Price T Rowe Associates Inc. MD Has $1.19 Billion Stake in Entegris, Inc. $ENTG

Key Points

• Price T Rowe Associates Inc. MD increased its stake in Entegris, Inc. by 21.1%, acquiring an additional 2,361,065 shares and now holding around 8.95% of the company, valued at approximately $1.19 billion.
• Analysts have mixed sentiments about Entegris, with Goldman Sachs initiating coverage with a "neutral" rating and a target price of $85.00, while several others maintained or adjusted their ratings within a target price range of $100.00 to $106.44.
• Entegris also announced a quarterly dividend of $0.10 per share, reflecting an annualized yield of 0.5%, with a payout ratio currently at 20.62%.

Price T Rowe Associates Inc. MD lifted its position in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 21.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,555,677 shares of the semiconductor company's stock after purchasing an additional 2,361,065 shares during the period. Price T Rowe Associates Inc. MD owned about 8.95% of Entegris worth $1,185,852,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Entegris by 2.3% during the first quarter. Vanguard Group Inc. now owns 15,553,199 shares of the semiconductor company's stock worth $1,360,594,000 after acquiring an additional 351,053 shares during the period. Principal Financial Group Inc. raised its position in shares of Entegris by 235.8% in the first quarter. Principal Financial Group Inc. now owns 5,014,198 shares of the semiconductor company's stock valued at $438,642,000 after buying an additional 3,520,997 shares during the last quarter. D1 Capital Partners L.P. raised its position in shares of Entegris by 329.4% in the fourth quarter. D1 Capital Partners L.P. now owns 2,752,902 shares of the semiconductor company's stock valued at $272,702,000 after buying an additional 2,111,801 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Entegris by 16.5% in the fourth quarter. Ameriprise Financial Inc. now owns 2,199,161 shares of the semiconductor company's stock valued at $217,850,000 after buying an additional 312,042 shares during the last quarter. Finally, Durable Capital Partners LP raised its position in shares of Entegris by 16.5% in the fourth quarter. Durable Capital Partners LP now owns 2,033,219 shares of the semiconductor company's stock valued at $201,411,000 after buying an additional 288,213 shares during the last quarter.

Analysts Set New Price Targets

ENTG has been the subject of several research analyst reports. Mizuho increased their target price on shares of Entegris from $90.00 to $98.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Citigroup cut their target price on shares of Entegris from $125.00 to $102.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. UBS Group cut their price objective on shares of Entegris from $95.00 to $90.00 and set a "neutral" rating for the company in a research report on Thursday, July 31st. Needham & Company LLC restated a "buy" rating and set a $100.00 price objective on shares of Entegris in a research report on Tuesday, May 20th. Finally, KeyCorp restated an "overweight" rating and set a $103.00 price objective (down previously from $112.00) on shares of Entegris in a research report on Thursday, July 31st. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $106.44.

Insider Activity

In other Entegris news, SVP Clinton M. Haris sold 3,627 shares of Entegris stock in a transaction dated Thursday, July 17th. The stock was 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 of the company's stock, valued at $3,396,870. The trade was a 8.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Susan G. Rice sold 8,858 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $79.84, for a total value of $707,222.72. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by insiders.

Entegris Stock Performance

Entegris stock traded down $0.82 during mid-day trading on Wednesday, reaching $84.81. The company's stock had a trading volume of 707,715 shares, compared to its average volume of 3,286,794. Entegris, Inc. has a twelve month low of $60.75 and a twelve month high of $117.88. The firm has a market cap of $12.86 billion, a price-to-earnings ratio of 43.67 and a beta of 1.22. 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 business has a 50 day moving average price of $82.76 and a 200-day moving average price of $84.02.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $0.66 earnings per share for the quarter, beating 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 business had revenue of $792.40 million for the quarter, compared to analysts' expectations of $753.85 million. During the same period in the previous year, the business earned $0.71 earnings per share. The company'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. Sell-side analysts predict that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Wednesday, July 30th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.5%. The ex-dividend date was Wednesday, July 30th. Entegris's payout ratio is presently 20.62%.

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).