Southeast Asset Advisors LLC Trims Holdings in Entegris, Inc. $ENTG

Key Points

• Southeast Asset Advisors LLC has reduced its position in Entegris, Inc. by 13.2%, now holding 20,195 shares valued at approximately $1.77 million.
• Analysts have mixed views on Entegris, with Goldman Sachs issuing a "neutral" rating and a price target of $85.00, while Mizuho raised its target to $98.00 with an "outperform" rating.
• Entegris reported earnings of $0.66 per share, surpassing estimates, but experienced a 2.5% decline in revenue year-over-year.

Southeast Asset Advisors LLC decreased its position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 13.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 20,195 shares of the semiconductor company's stock after selling 3,075 shares during the period. Southeast Asset Advisors LLC's holdings in Entegris were worth $1,767,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Entegris by 2.3% in the first quarter. Vanguard Group Inc. now owns 15,553,199 shares of the semiconductor company's stock worth $1,360,594,000 after purchasing an additional 351,053 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Entegris by 21.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,555,677 shares of the semiconductor company's stock valued at $1,185,852,000 after acquiring an additional 2,361,065 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Entegris by 235.8% during the first quarter. Principal Financial Group Inc. now owns 5,014,198 shares of the semiconductor company's stock valued at $438,642,000 after buying an additional 3,520,997 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Entegris by 16.5% during the 4th quarter. Ameriprise Financial Inc. now owns 2,199,161 shares of the semiconductor company's stock valued at $217,850,000 after acquiring an additional 312,042 shares during the last quarter. Finally, Durable Capital Partners LP grew its stake in shares of Entegris by 16.5% in the 4th quarter. Durable Capital Partners LP now owns 2,033,219 shares of the semiconductor company's stock worth $201,411,000 after buying an additional 288,213 shares in the last quarter.

Entegris Trading Down 0.2%

NASDAQ:ENTG traded down $0.14 on Thursday, reaching $83.86. The company's stock had a trading volume of 4,019,458 shares, compared to its average volume of 3,305,198. The stock has a 50 day moving average price of $82.92 and a 200 day moving average price of $84.02. Entegris, Inc. has a 12-month low of $60.75 and a 12-month high of $117.88. 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 firm has a market cap of $12.71 billion, a price-to-earnings ratio of 43.23 and a beta of 1.22.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its earnings results on Wednesday, July 30th. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.01. Entegris had a return on equity of 12.05% and a net margin of 9.17%.The firm had revenue of $792.40 million for the quarter, compared to analyst estimates of $753.85 million. During the same quarter in the prior year, the company earned $0.71 EPS. Entegris's 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, equities analysts anticipate that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Wednesday, July 30th were paid 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 currently 20.62%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ENTG shares. Citigroup lowered their target price on shares of Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Needham & Company LLC restated a "buy" rating and issued a $100.00 price target on shares of Entegris in a report on Tuesday, May 20th. The Goldman Sachs Group assumed 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. Mizuho increased their price objective on Entegris from $90.00 to $98.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. Finally, UBS Group lowered their target price 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. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Entegris currently has a consensus rating of "Moderate Buy" and an average target price of $106.44.

Insider Activity

In other Entegris news, SVP Susan G. Rice sold 8,858 shares of Entegris stock in a transaction that occurred 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 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 this hyperlink. Also, SVP Clinton M. Haris sold 3,627 shares of the company's stock in a transaction 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 transaction, 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 disclosure for this sale can be found here. 0.67% of the stock is currently owned by insiders.

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).