Findlay Park Partners LLP Buys Shares of 969,700 Entegris, Inc. $ENTG

Key Points

• Findlay Park Partners LLP initiated a position in Entegris by purchasing 969,700 shares worth approximately $174.4 million, representing 0.64% of the company and 2.4% of the fund’s portfolio.
• Entegris exceeded quarterly expectations, reporting $0.93 in EPS versus $0.82 expected and revenue of $883.2 million, up 11.5% year over year. The company guided to third-quarter EPS of $0.96–$1.04.
• Analyst sentiment is broadly positive, with a consensus “Buy” rating and a $170.89 price target; Entegris also pays a quarterly dividend of $0.10 per share, yielding approximately 0.3%.

Findlay Park Partners LLP purchased a new position in Entegris, Inc. (NASDAQ:ENTG - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 969,700 shares of the semiconductor company's stock, valued at approximately $174,410,000. Entegris makes up approximately 2.4% of Findlay Park Partners LLP's portfolio, making the stock its 18th biggest holding. Findlay Park Partners LLP owned 0.64% of Entegris at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Millstone Evans Group LLC increased its stake in Entegris by 191.3% during the 1st quarter. Millstone Evans Group LLC now owns 268 shares of the semiconductor company's stock worth $31,000 after purchasing an additional 176 shares in the last quarter. First Horizon Corp raised its holdings in Entegris by 147.1% during the 1st quarter. First Horizon Corp now owns 299 shares of the semiconductor company's stock worth $35,000 after buying an additional 178 shares during the period. Elevated Capital Advisors LLC bought a new position in Entegris in the first quarter valued at approximately $44,000. Johnson Financial Group Inc. lifted its stake in Entegris by 147.5% in the fourth quarter. Johnson Financial Group Inc. now owns 396 shares of the semiconductor company's stock valued at $33,000 after buying an additional 236 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Entegris in the fourth quarter valued at approximately $59,000.

Entegris Price Performance

NASDAQ ENTG opened at $143.66 on Friday. The company has a quick ratio of 1.85, a current ratio of 3.05 and a debt-to-equity ratio of 0.83. Entegris, Inc. has a 12-month low of $67.97 and a 12-month high of $186.94. The company has a market capitalization of $21.91 billion, a PE ratio of 72.19, a price-to-earnings-growth ratio of 1.32 and a beta of 1.35. The firm's 50 day moving average is $147.98 and its 200-day moving average is $137.08.

Entegris (NASDAQ:ENTG - Get Free Report) last announced its earnings results on Tuesday, August 4th. The semiconductor company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.82 by $0.11. The business had revenue of $883.20 million during the quarter, compared to analysts' expectations of $835.79 million. Entegris had a net margin of 9.18% and a return on equity of 12.25%. The firm's revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.66 earnings per share. Entegris has set its Q3 2026 guidance at 0.960-1.040 EPS. Equities research analysts anticipate that Entegris, Inc. will post 3.91 earnings per share for the current fiscal year.

Entegris Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Wednesday, July 29th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Wednesday, July 29th. Entegris's dividend payout ratio is currently 20.10%.

Insider Activity at Entegris

In other news, insider Olivier Blachier sold 2,000 shares of the firm's stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $160.66, for a total value of $321,320.00. Following the completion of the transaction, the insider owned 34,997 shares in the company, valued at $5,622,618.02. This trade represents a 5.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Susan G. Rice sold 2,062 shares of the business's stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $149.52, for a total value of $308,310.24. Following the transaction, the senior vice president directly owned 66,976 shares in the company, valued at $10,014,251.52. This trade represents a 2.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 18,395 shares of company stock worth $2,808,134. Corporate insiders own 0.53% of the company's stock.

Wall Street Analyst Weigh In

ENTG has been the topic of a number of research analyst reports. The Goldman Sachs Group upgraded shares of Entegris from a "sell" rating to a "buy" rating in a report on Wednesday, August 12th. BMO Capital Markets upped their target price on shares of Entegris from $153.00 to $167.00 and gave the stock an "outperform" rating in a research note on Monday, July 6th. Weiss Ratings reiterated a "hold (c)" rating on shares of Entegris in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft raised Entegris from a "hold" rating to a "buy" rating and lifted their price target for the company from $152.00 to $200.00 in a research note on Wednesday, August 12th. Finally, Freedom Capital upgraded Entegris to a "strong-buy" rating in a report on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $170.89.

Entegris 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.

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