Styrax Capital LP Purchases Shares of 75,000 Entegris, Inc. $ENTG

Key Points

• Styrax Capital purchased 75,000 Entegris shares worth approximately $13.49 million, while several other institutional investors also increased or initiated positions.
• Entegris exceeded quarterly expectations, reporting $0.93 EPS versus the $0.82 consensus and revenue of $883.2 million, up 11.5% year over year. The company guided for third-quarter EPS of $0.96–$1.04.
• Analysts maintain a consensus “Buy” rating with a $170.89 price target, although insiders sold 7,978 shares worth approximately $1.27 million over the past 90 days.

Styrax Capital LP purchased a new position in Entegris, Inc. (NASDAQ:ENTG - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 75,000 shares of the semiconductor company's stock, valued at approximately $13,490,000. Entegris comprises approximately 0.9% of Styrax Capital LP's holdings, making the stock its 16th largest position.

Several other institutional investors and hedge funds have also made changes to their positions in ENTG. HB Wealth Management LLC lifted its position in Entegris by 7.8% during the 2nd quarter. HB Wealth Management LLC now owns 2,989 shares of the semiconductor company's stock worth $538,000 after acquiring an additional 215 shares during the period. Saudi Central Bank grew its stake in Entegris by 90.4% during the 2nd quarter. Saudi Central Bank now owns 10,657 shares of the semiconductor company's stock valued at $1,917,000 after purchasing an additional 5,061 shares during the last quarter. Compass Financial Management LLC acquired a new position in shares of Entegris in the second quarter valued at about $354,000. Odyssean LLC acquired a new position in shares of Entegris in the second quarter valued at about $246,000. Finally, Knollwood Investment Advisory LLC raised its stake in shares of Entegris by 3.7% in the second quarter. Knollwood Investment Advisory LLC now owns 23,421 shares of the semiconductor company's stock worth $4,213,000 after purchasing an additional 826 shares during the last quarter.

Insider Buying and Selling

In other Entegris news, SVP Susan G. Rice sold 2,062 shares of the firm's stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $149.52, for a total value of $308,310.24. Following the sale, the senior vice president directly owned 66,976 shares of the company's stock, valued at approximately $10,014,251.52. This trade represents a 2.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Joseph Colella sold 3,916 shares of the business's stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $164.48, for a total value of $644,103.68. Following the completion of the sale, the senior vice president owned 50,297 shares of the company's stock, valued at $8,272,850.56. This trade represents a 7.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 7,978 shares of company stock valued at $1,273,734. 0.53% of the stock is owned by company insiders.

Entegris Price Performance

Shares of NASDAQ ENTG opened at $138.74 on Friday. The stock has a market capitalization of $21.16 billion, a price-to-earnings ratio of 69.72, a PEG ratio of 1.28 and a beta of 1.37. Entegris, Inc. has a 12 month low of $67.97 and a 12 month high of $186.94. The firm's 50 day simple moving average is $141.50 and its 200-day simple moving average is $138.00. The company has a debt-to-equity ratio of 0.83, a current ratio of 3.05 and a quick ratio of 1.85.

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

Entegris Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on ENTG shares. The Goldman Sachs Group raised Entegris from a "sell" rating to a "buy" rating in a report on Wednesday, August 12th. Zacks Research raised shares of Entegris from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 5th. Mizuho lifted their price objective on shares of Entegris from $180.00 to $200.00 and gave the company an "outperform" rating in a research note on Wednesday, July 1st. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Entegris in a report on Monday, August 3rd. Finally, BMO Capital Markets upped their price objective on shares of Entegris from $153.00 to $167.00 and gave the company an "outperform" rating in a report on Monday, July 6th. 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 company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $170.89.

About Entegris

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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