Entegris, Inc. $ENTG Shares Sold by National Bank of Canada FI

Key Points

• National Bank of Canada FI significantly reduced its position in Entegris, Inc., selling 489,333 shares and retaining only 1,447 shares, marking a 99.7% decrease.
• Several institutional investors, including Principal Financial Group Inc. and Deutsche Bank AG, increased their holdings in Entegris during the first quarter, with Principal Financial Group raising its stake by 235.8%.
• Entegris announced a quarterly dividend of $0.10 per share, with a current dividend yield of 0.5%, scheduled to be paid on August 20th.

National Bank of Canada FI cut its holdings in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 99.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,447 shares of the semiconductor company's stock after selling 489,333 shares during the quarter. National Bank of Canada FI's holdings in Entegris were worth $127,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of ENTG. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Entegris by 14.1% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 128,330 shares of the semiconductor company's stock valued at $11,226,000 after acquiring an additional 15,900 shares in the last quarter. CenterBook Partners LP lifted its position in shares of Entegris by 72.7% during the 1st quarter. CenterBook Partners LP now owns 33,453 shares of the semiconductor company's stock valued at $2,926,000 after buying an additional 14,084 shares in the last quarter. Headlands Technologies LLC acquired a new position in Entegris in the 1st quarter valued at $2,461,000. Charles Schwab Investment Management Inc. raised its stake in Entegris by 3.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,123,961 shares of the semiconductor company's stock valued at $98,324,000 after purchasing an additional 33,148 shares during the last quarter. Finally, ASR Vermogensbeheer N.V. acquired a new position in Entegris in the 1st quarter valued at $560,000.

Insiders Place Their Bets

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

Analyst Ratings Changes

ENTG has been the subject of a number of recent research reports. KeyCorp reaffirmed 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. Needham & Company LLC reaffirmed a "buy" rating and issued a $100.00 target price on shares of Entegris in a research note on Tuesday, May 20th. Wall Street Zen downgraded Entegris from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. 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. Finally, Mizuho upped their price target on Entegris from $90.00 to $98.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $106.44.

Entegris Stock Performance

Shares of NASDAQ:ENTG traded up $6.0830 during trading on Friday, reaching $88.1730. The company had a trading volume of 2,014,525 shares, compared to its average volume of 3,296,093. The firm has a market capitalization of $13.37 billion, a price-to-earnings ratio of 45.45 and a beta of 1.22. The company has a debt-to-equity ratio of 1.04, a current ratio of 3.30 and a quick ratio of 1.95. The stock's fifty day moving average price is $82.16 and its 200 day moving average price is $84.55. Entegris, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $119.95.

Entegris (NASDAQ:ENTG - Get Free Report) last released its 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 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 analyst estimates of $753.85 million. During the same quarter in the previous year, the company posted $0.71 earnings per share. The company'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 research analysts predict that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Wednesday, July 30th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, July 30th. Entegris's dividend payout ratio is currently 20.62%.

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).