Entegris, Inc. $ENTG Stock Position Trimmed by Twin Tree Management LP

Key Points

• Twin Tree Management LP significantly reduced its stake in Entegris, Inc. by 85.1%, leaving them with just 6,072 shares valued at approximately $531,000.
• Analysts are mixed on the stock, with price targets ranging from $90.00 to $106.44, while it holds an average rating of "Moderate Buy".
• Entegris reported earnings of $0.66 EPS for the last quarter, exceeding expectations and setting Q3 guidance between $0.680-0.700 EPS.

Twin Tree Management LP cut its position in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 85.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,072 shares of the semiconductor company's stock after selling 34,677 shares during the quarter. Twin Tree Management LP's holdings in Entegris were worth $531,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Mackenzie Financial Corp lifted its position in Entegris by 61.4% in the 1st quarter. Mackenzie Financial Corp now owns 8,891 shares of the semiconductor company's stock valued at $778,000 after purchasing an additional 3,382 shares during the last quarter. Compass Wealth Management LLC bought a new stake in Entegris in the 1st quarter valued at about $1,614,000. Sequoia Financial Advisors LLC lifted its position in Entegris by 11.5% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,767 shares of the semiconductor company's stock valued at $242,000 after purchasing an additional 285 shares during the last quarter. Sarasin & Partners LLP bought a new stake in Entegris in the 1st quarter valued at about $1,544,000. Finally, New York State Teachers Retirement System bought a new stake in Entegris in the 1st quarter valued at about $4,870,000.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. KeyCorp reiterated an "overweight" rating and issued a $103.00 price objective (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. 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. Needham & Company LLC restated a "buy" rating and set a $100.00 price target on shares of Entegris in a research report on Tuesday, May 20th. Finally, UBS Group dropped their price target on shares of Entegris from $95.00 to $90.00 and set a "neutral" rating on the stock in a research report on Thursday, July 31st. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $106.44.

Entegris Stock Down 0.1%

NASDAQ ENTG opened at $83.74 on Tuesday. 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 company's 50 day simple moving average is $83.39 and its 200 day simple moving average is $83.20. Entegris, Inc. has a 12 month low of $60.75 and a 12 month high of $117.88. The company has a market capitalization of $12.69 billion, a P/E ratio of 43.16 and a beta of 1.29.

Entegris (NASDAQ:ENTG - Get Free Report) last released its earnings results on Wednesday, July 30th. The semiconductor company reported $0.66 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.01. Entegris had a net margin of 9.17% and a return on equity of 12.05%. The business had revenue of $792.40 million for the quarter, compared to the consensus estimate of $753.85 million. During the same period in the previous year, the firm earned $0.71 EPS. The business's revenue for the quarter was down 2.5% on a year-over-year basis. Entegris has set its Q3 2025 guidance at 0.680-0.700 EPS. Equities research analysts expect that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Dividend Announcement

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

Insider Buying and Selling

In other 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 transaction, the senior vice president directly owned 56,912 shares of the company's stock, valued at $4,543,854.08. This trade represents a 13.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 completion of the transaction, the senior vice president directly owned 37,743 shares in the company, valued at approximately $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.

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).

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