Needham Investment Management LLC Sells 7,000 Shares of Entegris, Inc. $ENTG

Key Points

• Needham Investment Management LLC decreased its stake in Entegris, Inc. by 2.9%, now holding 233,000 shares valued at approximately $20.4 million, which represents 1.9% of its investment portfolio.
• Entegris recently reported earnings per share (EPS) of $0.66 for the last quarter, which surpassed analysts' expectations of $0.65, although revenue was down 2.5% year-over-year.
• Several analysts have adjusted their price targets for Entegris, with KeyCorp setting a new objective of $103.00, down from $112.00, while Mizuho increased its target from $90.00 to $98.00.

Needham Investment Management LLC reduced its position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 2.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 233,000 shares of the semiconductor company's stock after selling 7,000 shares during the period. Entegris makes up about 1.9% of Needham Investment Management LLC's portfolio, making the stock its 12th biggest holding. Needham Investment Management LLC owned approximately 0.15% of Entegris worth $20,383,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ENTG. Mackenzie Financial Corp lifted its holdings in shares of Entegris by 61.4% during the first quarter. Mackenzie Financial Corp now owns 8,891 shares of the semiconductor company's stock worth $778,000 after buying an additional 3,382 shares in the last quarter. Compass Wealth Management LLC bought a new position in Entegris during the first quarter worth about $1,614,000. Sequoia Financial Advisors LLC raised its stake in Entegris by 11.5% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,767 shares of the semiconductor company's stock worth $242,000 after purchasing an additional 285 shares in the last quarter. Sarasin & Partners LLP bought a new stake in Entegris in the 1st quarter valued at about $1,544,000. Finally, New York State Teachers Retirement System acquired a new position in shares of Entegris during the 1st quarter worth approximately $4,870,000.

Insiders Place Their Bets

In other news, SVP Clinton M. Haris sold 3,627 shares of the company's stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $90.00, for a total transaction of $326,430.00. Following the transaction, the senior vice president owned 37,743 shares in the company, valued at approximately $3,396,870. This represents a 8.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Susan G. Rice sold 8,858 shares of the stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $79.84, for a total transaction 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. Corporate insiders own 0.61% of the company's stock.

Entegris Price Performance

NASDAQ:ENTG traded down $0.92 during trading hours on Tuesday, hitting $81.22. The company's stock had a trading volume of 1,249,753 shares, compared to its average volume of 2,403,847. Entegris, Inc. has a twelve month low of $60.75 and a twelve month 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 fifty day simple moving average of $83.28 and a 200-day simple moving average of $82.30. The company has a market capitalization of $12.31 billion, a P/E ratio of 41.87 and a beta of 1.29.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its earnings results on Wednesday, July 30th. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $753.85 million. During the same quarter in the prior year, the firm earned $0.71 EPS. The business's revenue for the quarter was down 2.5% compared to the same quarter last year. Entegris has set its Q3 2025 guidance at 0.680-0.700 EPS. On average, analysts anticipate 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 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 is presently 20.62%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ENTG. Mizuho raised their target price on shares of Entegris from $90.00 to $98.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Wall Street Zen lowered Entegris from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. KeyCorp reaffirmed an "overweight" rating and issued a $103.00 price objective (down from $112.00) on shares of Entegris in a report on Thursday, July 31st. Needham & Company LLC reissued a "buy" rating and set a $100.00 target price on shares of Entegris in a report on Tuesday, May 20th. Finally, 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 for the company. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Entegris has a consensus rating of "Moderate Buy" and a consensus price target of $105.30.

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).