Robinhood Asset Management LLC Makes New Investment in Entegris, Inc. $ENTG

Key Points

• Robinhood Asset Management acquired 44,869 Entegris shares in the second quarter, valued at approximately $8.07 million. Several other institutional investors also increased or initiated positions in the semiconductor materials company.
• Analyst sentiment is broadly positive: Entegris has a consensus “Buy” rating and an average price target of $170.89, with several firms recently upgrading the stock.
• Entegris exceeded quarterly expectations, reporting $0.93 in EPS versus $0.82 forecast and $883.2 million in revenue, up 11.5% year over year. The company also issued third-quarter EPS guidance of $0.96–$1.04 and maintains a $0.10 quarterly dividend.

Robinhood Asset Management LLC acquired a new stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 44,869 shares of the semiconductor company's stock, valued at approximately $8,070,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in ENTG. Millstone Evans Group LLC increased its position in Entegris by 191.3% in the first quarter. Millstone Evans Group LLC now owns 268 shares of the semiconductor company's stock worth $31,000 after purchasing an additional 176 shares during the period. First Horizon Corp lifted its position in Entegris by 147.1% during the 1st 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 period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Entegris during the 4th quarter valued at about $29,000. Elevated Capital Advisors LLC bought a new position in shares of Entegris in the 1st quarter valued at about $44,000. Finally, Johnson Financial Group Inc. grew its position in shares of Entegris by 147.5% during the 4th quarter. Johnson Financial Group Inc. now owns 396 shares of the semiconductor company's stock worth $33,000 after buying an additional 236 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ENTG shares. Deutsche Bank Aktiengesellschaft raised shares of Entegris from a "hold" rating to a "buy" rating and raised their price objective for the company from $152.00 to $200.00 in a research note on Wednesday, August 12th. The Goldman Sachs Group upgraded shares of Entegris from a "sell" rating to a "buy" rating in a research report on Wednesday, August 12th. Freedom Capital upgraded Entegris to a "strong-buy" rating in a research report on Monday, August 3rd. UBS Group lifted their price objective on Entegris from $205.00 to $215.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. Finally, Oppenheimer reiterated an "outperform" rating and issued a $160.00 price objective on shares of Entegris in a report on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $170.89.

Entegris Stock Performance

Shares of Entegris stock opened at $143.66 on Friday. The stock's fifty day simple moving average is $147.98 and its 200 day simple moving average is $137.08. The company has a current ratio of 3.05, a quick ratio of 1.85 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $21.91 billion, a PE ratio of 72.19, a PEG ratio of 1.33 and a beta of 1.35. Entegris, Inc. has a 12 month low of $67.97 and a 12 month high of $186.94.

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

Entegris Dividend Announcement

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

Insider Buying and Selling at Entegris

In other Entegris news, SVP Clinton M. Haris sold 6,848 shares of the firm's stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $149.23, for a total transaction of $1,021,927.04. Following the sale, the senior vice president directly owned 54,961 shares in the company, valued at approximately $8,201,830.03. This trade represents a 11.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Susan G. Rice sold 2,062 shares of Entegris stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $149.52, for a total transaction of $308,310.24. Following the completion of the transaction, the senior vice president directly owned 66,976 shares in the company, valued at approximately $10,014,251.52. The trade was a 2.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 18,395 shares of company stock worth $2,808,134 in the last quarter. Company insiders own 0.53% of the company's stock.

Entegris Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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