Maridea Wealth Management LLC Invests $2.07 Million in Entegris, Inc. $ENTG

Key Points

• Maridea Wealth Management purchased 11,505 Entegris shares worth approximately $2.07 million in the second quarter, while several other institutional investors also increased or initiated positions.
• Entegris exceeded quarterly expectations, reporting $0.93 in EPS versus the $0.82 consensus and $883.2 million in revenue, up 11.5% year over year. The company guided for third-quarter EPS of $0.96–$1.04.
• Analyst sentiment remains positive, with a consensus “Buy” rating and an average price target of $170.89; however, insiders sold 16,395 shares worth about $2.49 million over the past 90 days.

Maridea Wealth Management LLC purchased a new stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 11,505 shares of the semiconductor company's stock, valued at approximately $2,069,000.

A number of other large investors also recently modified their holdings of the company. Millstone Evans Group LLC raised its position in Entegris by 191.3% in the first quarter. Millstone Evans Group LLC now owns 268 shares of the semiconductor company's stock valued at $31,000 after purchasing an additional 176 shares during the last quarter. First Horizon Corp grew its holdings in shares of Entegris by 147.1% during the first quarter. First Horizon Corp now owns 299 shares of the semiconductor company's stock worth $35,000 after purchasing an additional 178 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Entegris in the fourth quarter valued at approximately $29,000. Elevated Capital Advisors LLC bought a new position in Entegris in the 1st quarter valued at approximately $44,000. Finally, Johnson Financial Group Inc. raised its holdings in Entegris by 147.5% in the 4th quarter. Johnson Financial Group Inc. now owns 396 shares of the semiconductor company's stock valued at $33,000 after buying an additional 236 shares during the last quarter.

Insider Buying and Selling at Entegris

In related news, Director James P. Lederer sold 3,569 shares of the firm's stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $143.59, for a total value of $512,472.71. Following the transaction, the director owned 18,277 shares of the company's stock, valued at approximately $2,624,394.43. This trade represents a 16.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Susan G. Rice sold 2,062 shares of Entegris stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $149.52, for a total value of $308,310.24. Following the transaction, the senior vice president owned 66,976 shares of the company's stock, valued at $10,014,251.52. This trade represents a 2.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 16,395 shares of company stock valued at $2,486,814. Insiders own 0.53% of the company's stock.

Entegris Stock Performance

NASDAQ:ENTG opened at $161.76 on Friday. Entegris, Inc. has a twelve month low of $67.97 and a twelve month high of $186.94. The company has a quick ratio of 1.85, a current ratio of 3.05 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $24.67 billion, a P/E ratio of 81.29, a P/E/G ratio of 1.49 and a beta of 1.35. The company has a fifty day moving average of $146.89 and a 200-day moving average of $136.04.

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

Entegris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Wednesday, July 29th will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, July 29th. This represents a $0.40 annualized dividend and a yield of 0.2%. Entegris's dividend payout ratio is presently 20.10%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ENTG shares. UBS Group boosted their target price on shares of Entegris from $205.00 to $215.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Needham & Company LLC lifted their price target on shares of Entegris from $165.00 to $170.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Freedom Capital upgraded shares of Entegris to a "strong-buy" rating in a report on Monday, August 3rd. The Goldman Sachs Group raised shares of Entegris from a "sell" rating to a "buy" rating in a research note on Wednesday. Finally, Citigroup restated a "buy" rating on shares of Entegris in a report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Entegris presently has a consensus rating of "Buy" and an average price target of $170.89.

Entegris Company Profile

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.

Want to see what other hedge funds are holding ENTG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Entegris, Inc. (NASDAQ:ENTG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source