inc. $ENTG Shares Acquired by AdvisorNet Financial Inc

Key Points

• AdvisorNet Financial Inc significantly increased its stake in Entegris, Inc. by 3,869.8%, owning 5,002 shares worth $403,000 after acquiring an additional 4,876 shares in the second quarter.
• Entegris reported $0.66 EPS for the last quarter, surpassing analysts' expectations of $0.65 EPS, with a revenue of $792.40 million compared to expected $753.85 million.
• The company declared a quarterly dividend of $0.10 per share, resulting in a 0.4% dividend yield and a payout ratio of 20.62%.

AdvisorNet Financial Inc boosted its stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 3,869.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,002 shares of the semiconductor company's stock after purchasing an additional 4,876 shares during the period. AdvisorNet Financial Inc's holdings in Entegris were worth $403,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Costello Asset Management INC acquired a new position in shares of Entegris during the first quarter worth about $26,000. Rise Advisors LLC acquired a new position in shares of Entegris during the first quarter worth about $26,000. Central Pacific Bank Trust Division lifted its stake in shares of Entegris by 125.7% during the first quarter. Central Pacific Bank Trust Division now owns 307 shares of the semiconductor company's stock worth $27,000 after purchasing an additional 171 shares in the last quarter. Summit Securities Group LLC acquired a new position in shares of Entegris during the first quarter worth about $36,000. Finally, Curat Global LLC acquired a new position in shares of Entegris during the first quarter worth about $39,000.

Entegris Stock Performance

Shares of ENTG stock opened at $93.49 on Thursday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.95 and a current ratio of 3.30. Entegris, Inc. has a one year low of $60.75 and a one year high of $117.88. The company's 50-day simple moving average is $84.18 and its 200-day simple moving average is $81.68. The stock has a market capitalization of $14.17 billion, a price-to-earnings ratio of 48.19 and a beta of 1.29.

Entegris (NASDAQ:ENTG - Get Free Report) last issued 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. Entegris had a net margin of 9.17% and a return on equity of 12.05%. 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 company posted $0.71 earnings per share. The company's quarterly revenue was down 2.5% compared to the same quarter last year. Entegris has set its Q3 2025 guidance at 0.680-0.700 EPS. Equities analysts anticipate that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The business also recently declared 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 of this dividend was Wednesday, July 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. Entegris's dividend payout ratio (DPR) is presently 20.62%.

Insider Activity

In other news, SVP Clinton M. Haris sold 3,627 shares of the 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 transaction, the senior vice president owned 37,743 shares of the company's stock, valued at approximately $3,396,870. This trade represents a 8.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Susan G. Rice sold 8,858 shares of the stock in a transaction dated Wednesday, August 13th. The stock was 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 in the company, valued at $4,543,854.08. The trade was a 13.47% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ENTG. KeyCorp restated an "overweight" rating and set a $103.00 price objective (down previously from $112.00) on shares of Entegris in a research note on Thursday, July 31st. UBS Group decreased their price objective on shares of Entegris from $95.00 to $90.00 and set a "neutral" rating for the company in a research report on Thursday, July 31st. Wall Street Zen cut 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 company an "outperform" rating in a research report on Tuesday, July 15th. Finally, Oppenheimer started coverage on shares of Entegris in a research report on Thursday, September 4th. They issued a "market perform" rating and a $95.00 price objective for the company. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, Entegris presently has an average rating of "Moderate Buy" and a consensus price target of $105.30.

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).

Want to see what other hedge funds are holding ENTG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Entegris, Inc. (NASDAQ:ENTG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.