Korea Investment CORP Purchases 7,979 Shares of Entegris, Inc. $ENTG

Key Points

• Korea Investment CORP increased its stake in Entegris, Inc. by 12.8% in Q1 2023, owning 70,304 shares valued at approximately $6.15 million by the end of the quarter.
• Entegris reported earnings per share (EPS) of $0.66 for the last quarter, exceeding expectations, but saw a 2.5% decline in revenue compared to the previous year.
• The company announced a quarterly dividend of $0.10 per share, reflecting a 0.5% yield, with a current payout ratio of 20.62%.

Korea Investment CORP lifted its position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 12.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,304 shares of the semiconductor company's stock after purchasing an additional 7,979 shares during the period. Korea Investment CORP's holdings in Entegris were worth $6,150,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ENTG. Principal Financial Group Inc. increased its stake in shares of Entegris by 235.8% during the 1st 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 during the last quarter. Deutsche Bank AG grew its stake in Entegris by 434.1% in the 4th quarter. Deutsche Bank AG now owns 1,470,162 shares of the semiconductor company's stock valued at $145,634,000 after buying an additional 1,194,903 shares during the last quarter. TPG GP A LLC bought a new stake in Entegris in the 4th quarter valued at about $115,639,000. Bank of New York Mellon Corp boosted its holdings in Entegris by 85.5% in the 1st quarter. Bank of New York Mellon Corp now owns 1,035,330 shares of the semiconductor company's stock valued at $90,571,000 after purchasing an additional 477,347 shares during the period. Finally, Nuveen LLC bought a new stake in Entegris in the 1st quarter valued at about $31,352,000.

Entegris Trading Down 1.4%

Shares of ENTG traded down $1.18 during trading hours on Thursday, hitting $82.82. 739,934 shares of the stock were exchanged, compared to its average volume of 3,284,315. Entegris, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $117.88. The company has a debt-to-equity ratio of 1.04, a current ratio of 3.30 and a quick ratio of 1.95. The business has a 50-day moving average of $82.92 and a 200-day moving average of $84.02. The firm has a market capitalization of $12.56 billion, a P/E ratio of 42.55 and a beta of 1.22.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $792.40 million during the quarter, compared to analysts' expectations of $753.85 million. Entegris had a net margin of 9.17% and a return on equity of 12.05%. Entegris's revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.71 earnings per share. Entegris has set its Q3 2025 guidance at 0.680-0.700 EPS. On average, research analysts expect that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Wednesday, July 30th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Wednesday, July 30th. Entegris's dividend payout ratio (DPR) is presently 20.62%.

Insiders Place Their Bets

In other Entegris news, 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 value 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. This trade represents a 8.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Susan G. Rice sold 8,858 shares of the firm's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $79.84, for a total transaction 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. Company insiders own 0.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ENTG. Needham & Company LLC reaffirmed a "buy" rating and set a $100.00 price target on shares of Entegris in a report on Tuesday, May 20th. The Goldman Sachs Group started coverage on shares of Entegris in a research note on Thursday, July 10th. They issued a "neutral" rating and a $85.00 price objective for the company. Mizuho increased their price objective on shares of Entegris from $90.00 to $98.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Wall Street Zen cut shares of Entegris from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Finally, Citigroup decreased their price target on shares of Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $106.44.

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).