Hsbc Holdings PLC Purchases 22,871 Shares of Entegris, Inc. $ENTG

Key Points

• Hsbc Holdings increased its Entegris position by 44% in the second quarter, purchasing 22,871 shares and bringing its stake to 74,841 shares worth approximately $13.4 million.
• Entegris reported stronger-than-expected quarterly results, with EPS of $0.93 versus $0.82 expected and revenue of $883.2 million, up 11.5% year over year. The company guided for third-quarter EPS of $0.96–$1.04.
• Wall Street remains broadly positive, with a consensus “Buy” rating and average price target of $170.89, compared with the stock’s reported price of $141.09. Insiders, however, sold 7,978 shares worth about $1.27 million over the past 90 days.

Hsbc Holdings PLC lifted its position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 44.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 74,841 shares of the semiconductor company's stock after buying an additional 22,871 shares during the quarter. Hsbc Holdings PLC's holdings in Entegris were worth $13,404,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Legal & General Group Plc lifted its stake in shares of Entegris by 2.6% during the 4th quarter. Legal & General Group Plc now owns 494,491 shares of the semiconductor company's stock worth $41,661,000 after purchasing an additional 12,348 shares during the last quarter. Norges Bank purchased a new position in Entegris in the fourth quarter valued at about $158,669,000. Natixis Advisors LLC grew its stake in Entegris by 15.0% in the fourth quarter. Natixis Advisors LLC now owns 420,758 shares of the semiconductor company's stock valued at $35,449,000 after purchasing an additional 54,973 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Entegris by 122.0% in the 4th quarter. BNP Paribas Financial Markets now owns 455,882 shares of the semiconductor company's stock valued at $38,408,000 after buying an additional 250,574 shares in the last quarter. Finally, Deutsche Bank AG bought a new stake in shares of Entegris in the 2nd quarter valued at about $69,930,000.

Insider Buying and Selling

In other Entegris news, insider Olivier Blachier sold 2,000 shares of Entegris stock in a transaction on Friday, August 14th. The shares were sold at an average price of $160.66, for a total transaction of $321,320.00. Following the sale, the insider owned 34,997 shares of the company's stock, valued at $5,622,618.02. The trade was a 5.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Joseph Colella sold 3,916 shares of the company's stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $164.48, for a total transaction of $644,103.68. Following the sale, the senior vice president directly owned 50,297 shares of the company's stock, valued at approximately $8,272,850.56. This represents a 7.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 7,978 shares of company stock worth $1,273,734. 0.53% of the stock is owned by corporate insiders.

Entegris Price Performance

NASDAQ:ENTG opened at $141.09 on Wednesday. The stock has a market capitalization of $21.52 billion, a PE ratio of 70.90, a price-to-earnings-growth ratio of 1.28 and a beta of 1.37. The stock's 50-day moving average price is $140.07 and its 200-day moving average price is $138.18. 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 52 week low of $67.97 and a 52 week high of $186.94.

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

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Wednesday, July 29th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Wednesday, July 29th. Entegris's payout ratio is presently 20.10%.

Wall Street Analyst Weigh In

A number of research firms have commented on ENTG. Freedom Capital upgraded Entegris to a "strong-buy" rating in a research note on Monday, August 3rd. BMO Capital Markets upped their price objective on shares of Entegris from $153.00 to $167.00 and gave the company an "outperform" rating in a report on Monday, July 6th. Zacks Research upgraded shares of Entegris from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 5th. Weiss Ratings reiterated a "hold (c)" rating on shares of Entegris in a research note on Monday, August 3rd. Finally, The Goldman Sachs Group upgraded Entegris from a "sell" rating to a "buy" rating in a research note on Wednesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Entegris has a consensus rating of "Buy" and an average target price of $170.89.

About Entegris

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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