Norris Perne & French LLP MI Purchases 62,189 Shares of Entegris, Inc. $ENTG

Key Points

• Norris Perne & French LLP MI increased its Entegris stake by 185.1% in the third quarter, purchasing 62,189 shares and bringing its holdings to 95,784 shares valued at approximately $14.8 million.
• Analyst sentiment remains positive, with Entegris carrying a consensus “Buy” rating and an average price target of $181.67; Citigroup and Mizuho recently raised their targets.
• Entegris exceeded quarterly earnings and revenue estimates, reporting $0.93 EPS and $883.2 million in revenue, while announcing a quarterly dividend of $0.10 per share.

Norris Perne & French LLP MI increased its holdings in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 185.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 95,784 shares of the semiconductor company's stock after buying an additional 62,189 shares during the quarter. Norris Perne & French LLP MI owned about 0.06% of Entegris worth $14,757,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in Entegris during the 2nd quarter valued at approximately $3,683,556,000. Principal Financial Group Inc. increased its stake in shares of Entegris by 1.2% in the first quarter. Principal Financial Group Inc. now owns 5,885,239 shares of the semiconductor company's stock worth $689,990,000 after acquiring an additional 68,152 shares during the period. Primecap Management Co. CA purchased a new position in shares of Entegris during the second quarter worth $562,141,000. Bank of America Corp DE purchased a new position in shares of Entegris during the second quarter worth $489,403,000. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Entegris during the second quarter valued at $486,101,000.

Analysts Set New Price Targets

Several research firms have commented on ENTG. Citigroup upped their price target on shares of Entegris from $170.00 to $195.00 and gave the company a "buy" rating in a report on Tuesday. Wall Street Zen cut Entegris from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 8th. Zacks Research cut Entegris from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 7th. Barclays assumed coverage on Entegris in a research note on Monday, October 12th. They issued an "overweight" rating and a $212.00 target price on the stock. Finally, Mizuho raised their target price on Entegris from $180.00 to $200.00 and gave the stock an "outperform" rating in a report on Wednesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $181.67.

Entegris Price Performance

NASDAQ:ENTG opened at $134.52 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 3.05 and a quick ratio of 1.85. The company has a 50 day moving average price of $145.86 and a 200-day moving average price of $144.36. Entegris, Inc. has a 1-year low of $67.97 and a 1-year high of $186.94. The firm has a market cap of $20.51 billion, a price-to-earnings ratio of 67.60, a price-to-earnings-growth ratio of 1.23 and a beta of 1.40.

Entegris (NASDAQ:ENTG - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The semiconductor company reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.82 by $0.11. The firm had revenue of $883.20 million for the quarter, compared to the consensus estimate of $835.79 million. Entegris had a net margin of 9.18% and a return on equity of 12.25%. The firm's quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.66 earnings per share. Entegris has set its Q3 2026 guidance at 0.960-1.040 EPS. Equities research analysts forecast that Entegris, Inc. will post 3.93 EPS for the current year.

Entegris Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 18th. Shareholders of record on Wednesday, October 28th will be given a $0.10 dividend. The ex-dividend date is Wednesday, October 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. Entegris's dividend payout ratio is 20.10%.

Insiders Place Their Bets

In other news, insider Olivier Blachier sold 2,000 shares of the stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $160.66, for a total transaction of $321,320.00. Following the sale, the insider directly owned 34,997 shares of the company's stock, valued at $5,622,618.02. This represents a 5.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Joseph Colella sold 3,916 shares of the stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $164.48, for a total transaction of $644,103.68. Following the sale, the senior vice president directly owned 50,297 shares in the company, valued at approximately $8,272,850.56. The trade was a 7.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 7,978 shares of company stock worth $1,273,734. Company insiders own 0.53% of the company's stock.

Entegris Profile

Entegris, Inc is a materials science and process technology company that supplies products and solutions used in the manufacture of semiconductors and other advanced technology products. Its offerings help chipmakers manage contamination, handle sensitive materials, and improve process control across the semiconductor production cycle.

The company's products include specialty chemicals and gases, filtration and purification systems, wafer and substrate handling products, fluid-management components, and advanced materials used in semiconductor fabrication.

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