Goldman Sachs Group Inc. Raises Stake in Entegris, Inc. $ENTG

Key Points

• Goldman Sachs Group Inc. increased its stake in Entegris, Inc. by 40.4%, acquiring an additional 794,222 shares during the first quarter, bringing its total holdings to approximately 2.76 million shares valued at $241.4 million.
• Entegris recently reported quarterly earnings of $0.66 per share, surpassing analyst expectations, with revenue reaching $792.4 million, despite a 2.5% decline year-over-year.
• The company declared a quarterly dividend of $0.10 per share, translating to an annualized dividend yield of 0.5%, with a payout ratio of 20.62%.

Goldman Sachs Group Inc. boosted its position in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 40.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,759,296 shares of the semiconductor company's stock after acquiring an additional 794,222 shares during the quarter. Goldman Sachs Group Inc. owned 1.82% of Entegris worth $241,383,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in ENTG. Captrust Financial Advisors increased its holdings in Entegris by 16.4% in the fourth quarter. Captrust Financial Advisors now owns 22,399 shares of the semiconductor company's stock valued at $2,219,000 after buying an additional 3,156 shares during the last quarter. Fiduciary Trust Co purchased a new position in Entegris in the fourth quarter valued at $246,000. Ethic Inc. increased its holdings in Entegris by 17.1% in the fourth quarter. Ethic Inc. now owns 18,159 shares of the semiconductor company's stock valued at $1,799,000 after buying an additional 2,658 shares during the last quarter. Ensign Peak Advisors Inc increased its holdings in Entegris by 0.3% in the fourth quarter. Ensign Peak Advisors Inc now owns 53,230 shares of the semiconductor company's stock valued at $5,273,000 after buying an additional 150 shares during the last quarter. Finally, Graham Capital Management L.P. purchased a new position in Entegris in the fourth quarter valued at approximately $684,000.

Insiders Place Their Bets

In related news, SVP Susan G. Rice sold 8,858 shares of Entegris stock in a transaction 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 in the company, valued at $4,543,854.08. This trade represents a 13.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Clinton M. Haris sold 3,627 shares of Entegris stock in a transaction 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 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. Company insiders own 0.67% of the company's stock.

Entegris Stock Performance

Shares of NASDAQ ENTG traded up $3.72 during midday trading on Friday, reaching $87.25. 3,633,810 shares of the company were exchanged, compared to its average volume of 2,381,945. The company has a current ratio of 3.30, a quick ratio of 1.95 and a debt-to-equity ratio of 1.04. Entegris, Inc. has a 1 year low of $60.75 and a 1 year high of $117.88. The stock has a fifty day simple moving average of $83.07 and a 200 day simple moving average of $82.05. The stock has a market cap of $13.23 billion, a P/E ratio of 44.97 and a beta of 1.29.

Entegris (NASDAQ:ENTG - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.01. Entegris had a return on equity of 12.05% and a net margin of 9.17%.The firm had revenue of $792.40 million for the quarter, compared to analyst estimates of $753.85 million. During the same quarter last year, the company posted $0.71 earnings per share. The business'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. On average, research analysts forecast that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have commented on ENTG shares. Mizuho increased their price target on shares of Entegris from $90.00 to $98.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. KeyCorp reiterated an "overweight" rating and issued a $103.00 price target (down from $112.00) on shares of Entegris in a research note on Thursday, July 31st. 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 note on Thursday, July 31st. Oppenheimer started coverage on shares of Entegris in a research note on Thursday, September 4th. They issued a "market perform" rating and a $95.00 price target on the stock. Finally, The Goldman Sachs Group started coverage on shares of Entegris in a research note on Thursday, July 10th. They issued a "neutral" rating and a $85.00 price target on the stock. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Entegris presently has a consensus rating of "Moderate Buy" and an average target price of $105.30.

Entegris Company 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).