Polymer Capital Management HK LTD Takes $4.34 Million Position in Entegris, Inc. $ENTG

Polymer Capital Management HK LTD purchased a new stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 24,105 shares of the semiconductor company's stock, valued at approximately $4,336,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Millstone Evans Group LLC increased its position in Entegris by 191.3% in the 1st quarter. Millstone Evans Group LLC now owns 268 shares of the semiconductor company's stock valued at $31,000 after acquiring an additional 176 shares in the last quarter. Johnson Financial Group Inc. lifted its position in shares of Entegris by 147.5% during the fourth quarter. Johnson Financial Group Inc. now owns 396 shares of the semiconductor company's stock worth $33,000 after purchasing an additional 236 shares in the last quarter. First Horizon Corp grew its stake in shares of Entegris by 147.1% during the first quarter. First Horizon Corp now owns 299 shares of the semiconductor company's stock valued at $35,000 after purchasing an additional 178 shares during the last quarter. Elevated Capital Advisors LLC acquired a new stake in shares of Entegris in the first quarter valued at approximately $44,000. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Entegris in the fourth quarter valued at approximately $59,000.

Analyst Ratings Changes

Several research firms have issued reports on ENTG. Wall Street Zen downgraded Entegris from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 8th. BMO Capital Markets boosted their target price on Entegris from $153.00 to $167.00 and gave the stock an "outperform" rating in a research report on Monday, July 6th. Needham & Company LLC upped their price target on Entegris from $165.00 to $170.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Freedom Capital upgraded Entegris to a "strong-buy" rating in a report on Monday, August 3rd. Finally, UBS Group raised their price target on Entegris from $205.00 to $215.00 and gave the company a "buy" rating in a report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, Entegris has an average rating of "Buy" and a consensus price target of $170.89.

Insider Activity

In related news, insider Olivier Blachier sold 2,000 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $160.66, for a total value of $321,320.00. Following the sale, the insider directly owned 34,997 shares in the company, valued at $5,622,618.02. This trade represents a 5.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Joseph Colella sold 3,916 shares of Entegris stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $164.48, for a total transaction of $644,103.68. Following the transaction, the senior vice president directly owned 50,297 shares in the company, valued at $8,272,850.56. The trade was a 7.22% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 18,395 shares of company stock valued at $2,808,134. Insiders own 0.53% of the company's stock.

Entegris Stock Performance

Shares of NASDAQ ENTG opened at $143.66 on Monday. Entegris, Inc. has a fifty-two week low of $67.97 and a fifty-two week high of $186.94. The firm has a market capitalization of $21.91 billion, a P/E ratio of 72.19, a P/E/G ratio of 1.32 and a beta of 1.35. 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's 50 day simple moving average is $147.98 and its 200 day simple moving average is $137.21.

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

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Shareholders of record on Wednesday, July 29th were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, July 29th. This represents a $0.40 annualized dividend and a yield of 0.3%. Entegris's dividend payout ratio is presently 20.10%.

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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