MetLife Investment Management LLC Purchases 81,183 Shares of Entegris, Inc. $ENTG

Key Points

• MetLife Investment Management LLC significantly increased its stake in Entegris, Inc. by 874.7%, acquiring 81,183 additional shares to reach a total of 90,464 shares valued at approximately $7.9 million.
• Entegris reported earnings of $0.66 per share for the last quarter, slightly above the consensus estimate of $0.65, but its revenue declined by 2.5% year-over-year to $792.4 million.
• The company announced a quarterly dividend of $0.10 per share, representing an annualized yield of 0.5%, with a payout ratio of 20.62% as of July 30th.

MetLife Investment Management LLC boosted its position in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 874.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 90,464 shares of the semiconductor company's stock after acquiring an additional 81,183 shares during the period. MetLife Investment Management LLC owned 0.06% of Entegris worth $7,914,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Synovus Financial Corp boosted its holdings in Entegris by 29.8% in the first quarter. Synovus Financial Corp now owns 25,420 shares of the semiconductor company's stock valued at $2,224,000 after acquiring an additional 5,843 shares during the last quarter. Jump Financial LLC boosted its holdings in Entegris by 1,150.3% in the first quarter. Jump Financial LLC now owns 33,245 shares of the semiconductor company's stock valued at $2,908,000 after acquiring an additional 30,586 shares during the last quarter. SVB Wealth LLC bought a new position in Entegris in the first quarter valued at about $43,000. Allstate Corp boosted its holdings in Entegris by 85.0% in the first quarter. Allstate Corp now owns 8,353 shares of the semiconductor company's stock valued at $731,000 after acquiring an additional 3,838 shares during the last quarter. Finally, Channing Capital Management LLC boosted its holdings in Entegris by 11.0% in the first quarter. Channing Capital Management LLC now owns 89,392 shares of the semiconductor company's stock valued at $7,820,000 after acquiring an additional 8,874 shares during the last quarter.

Entegris Trading Down 1.9%

NASDAQ:ENTG opened at $84.00 on Thursday. 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 stock has a market capitalization of $12.73 billion, a PE ratio of 43.30 and a beta of 1.22. The business's 50-day simple moving average is $82.92 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 for the quarter, beating the consensus estimate of $0.65 by $0.01. Entegris had a return on equity of 12.05% and a net margin of 9.17%.The business had revenue of $792.40 million for the quarter, compared to analysts' expectations of $753.85 million. During the same quarter in the previous year, the business posted $0.71 EPS. Entegris'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 expect that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

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

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, SVP Clinton M. Haris sold 3,627 shares of Entegris 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 sale, the senior vice president 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Susan G. Rice sold 8,858 shares of the business's stock in a transaction that occurred on 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 directly owned 56,912 shares in the company, valued at $4,543,854.08. This trade represents a 13.47% decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by company insiders.

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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