Entegris, Inc. $ENTG Shares Sold by Kestra Investment Management LLC

Key Points

• Kestra Investment Management LLC significantly reduced its stake in Entegris, selling 3,551 shares and resulting in a 79.2% decrease in holdings, now totaling 934 shares valued at approximately $82,000.
• Entegris reported earnings of $0.66 per share for the latest quarter, beating expectations, although its revenue declined by 2.5% year-over-year to $792.40 million.
• A quarterly dividend of $0.10 was declared by Entegris, reflecting an annualized dividend yield of 0.5% and a payout ratio of 20.62%.

Kestra Investment Management LLC decreased its holdings in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 79.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 934 shares of the semiconductor company's stock after selling 3,551 shares during the quarter. Kestra Investment Management LLC's holdings in Entegris were worth $82,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Entegris by 2.3% during the first quarter. Vanguard Group Inc. now owns 15,553,199 shares of the semiconductor company's stock worth $1,360,594,000 after purchasing an additional 351,053 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Entegris by 21.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,555,677 shares of the semiconductor company's stock worth $1,185,852,000 after purchasing an additional 2,361,065 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Entegris by 235.8% during the first quarter. Principal Financial Group Inc. now owns 5,014,198 shares of the semiconductor company's stock worth $438,642,000 after purchasing an additional 3,520,997 shares in the last quarter. Select Equity Group L.P. increased its stake in shares of Entegris by 6.9% during the first quarter. Select Equity Group L.P. now owns 4,074,232 shares of the semiconductor company's stock worth $356,414,000 after purchasing an additional 263,168 shares in the last quarter. Finally, Durable Capital Partners LP increased its stake in shares of Entegris by 43.3% during the first quarter. Durable Capital Partners LP now owns 2,914,417 shares of the semiconductor company's stock worth $254,953,000 after purchasing an additional 881,198 shares in the last quarter.

Entegris Trading Up 4.5%

Shares of Entegris stock traded up $3.72 during mid-day trading on Friday, hitting $87.25. The stock had a trading volume of 3,633,810 shares, compared to its average volume of 2,381,945. The firm has a 50-day moving average of $83.07 and a two-hundred day moving average of $82.05. Entegris, Inc. has a 12-month low of $60.75 and a 12-month high of $117.88. The company has a quick ratio of 1.95, a current ratio of 3.30 and a debt-to-equity ratio of 1.04. The firm 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 posted its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $0.66 earnings per share for the quarter, beating 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 during the quarter, compared to analysts' expectations of $753.85 million. During the same quarter in the prior year, the company posted $0.71 EPS. The business's revenue for the quarter was down 2.5% on a year-over-year basis. Entegris has set its Q3 2025 guidance at 0.680-0.700 EPS. Sell-side analysts forecast that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Wednesday, July 30th were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, July 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. Entegris's dividend payout ratio is 20.62%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on ENTG shares. UBS Group cut their target price on shares of Entegris from $95.00 to $90.00 and set a "neutral" rating for the company in a research note on Thursday, July 31st. Needham & Company LLC restated a "buy" rating and set a $100.00 price target on shares of Entegris in a research report on Tuesday, May 20th. The Goldman Sachs Group initiated coverage on shares of Entegris in a research report on Thursday, July 10th. They set a "neutral" rating and a $85.00 price target on the stock. Wall Street Zen lowered shares of Entegris from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Finally, KeyCorp restated 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. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Entegris currently has a consensus rating of "Moderate Buy" and an average target price of $105.30.

Insider Activity at Entegris

In other 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 completion of the sale, the senior vice president owned 56,912 shares of the company's stock, valued at $4,543,854.08. This represents a 13.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Clinton M. Haris sold 3,627 shares of the stock in a transaction that occurred 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 of the company's stock, valued at approximately $3,396,870. This trade represents a 8.77% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company's stock.

About Entegris

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).