Rafferty Asset Management LLC Trims Stock Position in Entegris, Inc. $ENTG

Key Points

• Rafferty Asset Management LLC reduced its holdings in Entegris, Inc. by 7.2%, owning 1,199,084 shares valued at approximately $104.9 million after selling 92,411 shares during the first quarter.
• Entegris reported earnings of $0.66 EPS, exceeding analysts' expectations, with revenue of $792.4 million despite a 2.5% decline compared to the same quarter last year.
• The company recently announced a quarterly dividend of $0.10 per share, equating to an annual yield of 0.5% and a payout ratio of 20.62%.

Rafferty Asset Management LLC cut its holdings in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 7.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,199,084 shares of the semiconductor company's stock after selling 92,411 shares during the period. Rafferty Asset Management LLC owned about 0.79% of Entegris worth $104,896,000 as of its most recent SEC filing.

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

Insider Transactions at Entegris

In other news, 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 transaction, the senior vice president owned 56,912 shares of the company's stock, valued at $4,543,854.08. The trade was a 13.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Clinton M. Haris sold 3,627 shares of the firm's stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $90.00, for a total transaction of $326,430.00. Following the sale, the senior vice president owned 37,743 shares in the company, valued at approximately $3,396,870. This trade represents a 8.77% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.67% of the company's stock.

Analysts Set New Price Targets

ENTG has been the subject of several research analyst reports. UBS Group decreased their price objective on shares of Entegris from $95.00 to $90.00 and set a "neutral" rating for the company in a research note on Thursday, July 31st. KeyCorp reissued an "overweight" rating and issued a $103.00 target price (down from $112.00) on shares of Entegris in a report on Thursday, July 31st. Needham & Company LLC reaffirmed a "buy" rating and set a $100.00 price target on shares of Entegris in a research report on Tuesday, May 20th. Wall Street Zen cut Entegris from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Finally, The Goldman Sachs Group initiated coverage on Entegris in a report on Thursday, July 10th. They issued a "neutral" rating and a $85.00 price objective for the company. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $106.44.

Entegris Stock Performance

Entegris stock traded down $0.14 during trading hours on Thursday, reaching $83.86. 4,019,582 shares of the stock were exchanged, compared to its average volume of 2,914,909. Entegris, Inc. has a 52-week low of $60.75 and a 52-week high of $117.88. The stock has a market cap of $12.71 billion, a P/E ratio of 43.23 and a beta of 1.22. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.95 and a current ratio of 3.30. The firm's 50 day moving average is $83.07 and its 200 day moving average is $83.86.

Entegris (NASDAQ:ENTG - Get Free Report) last announced 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. The company had revenue of $792.40 million for the quarter, compared to analyst estimates of $753.85 million. Entegris had a return on equity of 12.05% and a net margin of 9.17%.The firm's revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.71 EPS. Entegris has set its Q3 2025 guidance at 0.680-0.700 EPS. Analysts predict that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Dividend Announcement

The firm also recently announced 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 dividend payout ratio (DPR) is 20.62%.

Entegris Profile

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).