Persistent Asset Partners Ltd Buys New Shares in Entegris, Inc. $ENTG

Key Points

• Persistent Asset Partners initiated a position in Entegris by purchasing 11,568 shares valued at approximately $2.08 million. Several other major institutional investors also increased their holdings.
• Analysts maintain a favorable outlook, with a consensus “Buy” rating and an average price target of $170.89; BMO Capital Markets recently raised its target to $167.
• Entegris exceeded quarterly expectations, reporting $0.93 in EPS and $883.2 million in revenue, while revenue grew 11.5% year over year. The company also declared a quarterly dividend of $0.10 per share.

Persistent Asset Partners Ltd bought a new position in Entegris, Inc. (NASDAQ:ENTG - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 11,568 shares of the semiconductor company's stock, valued at approximately $2,081,000.

Several other hedge funds have also added to or reduced their stakes in ENTG. Principal Financial Group Inc. boosted its position in Entegris by 1.2% during the 1st quarter. Principal Financial Group Inc. now owns 5,885,239 shares of the semiconductor company's stock valued at $689,990,000 after buying an additional 68,152 shares during the period. State Street Corp raised its holdings in Entegris by 1.2% in the 4th quarter. State Street Corp now owns 5,152,176 shares of the semiconductor company's stock worth $434,071,000 after purchasing an additional 61,549 shares in the last quarter. Durable Capital Partners LP lifted its position in shares of Entegris by 23.2% in the 3rd quarter. Durable Capital Partners LP now owns 3,765,035 shares of the semiconductor company's stock worth $348,115,000 after purchasing an additional 709,121 shares during the period. Invesco Ltd. boosted its stake in shares of Entegris by 13.4% during the 4th quarter. Invesco Ltd. now owns 3,592,669 shares of the semiconductor company's stock valued at $302,682,000 after purchasing an additional 424,812 shares in the last quarter. Finally, UBS Group AG increased its position in shares of Entegris by 19.7% during the third quarter. UBS Group AG now owns 3,405,183 shares of the semiconductor company's stock valued at $314,843,000 after buying an additional 559,435 shares during the period.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Freedom Capital upgraded Entegris to a "strong-buy" rating in a report on Monday, August 3rd. Citigroup restated a "buy" rating on shares of Entegris in a research note on Thursday, April 30th. Oppenheimer restated an "outperform" rating and set a $160.00 price target on shares of Entegris in a research report on Friday, May 1st. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Entegris in a research note on Monday, August 3rd. Finally, BMO Capital Markets increased their price objective on Entegris from $153.00 to $167.00 and gave the stock an "outperform" rating in a report on Monday, July 6th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $170.89.

Entegris Stock Performance

NASDAQ:ENTG opened at $161.76 on Monday. The stock has a market cap of $24.67 billion, a price-to-earnings ratio of 81.29, a PEG ratio of 1.49 and a beta of 1.35. The company has a quick ratio of 1.85, a current ratio of 3.05 and a debt-to-equity ratio of 0.83. The company's 50 day moving average price is $146.89 and its 200-day moving average price is $136.19. Entegris, Inc. has a 52 week low of $67.97 and a 52 week high of $186.94.

Entegris (NASDAQ:ENTG - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The semiconductor company reported $0.93 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.11. Entegris had a net margin of 9.18% and a return on equity of 12.25%. The company had revenue of $883.20 million during the quarter, compared to analyst estimates of $835.79 million. During the same period in the previous year, the business earned $0.66 EPS. The firm's revenue for the quarter was up 11.5% on a year-over-year basis. Entegris has set its Q3 2026 guidance at 0.960-1.040 EPS. On average, equities research analysts forecast that Entegris, Inc. will post 3.91 earnings per share for the current fiscal year.

Entegris Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Wednesday, July 29th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, July 29th. Entegris's payout ratio is presently 20.10%.

Insider Activity at Entegris

In related news, SVP Joseph Colella sold 3,916 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $164.48, for a total transaction of $644,103.68. Following the transaction, the senior vice president owned 50,297 shares in the company, valued at $8,272,850.56. This represents a 7.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James P. Lederer sold 3,569 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $143.59, for a total value of $512,472.71. Following the transaction, the director directly owned 18,277 shares in the company, valued at $2,624,394.43. The trade was a 16.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 16,395 shares of company stock valued at $2,486,814 over the last ninety days. Company insiders own 0.53% of the company's stock.

Entegris Profile

Entegris, Inc is a leading provider of advanced materials and process control solutions for the semiconductor and other high-technology industries. The company develops and supplies a broad portfolio of products designed to ensure purity and reliability throughout the manufacturing process, helping customers address critical contamination and yield challenges.

Entegris's product offerings include high-purity chemicals and specialty materials, liquid and gas filtration and purification systems, and sophisticated wafer and chip handling solutions.

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