Fifth Third Bancorp Purchases 7,800 Shares of Entegris, Inc. $ENTG

Key Points

• Fifth Third Bancorp increased its stake in Entegris, Inc. by 57.6% during the second quarter, owning 21,338 shares valued at approximately $1.72 million.
• Despite recent upgrades and downgrades from analysts, Entegris currently has an average rating of "Moderate Buy" with a price target of $105.30.
• Entegris reported a revenue of $792.40 million for the last quarter, exceeding expectations, though it experienced a 2.5% decline in revenue year-over-year.

Fifth Third Bancorp grew its position in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 57.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,338 shares of the semiconductor company's stock after purchasing an additional 7,800 shares during the quarter. Fifth Third Bancorp's holdings in Entegris were worth $1,721,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in ENTG. Personal CFO Solutions LLC boosted its stake in Entegris by 6.0% in the 1st quarter. Personal CFO Solutions LLC now owns 2,466 shares of the semiconductor company's stock valued at $216,000 after purchasing an additional 140 shares during the period. MAI Capital Management boosted its position in shares of Entegris by 19.7% in the first quarter. MAI Capital Management now owns 864 shares of the semiconductor company's stock valued at $76,000 after acquiring an additional 142 shares during the period. First Hawaiian Bank grew its stake in shares of Entegris by 0.9% in the first 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 in the last quarter. Landscape Capital Management L.L.C. increased its position in Entegris by 7.5% during the first quarter. Landscape Capital Management L.L.C. now owns 2,345 shares of the semiconductor company's stock worth $205,000 after acquiring an additional 164 shares during the period. Finally, Evexia Wealth LLC raised its stake in Entegris by 6.3% in the 1st quarter. Evexia Wealth LLC now owns 2,798 shares of the semiconductor company's stock worth $245,000 after purchasing an additional 166 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ENTG shares. The Goldman Sachs Group started coverage on shares of Entegris in a report on Thursday, July 10th. They set a "neutral" rating and a $85.00 target price on the stock. Oppenheimer assumed coverage on Entegris in a research note on Thursday, September 4th. They set a "market perform" rating and a $95.00 price objective on the stock. UBS Group cut their target price on Entegris from $95.00 to $90.00 and set a "neutral" rating for the company in a research report on Thursday, July 31st. Wall Street Zen cut Entegris from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Finally, Mizuho upped their price objective 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. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $105.30.

Entegris Price Performance

Shares of NASDAQ:ENTG opened at $93.09 on Friday. Entegris, Inc. has a one year low of $60.75 and a one year high of $117.44. 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 has a market cap of $14.11 billion, a price-to-earnings ratio of 47.98 and a beta of 1.29. The firm has a 50 day simple moving average of $84.26 and a 200 day simple moving average of $81.54.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its earnings results on Wednesday, July 30th. The semiconductor company reported $0.66 earnings per share 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 firm had revenue of $792.40 million for the quarter, compared to analysts' expectations of $753.85 million. During the same quarter in the previous year, the firm posted $0.71 earnings per share. The company's revenue was down 2.5% on a year-over-year basis. Entegris has set its Q3 2025 guidance at 0.680-0.700 EPS. Research analysts predict that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

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

Insider Transactions at Entegris

In other news, SVP Susan G. Rice sold 8,858 shares of the business's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $79.84, for a total transaction of $707,222.72. Following the sale, the senior vice president directly owned 56,912 shares in the company, valued at approximately $4,543,854.08. The trade was a 13.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Clinton M. Haris sold 3,627 shares of the firm's stock in a transaction that occurred on Thursday, July 17th. The shares were 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 owned 37,743 shares of the company's stock, valued at approximately $3,396,870. This trade represents a 8.77% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.67% of the company's stock.

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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