Entegris, Inc. $ENTG Shares Acquired by Harber Asset Management LLC

Key Points

• Harber Asset Management LLC increased its stake in Entegris, Inc. by 91.7%, owning 133,441 shares after purchasing 63,841 additional shares, making it the 9th largest position in their portfolio.
• Entegris reported $0.66 EPS for the recent quarter, surpassing analysts' estimates, and recorded a revenue of $792.4 million, despite a 2.5% year-over-year decline.
• The company declared a quarterly dividend of $0.10 per share, representing an annual yield of 0.5% with a payout ratio of 20.62%.

Harber Asset Management LLC raised its stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 91.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 133,441 shares of the semiconductor company's stock after acquiring an additional 63,841 shares during the quarter. Entegris makes up 4.2% of Harber Asset Management LLC's portfolio, making the stock its 9th biggest position. Harber Asset Management LLC owned 0.09% of Entegris worth $11,673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Quarry LP bought a new position in Entegris during the 4th quarter valued at $28,000. Costello Asset Management INC bought a new position in Entegris during the 1st quarter valued at $26,000. Central Pacific Bank Trust Division boosted its stake in Entegris by 125.7% during the 1st quarter. Central Pacific Bank Trust Division now owns 307 shares of the semiconductor company's stock valued at $27,000 after acquiring an additional 171 shares during the last quarter. Neo Ivy Capital Management bought a new position in Entegris during the 4th quarter valued at $34,000. Finally, Summit Securities Group LLC bought a new position in Entegris during the 1st quarter valued at $36,000.

Entegris Price Performance

Shares of ENTG traded down $0.85 during mid-day trading on Thursday, hitting $78.64. The company's stock had a trading volume of 675,353 shares, compared to its average volume of 3,272,555. The firm has a 50-day moving average price of $83.34 and a 200 day moving average price of $83.17. The stock has a market capitalization of $11.92 billion, a price-to-earnings ratio of 40.42 and a beta of 1.29. The company has a debt-to-equity ratio of 1.04, a current ratio of 3.30 and a quick ratio of 1.95. 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 released its earnings results on Wednesday, July 30th. The semiconductor company reported $0.66 earnings per share 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 the consensus estimate of $753.85 million. Entegris had a net margin of 9.17% and a return on equity of 12.05%. The firm's quarterly revenue was down 2.5% compared to the same quarter last year. During the same period last year, the firm posted $0.71 earnings per share. Entegris has set its Q3 2025 guidance at 0.680-0.700 EPS. On average, research analysts predict that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Investors 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 dividend on an annualized basis and a yield of 0.5%. Entegris's payout ratio is presently 20.62%.

Analyst Upgrades and Downgrades

ENTG has been the topic of several recent research reports. Needham & Company LLC reiterated a "buy" rating and issued a $100.00 price objective on shares of Entegris in a research report on Tuesday, May 20th. KeyCorp restated an "overweight" rating and set a $103.00 price target (down from $112.00) on shares of Entegris in a research report on Thursday, July 31st. Mizuho boosted their price target 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. Oppenheimer began coverage on shares of Entegris in a research report on Thursday. They set a "market perform" rating and a $95.00 price target on the stock. Finally, Citigroup dropped their price target on shares of Entegris from $125.00 to $102.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $105.30.

Insider Buying and Selling

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

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).