Channing Capital Management LLC Grows Position in Entegris, Inc. $ENTG

Key Points

• Channing Capital Management LLC increased its stake in Entegris, Inc. by 11%, acquiring a total of 89,392 shares, valued at approximately $7.82 million at the end of Q1.
• Recent transactional activities included significant insider selling, with SVP Clinton M. Haris selling 3,627 shares and SVP Susan G. Rice selling 8,858 shares, indicating an 8.77% and 13.47% decrease in their respective holdings.
• Entegris reported a quarterly EPS of $0.66, surpassing estimates, although its revenue experienced a year-over-year decline of 2.5%, amounting to $792.4 million.

Channing Capital Management LLC boosted its holdings in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 11.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 89,392 shares of the semiconductor company's stock after purchasing an additional 8,874 shares during the quarter. Channing Capital Management LLC owned about 0.06% of Entegris worth $7,820,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Costello Asset Management INC purchased a new stake in shares of Entegris during the first quarter valued at approximately $26,000. Central Pacific Bank Trust Division boosted its holdings in Entegris by 125.7% in 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 during the last quarter. Quarry LP purchased a new stake in Entegris in the fourth quarter worth approximately $28,000. Neo Ivy Capital Management purchased a new stake in Entegris in the fourth quarter worth approximately $34,000. Finally, Summit Securities Group LLC purchased a new stake in Entegris in the first quarter worth approximately $36,000.

Insiders Place Their Bets

In other Entegris news, SVP Clinton M. Haris sold 3,627 shares of Entegris stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $90.00, for a total value 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. This trade represents a 8.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Susan G. Rice sold 8,858 shares of Entegris stock in a transaction 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 completion of 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. Company insiders own 0.67% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ENTG. Wall Street Zen cut shares of Entegris from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. The Goldman Sachs Group began coverage on shares of Entegris in a research note on Thursday, July 10th. They set a "neutral" rating and a $85.00 price target on the stock. Needham & Company LLC reiterated a "buy" rating and set a $100.00 price target on shares of Entegris in a research note on Tuesday, May 20th. UBS Group dropped their price target on shares of Entegris from $95.00 to $90.00 and set a "neutral" rating on the stock in a research note on Thursday, July 31st. Finally, KeyCorp reiterated an "overweight" rating and set a $103.00 price target (down previously from $112.00) on shares of Entegris in a research note on Thursday, July 31st. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $106.44.

Entegris Price Performance

NASDAQ ENTG traded up $5.67 on Friday, reaching $87.76. The company had a trading volume of 3,684,183 shares, compared to its average volume of 3,245,893. The company has a quick ratio of 1.95, a current ratio of 3.30 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $13.30 billion, a PE ratio of 45.24 and a beta of 1.22. The firm's 50 day moving average price is $82.41 and its 200 day moving average price is $84.33. Entegris, Inc. has a 12 month low of $60.75 and a 12 month high of $119.95.

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

Entegris Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Wednesday, July 30th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, July 30th. Entegris's dividend payout ratio (DPR) is presently 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).