Headlands Technologies LLC Takes Position in Entegris, Inc. (NASDAQ:ENTG)

Key Points

• Headlands Technologies LLC acquired a new position in Entegris, Inc. by purchasing 28,135 shares valued at approximately $2.46 million in the first quarter of 2023.
• Entegris reported a quarterly earnings per share (EPS) of $0.66, exceeding analysts' estimates, with revenue of $792.4 million, although it showed a 2.5% decline year-over-year.
• The company declared a quarterly dividend of $0.10 per share, translating to an annualized yield of 0.6%, with a payout ratio of 20.62%.

Headlands Technologies LLC bought a new position in Entegris, Inc. (NASDAQ:ENTG - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 28,135 shares of the semiconductor company's stock, valued at approximately $2,461,000.

Several other large investors also recently modified their holdings of ENTG. Costello Asset Management INC bought a new stake in shares of Entegris in the first quarter worth about $26,000. Central Pacific Bank Trust Division grew its stake in shares of Entegris by 125.7% in the first quarter. Central Pacific Bank Trust Division now owns 307 shares of the semiconductor company's stock worth $27,000 after purchasing an additional 171 shares during the last quarter. Quarry LP bought a new stake in shares of Entegris in the fourth quarter worth about $28,000. Neo Ivy Capital Management bought a new stake in shares of Entegris in the fourth quarter worth about $34,000. Finally, Curat Global LLC bought a new stake in shares of Entegris in the first quarter worth about $39,000.

Entegris Price Performance

Shares of NASDAQ ENTG opened at $72.23 on Thursday. Entegris, Inc. has a twelve month low of $60.75 and a twelve month high of $119.95. The firm has a market cap of $10.95 billion, a P/E ratio of 37.23 and a beta of 1.22. The company has a 50 day moving average of $81.43 and a 200 day moving average of $86.46. 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 (NASDAQ:ENTG - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $792.40 million during the quarter, compared to analyst estimates of $753.85 million. During the same period in the previous year, the business earned $0.71 EPS. The firm's revenue for the quarter was down 2.5% on a year-over-year basis. As a group, research analysts expect that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 20th. Investors of record on Wednesday, July 30th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Wednesday, July 30th. Entegris's payout ratio is presently 20.62%.

Analyst Upgrades and Downgrades

ENTG has been the topic of several recent analyst reports. Wall Street Zen cut Entegris from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Needham & Company LLC reissued a "buy" rating and issued a $100.00 target price on shares of Entegris in a research note on Tuesday, May 20th. UBS Group cut their target price on Entegris from $95.00 to $90.00 and set a "neutral" rating on the stock in a research note on Thursday, July 31st. Mizuho lifted their price objective on Entegris from $90.00 to $98.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Finally, The Goldman Sachs Group assumed coverage on Entegris in a research report on Thursday, July 10th. They set a "neutral" rating and a $85.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $106.44.

Insiders Place Their Bets

In other Entegris news, SVP Clinton M. Haris sold 3,627 shares of the business's 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 sale, the senior vice president directly owned 37,743 shares in the company, valued at approximately $3,396,870. The trade was a 8.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.67% of the stock is currently 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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