Hsbc Holdings PLC Trims Stake in Entegris, Inc. $ENTG

Key Points

• HSBC Holdings PLC has reduced its stake in Entegris, Inc. by 57.4%, selling 52,781 shares to hold 39,204 shares valued at approximately $3.41 million.
• Multiple institutional investors have altered their positions in Entegris, with notable changes including Personal CFO Solutions LLC increasing its stake by 6.0%.
• Entegris reported quarterly earnings of $0.66 per share, which was above expectations, with revenue of $792.40 million, although it represented a 2.5% year-over-year decline.

Hsbc Holdings PLC decreased its position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 57.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 39,204 shares of the semiconductor company's stock after selling 52,781 shares during the period. Hsbc Holdings PLC's holdings in Entegris were worth $3,414,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Personal CFO Solutions LLC grew its holdings in shares of Entegris by 6.0% during the 1st quarter. Personal CFO Solutions LLC now owns 2,466 shares of the semiconductor company's stock worth $216,000 after acquiring an additional 140 shares during the period. First Hawaiian Bank grew its holdings in shares of Entegris by 0.9% during the 1st quarter. First Hawaiian Bank now owns 15,786 shares of the semiconductor company's stock worth $1,381,000 after acquiring an additional 143 shares during the period. Ensign Peak Advisors Inc grew its holdings in shares of Entegris by 0.3% during the 4th quarter. Ensign Peak Advisors Inc now owns 53,230 shares of the semiconductor company's stock worth $5,273,000 after acquiring an additional 150 shares during the period. Evexia Wealth LLC grew its holdings in shares of Entegris by 6.3% during the 1st quarter. Evexia Wealth LLC now owns 2,798 shares of the semiconductor company's stock worth $245,000 after acquiring an additional 166 shares during the period. Finally, Central Pacific Bank Trust Division grew its holdings in shares of Entegris by 125.7% during the 1st quarter. Central Pacific Bank Trust Division now owns 307 shares of the semiconductor company's stock worth $27,000 after acquiring an additional 171 shares during the period.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Needham & Company LLC reissued a "buy" rating and issued a $100.00 price target on shares of Entegris in a research report on Tuesday, May 20th. KeyCorp reissued an "overweight" rating and issued a $103.00 price target (down from $112.00) on shares of Entegris in a research report on Thursday, July 31st. The Goldman Sachs Group assumed coverage on Entegris in a research report on Thursday, July 10th. They issued a "neutral" rating and a $85.00 price target on the stock. UBS Group dropped their price target on Entegris from $95.00 to $90.00 and set a "neutral" rating on the stock in a research report on Thursday, July 31st. Finally, Mizuho boosted their price target on Entegris from $90.00 to $98.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $106.44.

Entegris Stock Performance

ENTG stock opened at $85.63 on Wednesday. The stock has a market capitalization of $12.98 billion, a PE ratio of 44.14 and a beta of 1.22. Entegris, Inc. has a 12-month low of $60.75 and a 12-month high of $117.88. The company has a current ratio of 3.30, a quick ratio of 1.95 and a debt-to-equity ratio of 1.04. The stock's 50 day simple moving average is $82.76 and its 200 day simple moving average is $84.02.

Entegris (NASDAQ:ENTG - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, beating 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 firm's quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.71 EPS. Entegris has set its Q3 2025 guidance at 0.680-0.700 EPS. As a group, research analysts forecast that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Wednesday, July 30th. This represents a $0.40 annualized dividend and a yield of 0.5%. Entegris's dividend payout ratio is 20.62%.

Insider Activity at Entegris

In related news, SVP Clinton M. Haris sold 3,627 shares of the company'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 value of $326,430.00. Following the transaction, the senior vice president directly owned 37,743 shares of the company's stock, valued at approximately $3,396,870. This represents a 8.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Susan G. Rice sold 8,858 shares of the company's 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company's stock.

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).

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