Northern Trust Corp Grows Stock Holdings in Entegris, Inc. $ENTG

Key Points

• Northern Trust Corp increased its stake in Entegris, Inc. by 29.3% during Q1, now holding approximately 1.04% of the company valued at $137.2 million.
• Entegris reported Q2 earnings of $0.66 per share, surpassing analyst expectations, despite a 2.5% decline in revenue compared to the previous year.
• The company recently declared a quarterly dividend of $0.10 per share, yielding 0.5%, with a payout ratio of 20.62%.

Northern Trust Corp grew its stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 29.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,568,691 shares of the semiconductor company's stock after buying an additional 355,663 shares during the quarter. Northern Trust Corp owned 1.04% of Entegris worth $137,229,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Entegris by 2.3% during the first quarter. Vanguard Group Inc. now owns 15,553,199 shares of the semiconductor company's stock valued at $1,360,594,000 after buying an additional 351,053 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Entegris by 235.8% during the first quarter. Principal Financial Group Inc. now owns 5,014,198 shares of the semiconductor company's stock valued at $438,642,000 after buying an additional 3,520,997 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Entegris by 16.5% during the fourth quarter. Ameriprise Financial Inc. now owns 2,199,161 shares of the semiconductor company's stock valued at $217,850,000 after buying an additional 312,042 shares during the last quarter. Durable Capital Partners LP grew its stake in shares of Entegris by 16.5% during the fourth quarter. Durable Capital Partners LP now owns 2,033,219 shares of the semiconductor company's stock valued at $201,411,000 after buying an additional 288,213 shares during the last quarter. Finally, Snyder Capital Management L P grew its stake in shares of Entegris by 11.8% during the fourth quarter. Snyder Capital Management L P now owns 2,027,672 shares of the semiconductor company's stock valued at $200,861,000 after buying an additional 214,189 shares during the last quarter.

Insider Activity at Entegris

In other Entegris news, SVP Clinton M. Haris sold 3,627 shares of Entegris stock in a transaction that occurred 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 directly owned 37,743 shares of the company's stock, valued at approximately $3,396,870. The trade was a 8.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 transaction of $707,222.72. Following the transaction, the senior vice president 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. Insiders own 0.61% of the company's stock.

Wall Street Analysts Forecast Growth

ENTG has been the topic of a number of recent research reports. Needham & Company LLC reaffirmed a "buy" rating and set a $100.00 price objective on shares of Entegris in a research note on Tuesday, May 20th. Mizuho raised their target price on Entegris from $90.00 to $98.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Citigroup cut their target price on Entegris from $125.00 to $102.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. KeyCorp reissued an "overweight" rating and issued a $103.00 target price (down from $112.00) on shares of Entegris in a research note on Thursday, July 31st. Finally, UBS Group cut their target price on Entegris from $95.00 to $90.00 and set a "neutral" rating on the stock 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $106.44.

Entegris Stock Down 1.6%

Entegris stock traded down $1.41 during trading hours on Wednesday, hitting $84.22. 1,633,142 shares of the stock traded hands, compared to its average volume of 3,292,874. The firm's 50-day moving average price is $82.76 and its two-hundred day moving average price is $84.02. The company has a current ratio of 3.30, a quick ratio of 1.95 and a debt-to-equity ratio of 1.04. The company has a market cap of $12.77 billion, a PE ratio of 43.37 and a beta of 1.22. Entegris, Inc. has a one year low of $60.75 and a one year 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 for the quarter, beating the consensus estimate of $0.65 by $0.01. The business had revenue of $792.40 million for the quarter, compared to analysts' expectations of $753.85 million. Entegris had a return on equity of 12.05% and a net margin of 9.17%.The business's revenue was down 2.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.71 EPS. Entegris has set its Q3 2025 guidance at 0.680-0.700 EPS. On average, research analysts forecast that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Wednesday, July 30th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, July 30th. Entegris's payout ratio 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).