Entegris, Inc. $ENTG Stock Position Reduced by TD Asset Management Inc

Key Points

• TD Asset Management cut its Entegris position by 11.4% in the fourth quarter, selling 31,701 shares and ending with 246,240 shares valued at about $20.7 million.
• Several other institutional investors adjusted their holdings, while company insiders also sold stock; notable sales included SVP Joseph Colella and insider Bertrand Loy, with insiders selling 107,867 shares in the last quarter.
• Analysts remain cautiously positive on ENTG, with a Moderate Buy consensus and average price target of $154.33, while Entegris recently beat earnings expectations and maintained a quarterly dividend of $0.10 per share.

TD Asset Management Inc lessened its position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 11.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 246,240 shares of the semiconductor company's stock after selling 31,701 shares during the period. TD Asset Management Inc owned about 0.16% of Entegris worth $20,746,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Freedom Financial Partners LLC raised its position in shares of Entegris by 105.8% during the 4th quarter. Freedom Financial Partners LLC now owns 34,051 shares of the semiconductor company's stock worth $2,869,000 after purchasing an additional 17,509 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Entegris by 13.2% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 145,771 shares of the semiconductor company's stock worth $13,478,000 after purchasing an additional 17,043 shares during the period. Dream Peak Capital Ltd acquired a new stake in shares of Entegris during the 4th quarter worth approximately $27,025,000. Envestnet Asset Management Inc. raised its position in shares of Entegris by 13.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 942,533 shares of the semiconductor company's stock worth $87,147,000 after purchasing an additional 108,927 shares during the period. Finally, WINTON GROUP Ltd acquired a new stake in shares of Entegris during the 3rd quarter worth approximately $17,909,000.

Insider Activity at Entegris

In other news, SVP Joseph Colella sold 6,326 shares of Entegris stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $140.17, for a total transaction of $886,715.42. Following the transaction, the senior vice president directly owned 50,121 shares in the company, valued at approximately $7,025,460.57. This trade represents a 11.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bertrand Loy sold 44,138 shares of Entegris stock in a transaction on Friday, April 17th. The shares were sold at an average price of $144.41, for a total value of $6,373,968.58. Following the transaction, the insider owned 227,527 shares in the company, valued at approximately $32,857,174.07. This trade represents a 16.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 107,867 shares of company stock worth $15,215,629 in the last quarter. Company insiders own 0.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on ENTG shares. Needham & Company LLC increased their price target on Entegris from $150.00 to $165.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. Wall Street Zen cut Entegris from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 30th. Citigroup reiterated a "buy" rating on shares of Entegris in a research report on Thursday, April 30th. KeyCorp raised their target price on Entegris from $111.00 to $156.00 and gave the company an "overweight" rating in a research report on Wednesday, February 11th. Finally, Oppenheimer restated an "outperform" rating and issued a $160.00 target price on shares of Entegris in a research report on Friday, May 1st. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Entegris has a consensus rating of "Moderate Buy" and a consensus target price of $154.33.

Entegris Price Performance

ENTG opened at $125.41 on Monday. Entegris, Inc. has a 12 month low of $67.97 and a 12 month high of $159.15. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.21 and a quick ratio of 2.05. The stock has a market cap of $19.13 billion, a P/E ratio of 72.49, a P/E/G ratio of 1.56 and a beta of 1.37. The stock's 50 day moving average price is $136.25 and its 200 day moving average price is $116.66.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its earnings results on Thursday, April 30th. The semiconductor company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.75 by $0.11. Entegris had a return on equity of 11.45% and a net margin of 8.18%.The firm had revenue of $811.90 million for the quarter, compared to analysts' expectations of $808.72 million. During the same period last year, the firm earned $0.67 EPS. The firm's revenue was up 5.0% compared to the same quarter last year. Entegris has set its Q2 2026 guidance at 0.760-0.840 EPS. As a group, research analysts predict that Entegris, Inc. will post 3.6 earnings per share for the current year.

Entegris Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Wednesday, April 29th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.3%. The ex-dividend date was Wednesday, April 29th. Entegris's dividend payout ratio (DPR) is currently 23.12%.

Entegris Company Profile

Entegris, Inc is a leading provider of advanced materials and process control solutions for the semiconductor and other high-technology industries. The company develops and supplies a broad portfolio of products designed to ensure purity and reliability throughout the manufacturing process, helping customers address critical contamination and yield challenges.

Entegris's product offerings include high-purity chemicals and specialty materials, liquid and gas filtration and purification systems, and sophisticated wafer and chip handling solutions.

Want to see what other hedge funds are holding ENTG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Entegris, Inc. (NASDAQ:ENTG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.