Entegris, Inc. $ENTG Stock Position Cut by Sumitomo Mitsui DS Asset Management Company Ltd

Key Points

• Sumitomo Mitsui DS Asset Management Company Ltd reduced its stake in Entegris, Inc. by 36.5%, selling 7,385 shares to end up with 12,850 shares valued at approximately $1,036,000.
• Entegris reported $0.66 EPS for the last quarter, exceeding estimates, and achieved revenue of $792.40 million, down 2.5% from the previous year.
• The company declared a quarterly dividend of $0.10, marking a 0.4% annual yield, with a dividend payout ratio of 20.62% based on recent earnings.

Sumitomo Mitsui DS Asset Management Company Ltd lessened its stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 36.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,850 shares of the semiconductor company's stock after selling 7,385 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Entegris were worth $1,036,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Gateway Investment Advisers LLC lifted its holdings in Entegris by 7.4% in the 2nd quarter. Gateway Investment Advisers LLC now owns 18,883 shares of the semiconductor company's stock valued at $1,523,000 after acquiring an additional 1,308 shares during the last quarter. Swedbank AB lifted its holdings in Entegris by 2.1% in the 1st quarter. Swedbank AB now owns 1,583,657 shares of the semiconductor company's stock valued at $138,538,000 after acquiring an additional 32,715 shares during the last quarter. First Hawaiian Bank lifted its holdings in Entegris by 0.9% in the 1st quarter. First Hawaiian Bank now owns 15,786 shares of the semiconductor company's stock valued at $1,381,000 after acquiring an additional 143 shares during the last quarter. Inspire Investing LLC lifted its holdings in Entegris by 18.5% in the 1st quarter. Inspire Investing LLC now owns 19,227 shares of the semiconductor company's stock valued at $1,682,000 after acquiring an additional 2,998 shares during the last quarter. Finally, Strs Ohio acquired a new stake in Entegris in the 1st quarter valued at about $5,422,000.

Entegris Trading Up 2.7%

Shares of ENTG stock opened at $95.81 on Tuesday. Entegris, Inc. has a 12 month low of $60.75 and a 12 month high of $117.88. 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 business's 50 day moving average is $83.89 and its two-hundred day moving average is $81.50. The company has a market cap of $14.52 billion, a PE ratio of 49.39 and a beta of 1.29.

Entegris (NASDAQ:ENTG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.65 by $0.01. Entegris had a return on equity of 12.05% and a net margin of 9.17%.The company had revenue of $792.40 million for the quarter, compared to the consensus estimate of $753.85 million. During the same quarter last 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. Equities analysts predict that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Wednesday, July 30th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, July 30th. Entegris's dividend payout ratio (DPR) is 20.62%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. KeyCorp reaffirmed an "overweight" rating and set a $103.00 price objective (down from $112.00) on shares of Entegris in a research note on Thursday, July 31st. Wall Street Zen lowered shares of Entegris from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. The Goldman Sachs Group assumed coverage on shares of Entegris in a research note on Thursday, July 10th. They set a "neutral" rating and a $85.00 price objective for the company. UBS Group reduced their price objective on shares of Entegris from $95.00 to $90.00 and set a "neutral" rating for the company in a research note on Thursday, July 31st. Finally, 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 note on Tuesday, July 15th. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $105.30.

Insider Buying and Selling at Entegris

In other Entegris news, SVP Clinton M. Haris sold 3,627 shares of Entegris stock in a transaction 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 completion of the transaction, the senior vice president directly 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Susan G. Rice sold 8,858 shares of the firm's stock in a transaction 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 owned 56,912 shares of the company's stock, valued at approximately $4,543,854.08. This trade represents a 13.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.61% of the stock is owned by company 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).

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