HITE Hedge Asset Management LLC Takes Position in Entegris, Inc. $ENTG

Key Points

• HITE Hedge Asset Management LLC has acquired a new position in Entegris, purchasing 24,661 shares valued at approximately $2,157,000 during the first quarter.
• Several hedge funds significantly increased their stakes in Entegris, with Principal Financial Group Inc. raising its ownership by 235.8% to over 5 million shares.
• Entegris reported better-than-expected earnings, with a net revenue of $792.40 million for the quarter and a quarterly EPS of $0.66, exceeding analyst estimates.

HITE Hedge Asset Management LLC bought a new position in Entegris, Inc. (NASDAQ:ENTG - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 24,661 shares of the semiconductor company's stock, valued at approximately $2,157,000.

Several other large investors have also bought and sold shares of ENTG. NewEdge Advisors LLC raised its holdings in Entegris by 5.5% in the fourth quarter. NewEdge Advisors LLC now owns 5,598 shares of the semiconductor company's stock worth $554,000 after buying an additional 291 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in Entegris by 3.5% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 85,448 shares of the semiconductor company's stock worth $8,456,000 after buying an additional 2,924 shares during the last quarter. Forum Financial Management LP purchased a new position in Entegris in the fourth quarter worth about $274,000. Dimensional Fund Advisors LP raised its holdings in Entegris by 19.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 931,907 shares of the semiconductor company's stock worth $92,321,000 after buying an additional 153,372 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S raised its holdings in Entegris by 74.4% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 7,603 shares of the semiconductor company's stock worth $753,000 after buying an additional 3,244 shares during the last quarter.

Wall Street Analyst Weigh In

Several research analysts have issued reports on ENTG shares. KeyCorp reaffirmed an "overweight" rating and issued a $103.00 target price (down from $112.00) on shares of Entegris in a report on Thursday, July 31st. Wall Street Zen cut shares of Entegris from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Mizuho boosted their price objective on shares of Entegris from $90.00 to $98.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. Citigroup decreased their price objective on shares of Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, UBS Group decreased their price objective 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 research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Entegris currently has a consensus rating of "Moderate Buy" and a consensus target price of $106.44.

Insider Activity at Entegris

In other Entegris news, SVP Susan G. Rice sold 8,858 shares of the stock in a transaction that occurred 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 approximately $4,543,854.08. This trade represents a 13.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Clinton M. Haris sold 3,627 shares of the firm'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 sale, the senior vice president owned 37,743 shares in the company, valued at $3,396,870. The trade was a 8.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by company insiders.

Entegris Stock Performance

ENTG traded up $5.67 during trading on Friday, hitting $87.76. The company's stock had a trading volume of 3,684,183 shares, compared to its average volume of 3,245,893. 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 one year low of $60.75 and a one year high of $119.95. The firm has a market cap of $13.30 billion, a PE ratio of 45.24 and a beta of 1.22. The business's 50 day simple moving average is $82.41 and its 200-day simple moving average is $84.46.

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 for the quarter, topping the consensus estimate of $0.65 by $0.01. Entegris had a net margin of 9.17% and a return on equity of 12.05%. The business had revenue of $792.40 million for the quarter, compared to the consensus estimate of $753.85 million. During the same period last year, the firm earned $0.71 earnings per share. The company's quarterly revenue was down 2.5% on a year-over-year basis. Entegris has set its Q3 2025 guidance at 0.680-0.700 EPS. As a group, sell-side analysts predict that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Announces Dividend

The firm also recently declared 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 0.5%. Entegris's dividend payout ratio (DPR) is presently 20.62%.

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).