Select Equity Group L.P. Buys 263,168 Shares of Entegris, Inc. $ENTG

Key Points

• Select Equity Group L.P. has increased its stake in Entegris, Inc. by 6.9%, holding approximately 4,074,232 shares valued at $356.41 million.
• Entegris recently reported quarterly earnings that exceeded analysts' expectations, with earnings per share of $0.66 and revenue of $792.4 million, despite a 2.5% decline compared to the previous year.
• Total insider ownership of Entegris is at 0.67%, with recent transactions seeing senior vice presidents reducing their holdings by up to 13.47%.

Select Equity Group L.P. increased its position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 6.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,074,232 shares of the semiconductor company's stock after purchasing an additional 263,168 shares during the quarter. Entegris makes up approximately 1.5% of Select Equity Group L.P.'s holdings, making the stock its 23rd biggest holding. Select Equity Group L.P. owned approximately 2.69% of Entegris worth $356,414,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Costello Asset Management INC bought a new stake in Entegris during the 1st quarter worth about $26,000. Rise Advisors LLC acquired a new stake in shares of Entegris in the 1st quarter valued at approximately $26,000. Central Pacific Bank Trust Division raised its holdings in Entegris by 125.7% during the 1st quarter. Central Pacific Bank Trust Division now owns 307 shares of the semiconductor company's stock worth $27,000 after buying an additional 171 shares during the period. Neo Ivy Capital Management acquired a new stake in Entegris during the 4th quarter worth approximately $34,000. Finally, Summit Securities Group LLC acquired a new stake in Entegris during the 1st quarter worth approximately $36,000.

Wall Street Analysts Forecast Growth

Several research analysts recently commented 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. The Goldman Sachs Group started coverage on shares of Entegris in a research note on Thursday, July 10th. They issued a "neutral" rating and a $85.00 price target for the company. UBS Group cut their price target 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. Wall Street Zen lowered shares of Entegris from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Finally, Oppenheimer assumed coverage on shares of Entegris in a research report on Thursday, September 4th. They issued a "market perform" rating and a $95.00 price objective on the stock. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $105.30.

Entegris Trading Down 1.1%

ENTG traded down $0.92 during trading on Tuesday, reaching $81.22. 1,249,753 shares of the company's stock were exchanged, compared to its average volume of 2,403,847. Entegris, Inc. has a one year low of $60.75 and a one year high of $117.88. 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 stock has a market capitalization of $12.31 billion, a PE ratio of 41.87 and a beta of 1.29. The firm has a fifty day moving average price of $83.26 and a two-hundred day moving average price of $82.30.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $0.66 EPS 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 company had revenue of $792.40 million for the quarter, compared to analyst estimates of $753.85 million. During the same period in the prior year, the firm posted $0.71 EPS. The company'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. As a group, equities research analysts forecast that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

The firm 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. The ex-dividend date was Wednesday, July 30th. This represents a $0.40 annualized dividend and a yield of 0.5%. Entegris's dividend payout ratio is presently 20.62%.

Insider Buying and Selling at Entegris

In other Entegris news, SVP Clinton M. Haris sold 3,627 shares of the company's 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 transaction, the senior vice president owned 37,743 shares in the company, valued at approximately $3,396,870. This represents a 8.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Susan G. Rice sold 8,858 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $79.84, for a total transaction of $707,222.72. Following the completion of the sale, 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. Corporate insiders own 0.61% of the company's stock.

Entegris Company 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).