Russell Investments Group Ltd. Acquires 240,526 Shares of Entegris, Inc. $ENTG

Key Points

• Russell Investments Group Ltd. has significantly increased its stake in Entegris, Inc. by 159.7%, now owning approximately $34.48 million worth of shares in the semiconductor company.
• Entegris reported a quarterly earnings per share (EPS) of $0.66, exceeding expectations, with total revenue of $792.40 million, despite a 2.5% year-over-year decline.
• The company has declared a quarterly dividend of $0.10 per share, reflecting an annualized dividend yield of 0.5%, with a payout ratio of 20.62%.

Russell Investments Group Ltd. lifted its holdings in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 159.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 391,117 shares of the semiconductor company's stock after purchasing an additional 240,526 shares during the quarter. Russell Investments Group Ltd. owned about 0.26% of Entegris worth $34,476,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Costello Asset Management INC purchased a new position in Entegris in the first quarter valued at about $26,000. Central Pacific Bank Trust Division boosted its stake in shares of Entegris by 125.7% in the first 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 during the period. Quarry LP acquired a new stake in shares of Entegris during the fourth quarter worth $28,000. Neo Ivy Capital Management bought a new position in Entegris in the fourth quarter worth about $34,000. Finally, Curat Global LLC bought a new stake in shares of Entegris in the 1st quarter worth approximately $39,000.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ENTG shares. Needham & Company LLC restated a "buy" rating and set a $100.00 target price on shares of Entegris in a report on Tuesday, May 20th. UBS Group reduced their target price on Entegris from $95.00 to $90.00 and set a "neutral" rating for the company in a report on Thursday, July 31st. Mizuho boosted their price objective on Entegris from $90.00 to $98.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. KeyCorp reissued an "overweight" rating and issued a $103.00 target price (down from $112.00) on shares of Entegris in a research report on Thursday, July 31st. Finally, Citigroup decreased their price objective on shares of Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $106.44.

Insider Buying and Selling at Entegris

In other Entegris news, SVP Clinton M. Haris sold 3,627 shares of Entegris stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $90.00, for a total transaction of $326,430.00. Following the completion of the sale, the senior vice president owned 37,743 shares of the company's stock, valued at approximately $3,396,870. The trade was a 8.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction of $707,222.72. Following the transaction, the senior vice president 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,760 shares of company stock worth $1,053,513. Company insiders own 0.67% of the company's stock.

Entegris Stock Performance

ENTG traded up $1.4860 on Tuesday, hitting $79.8960. 850,436 shares of the stock traded hands, compared to its average volume of 3,297,753. The business has a fifty day moving average price of $82.08 and a two-hundred day moving average price of $84.74. 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 firm has a market capitalization of $12.11 billion, a PE ratio of 41.19 and a beta of 1.22. Entegris, Inc. has a 52 week low of $60.75 and a 52 week high of $119.95.

Entegris (NASDAQ:ENTG - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, beating 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 analysts' expectations of $753.85 million. During the same period in the previous year, the business posted $0.71 earnings per share. Entegris's quarterly revenue was down 2.5% on a year-over-year basis. Entegris has set its Q3 2025 guidance at 0.680-0.700 EPS. On average, research analysts predict that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 20th. Shareholders of record on Wednesday, July 30th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, July 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. Entegris's payout ratio is currently 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).