Swedbank AB Raises Stake in Entegris, Inc. $ENTG

Key Points

• Swedbank AB has increased its stake in Entegris, Inc. by 2.1%, now owning 1,583,657 shares valued at approximately $138.5 million.
• Entegris reported Q2 earnings per share (EPS) of $0.66, surpassing analysts' expectations, although revenue declined by 2.5% year-over-year.
• The company declared a quarterly dividend of $0.10 per share with an annualized yield of 0.5%, reflecting a payout ratio of 20.62%.

Swedbank AB boosted its holdings in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 2.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,583,657 shares of the semiconductor company's stock after acquiring an additional 32,715 shares during the period. Swedbank AB owned 1.05% of Entegris worth $138,538,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ENTG. Principal Financial Group Inc. lifted its position in Entegris by 235.8% during the 1st quarter. Principal Financial Group Inc. now owns 5,014,198 shares of the semiconductor company's stock valued at $438,642,000 after acquiring an additional 3,520,997 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Entegris by 21.1% during 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 period. TPG GP A LLC purchased a new position in Entegris during the 4th quarter valued at about $115,639,000. Durable Capital Partners LP lifted its position in Entegris by 43.3% during the 1st quarter. Durable Capital Partners LP now owns 2,914,417 shares of the semiconductor company's stock valued at $254,953,000 after acquiring an additional 881,198 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in Entegris by 40.4% in the first quarter. Goldman Sachs Group Inc. now owns 2,759,296 shares of the semiconductor company's stock worth $241,383,000 after buying an additional 794,222 shares during the last quarter.

Entegris Stock Performance

Shares of ENTG stock opened at $83.53 on Friday. The company has a 50 day moving average price of $83.06 and a 200-day moving average price of $82.15. Entegris, Inc. has a 52 week low of $60.75 and a 52 week high of $117.88. The firm has a market capitalization of $12.66 billion, a PE ratio of 43.06 and a beta of 1.29. The company has a quick ratio of 1.95, a current ratio of 3.30 and a debt-to-equity ratio of 1.04.

Entegris (NASDAQ:ENTG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $0.66 EPS for the quarter, topping 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 firm had revenue of $792.40 million during the quarter, compared to analyst estimates of $753.85 million. During the same period in the previous year, the business posted $0.71 earnings per share. The business's revenue for the quarter 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 expect that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Wednesday, July 30th were paid a $0.10 dividend. The ex-dividend date was 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%.

Analyst Ratings Changes

Several brokerages have issued reports on ENTG. KeyCorp reaffirmed an "overweight" rating and issued a $103.00 target price (down from $112.00) on shares of Entegris in a report on Thursday, July 31st. Mizuho lifted their target price on shares of Entegris from $90.00 to $98.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. The Goldman Sachs Group began coverage on shares of Entegris in a report on Thursday, July 10th. They issued a "neutral" rating and a $85.00 target price for the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $100.00 target price on shares of Entegris in a report on Tuesday, May 20th. Finally, UBS Group decreased their target price on shares of Entegris from $95.00 to $90.00 and set a "neutral" rating for the company in a report on Thursday, July 31st. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $105.30.

Insider Buying and Selling

In other news, SVP Clinton M. Haris sold 3,627 shares of Entegris stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $90.00, for a total value of $326,430.00. Following the completion of the sale, the senior vice president directly owned 37,743 shares in the company, valued at $3,396,870. The trade was a 8.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 sale, the senior vice president owned 56,912 shares of the company's stock, valued at $4,543,854.08. This trade represents a 13.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.67% 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).

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