Meiji Yasuda Asset Management Co Ltd. Acquires 3,621 Shares of Entegris, Inc. $ENTG

Key Points

• Meiji Yasuda Asset Management Co Ltd. increased its stake in Entegris, Inc. by 170.8%, holding a total of 5,741 shares valued at $502,000 after acquiring an additional 3,621 shares in the first quarter.
• Entegris reported earnings of $0.66 per share, exceeding analysts' expectations, but experienced a 2.5% revenue decline compared to the same quarter last year.
• Entegris recently declared a quarterly dividend of $0.10 per share, resulting in an annualized dividend of $0.40 and a payout ratio of 20.62%.

Meiji Yasuda Asset Management Co Ltd. lifted its stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 170.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,741 shares of the semiconductor company's stock after acquiring an additional 3,621 shares during the period. Meiji Yasuda Asset Management Co Ltd.'s holdings in Entegris were worth $502,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position 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 valued at $438,642,000 after purchasing an additional 3,520,997 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in 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 buying an additional 2,361,065 shares in the last quarter. TPG GP A LLC bought a new stake in Entegris in the 4th quarter valued at $115,639,000. Durable Capital Partners LP raised its stake in shares of Entegris by 43.3% in the 1st quarter. Durable Capital Partners LP now owns 2,914,417 shares of the semiconductor company's stock valued at $254,953,000 after buying an additional 881,198 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Entegris by 40.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,759,296 shares of the semiconductor company's stock worth $241,383,000 after acquiring an additional 794,222 shares during the period.

Analysts Set New Price Targets

Several research firms recently issued reports on ENTG. Wall Street Zen lowered shares of Entegris from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Needham & Company LLC reiterated a "buy" rating and issued a $100.00 price objective on shares of Entegris in a research note on Tuesday, May 20th. UBS Group cut their target price on Entegris from $95.00 to $90.00 and set a "neutral" rating for the company in a research report on Thursday, July 31st. Oppenheimer assumed coverage on Entegris in a research note on Thursday, September 4th. They issued a "market perform" rating and a $95.00 price target on the stock. Finally, Mizuho increased their price objective on Entegris from $90.00 to $98.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Entegris presently has an average rating of "Moderate Buy" and an average target price of $105.30.

Insider Transactions at Entegris

In other Entegris news, SVP Clinton M. Haris sold 3,627 shares of the stock in a transaction dated 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 owned 37,743 shares of the company's stock, valued at approximately $3,396,870. This represents a 8.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Susan G. Rice sold 8,858 shares of the firm's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $79.84, for a total value of $707,222.72. Following the transaction, the senior vice president owned 56,912 shares in the company, valued at approximately $4,543,854.08. This trade represents a 13.47% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company's stock.

Entegris Stock Down 2.2%

Shares of NASDAQ:ENTG opened at $79.43 on Thursday. Entegris, Inc. has a 12 month low of $60.75 and a 12 month high of $117.88. The firm has a market cap of $12.04 billion, a P/E ratio of 40.94 and a beta of 1.29. 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 company's 50-day moving average price is $83.12 and its two-hundred day moving average price is $82.28.

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 (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.01. The firm had revenue of $792.40 million for the quarter, compared to the consensus estimate of $753.85 million. Entegris had a return on equity of 12.05% and a net margin of 9.17%.The business's revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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 EPS for the current fiscal year.

Entegris Announces Dividend

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

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).

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