Entegris, Inc. $ENTG Shares Acquired by MetLife Investment Management LLC

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 increased its holdings in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 874.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 90,464 shares of the semiconductor company's stock after acquiring an additional 81,183 shares during the quarter. MetLife Investment Management LLC owned approximately 0.06% of Entegris worth $7,914,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Costello Asset Management INC purchased a new position in Entegris during the 1st quarter worth $26,000. Central Pacific Bank Trust Division raised its holdings in shares of Entegris by 125.7% in the first quarter. Central Pacific Bank Trust Division now owns 307 shares of the semiconductor company's stock valued at $27,000 after buying an additional 171 shares during the last quarter. Quarry LP acquired a new stake in shares of Entegris during the fourth quarter worth about $28,000. Neo Ivy Capital Management purchased a new position in shares of Entegris during the fourth quarter worth about $34,000. Finally, Summit Securities Group LLC purchased a new position in shares of Entegris during the first quarter worth about $36,000.

Analyst Ratings Changes

Several research firms have commented on ENTG. Citigroup reduced their price objective on Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Needham & Company LLC reissued a "buy" rating and issued a $100.00 target price on shares of Entegris in a report on Tuesday, May 20th. Mizuho increased their price target on Entegris from $90.00 to $98.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. KeyCorp reiterated an "overweight" rating and issued a $103.00 price objective (down from $112.00) on shares of Entegris in a research report on Thursday, July 31st. Finally, The Goldman Sachs Group began coverage on shares of Entegris in a research note on Thursday, July 10th. They issued a "neutral" rating and a $85.00 price objective on the stock. Seven investment 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, Entegris presently has a consensus rating of "Moderate Buy" and a consensus price target of $106.44.

Insider Activity at Entegris

In related news, SVP Susan G. Rice sold 8,858 shares of Entegris stock in a transaction on Wednesday, August 13th. The stock was 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 of the company's stock, valued at approximately $4,543,854.08. The trade was a 13.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Clinton M. Haris sold 3,627 shares of the business's stock in a transaction 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 in the company, valued at approximately $3,396,870. The trade was a 8.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.61% of the company's stock.

Entegris Price Performance

Shares of NASDAQ:ENTG traded down $1.80 on Tuesday, reaching $81.94. 2,017,612 shares of the company were exchanged, compared to its average volume of 2,536,796. The company has a 50-day moving average of $83.39 and a 200-day moving average of $83.20. The company has a current ratio of 3.30, a quick ratio of 1.95 and a debt-to-equity ratio of 1.04. The firm has a market cap of $12.42 billion, a price-to-earnings ratio of 42.24 and a beta of 1.29. Entegris, Inc. has a 1-year low of $60.75 and a 1-year high of $117.88.

Entegris (NASDAQ:ENTG - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $0.66 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.01. Entegris had a net margin of 9.17% and a return on equity of 12.05%. The firm had revenue of $792.40 million for the quarter, compared to the consensus estimate of $753.85 million. During the same quarter in the previous year, the firm earned $0.71 earnings per share. The firm's revenue was down 2.5% on a year-over-year basis. Entegris has set its Q3 2025 guidance at 0.680-0.700 EPS. Equities analysts forecast that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Dividend Announcement

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

Entegris 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).