Raymond James Financial Inc. Sells 61,295 Shares of Entegris, Inc. $ENTG

Key Points

• Raymond James Financial Inc. reduced its stake in Entegris, Inc. by 6.6%, selling 61,295 shares during the first quarter, leaving them with approximately 0.57% of the company worth about $75.77 million.
• Entegris recently reported earnings of $0.66 per share, exceeding analysts' expectations, despite a 2.5% decline in revenue compared to the same quarter last year.
• The company announced a quarterly dividend of $0.10 per share, reflecting a yield of 0.5%, with the payment date set for August 20th.

Raymond James Financial Inc. trimmed its position in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 6.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 866,109 shares of the semiconductor company's stock after selling 61,295 shares during the quarter. Raymond James Financial Inc. owned approximately 0.57% of Entegris worth $75,767,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ENTG. Costello Asset Management INC acquired a new position in shares of Entegris during the 1st quarter worth about $26,000. Central Pacific Bank Trust Division lifted its holdings in shares of Entegris by 125.7% during the 1st quarter. Central Pacific Bank Trust Division now owns 307 shares of the semiconductor company's stock valued at $27,000 after purchasing an additional 171 shares in the last quarter. Quarry LP bought a new position in shares of Entegris during the 4th quarter valued at about $28,000. Neo Ivy Capital Management bought a new position in shares of Entegris during the 4th quarter valued at about $34,000. Finally, Curat Global LLC bought a new position in shares of Entegris during the 1st quarter valued at about $39,000.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ENTG shares. KeyCorp reiterated an "overweight" rating and set a $103.00 price objective (down previously from $112.00) on shares of Entegris in a report on Thursday, July 31st. Needham & Company LLC restated a "buy" rating and issued a $100.00 target price on shares of Entegris in a research note on Tuesday, May 20th. UBS Group cut their target price on Entegris from $95.00 to $90.00 and set a "neutral" rating on the stock in a research note on Thursday, July 31st. The Goldman Sachs Group started coverage on Entegris in a research note on Thursday, July 10th. They issued a "neutral" rating and a $85.00 target price on the stock. Finally, Wall Street Zen cut Entegris from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $106.44.

Entegris Stock Performance

Shares of ENTG stock traded up $5.67 during trading on Friday, reaching $87.76. 3,684,183 shares of the company's stock were exchanged, compared to its average volume of 3,245,893. The company has a quick ratio of 1.95, a current ratio of 3.30 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $13.30 billion, a PE ratio of 45.24 and a beta of 1.22. Entegris, Inc. has a twelve month low of $60.75 and a twelve month high of $119.95. The firm's fifty day moving average price is $82.41 and its 200-day moving average price is $84.33.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its earnings results on Wednesday, July 30th. The semiconductor company reported $0.66 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.01. Entegris had a return on equity of 12.05% and a net margin of 9.17%.The business had revenue of $792.40 million for the quarter, compared to analyst estimates of $753.85 million. During the same period in the previous year, the firm earned $0.71 EPS. The firm's revenue was down 2.5% compared to the same quarter last year. Entegris has set its Q3 2025 guidance at 0.680-0.700 EPS. As a group, sell-side analysts anticipate that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Announces Dividend

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

Insider Buying and Selling at Entegris

In other news, SVP Susan G. Rice sold 8,858 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $79.84, for a total transaction of $707,222.72. Following the sale, the senior vice president directly owned 56,912 shares of the company's stock, valued at approximately $4,543,854.08. This represents a 13.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Clinton M. Haris sold 3,627 shares of the stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $90.00, for a total value of $326,430.00. Following the sale, the senior vice president directly owned 37,743 shares in the company, valued at approximately $3,396,870. This trade represents a 8.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company's stock.

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).