513,000 Shares in Entegris, Inc. $ENTG Acquired by Findlay Park Partners LLP

Key Points

• Findlay Park Partners LLP has acquired 513,000 shares of Entegris, Inc. valued at approximately $44.88 million, making up about 0.34% of the company's total stock.
• Entegris reported better-than-expected Q2 earnings with an EPS of $0.66, surpassing analysts' estimates of $0.65, despite a revenue decline of 2.5% year-over-year.
• The company declared a quarterly dividend of $0.10 per share, with a dividend yield of 0.5% and a payout ratio of 20.62%.

Findlay Park Partners LLP bought a new stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 513,000 shares of the semiconductor company's stock, valued at approximately $44,877,000. Findlay Park Partners LLP owned about 0.34% of Entegris at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Costello Asset Management INC purchased a new position in shares of Entegris during the 1st quarter worth $26,000. Central Pacific Bank Trust Division lifted its position in Entegris by 125.7% during the first quarter. Central Pacific Bank Trust Division now owns 307 shares of the semiconductor company's stock valued at $27,000 after purchasing an additional 171 shares in the last quarter. Quarry LP bought a new stake in Entegris during the fourth quarter valued at about $28,000. Neo Ivy Capital Management purchased a new stake in Entegris in the fourth quarter worth about $34,000. Finally, Summit Securities Group LLC bought a new position in shares of Entegris in the first quarter worth about $36,000.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ENTG shares. Citigroup cut their price objective on Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Wall Street Zen lowered shares of Entegris from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. The Goldman Sachs Group initiated coverage on shares of Entegris in a research note on Thursday, July 10th. They issued a "neutral" rating and a $85.00 price objective for the company. KeyCorp restated an "overweight" rating and set a $103.00 target price (down previously from $112.00) on shares of Entegris in a research note on Thursday, July 31st. Finally, UBS Group dropped their target price on shares of Entegris from $95.00 to $90.00 and set a "neutral" rating for the company in a report on Thursday, July 31st. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $106.44.

Entegris Price Performance

Entegris stock traded down $0.14 during midday trading on Thursday, reaching $83.86. 4,019,582 shares of the stock traded hands, compared to its average volume of 2,914,909. The stock has a market cap of $12.71 billion, a P/E ratio of 43.23 and a beta of 1.22. The stock's fifty day moving average is $83.07 and its 200-day moving average is $83.86. The company has a quick ratio of 1.95, a current ratio of 3.30 and a debt-to-equity ratio of 1.04. Entegris, Inc. has a 12 month low of $60.75 and a 12 month high of $117.88.

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

Entegris Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Wednesday, July 30th were paid 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 of this dividend was Wednesday, July 30th. Entegris's dividend payout ratio (DPR) is presently 20.62%.

Insider Transactions at Entegris

In other news, SVP Clinton M. Haris sold 3,627 shares of the business's 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 transaction, the senior vice president owned 37,743 shares of the company's stock, valued at approximately $3,396,870. The trade was a 8.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Susan G. Rice sold 8,858 shares of the firm's stock in a transaction on Wednesday, August 13th. The stock was 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 represents a 13.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.67% of the company's stock.

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).