Tran Capital Management L.P. Sells 102,037 Shares of Entegris, Inc. $ENTG

Key Points

• Tran Capital Management L.P. significantly decreased its stake in Entegris, Inc., selling 102,037 shares and holding only 9,230 shares valued at $744,000 by the end of the last quarter.
• Several hedge funds, including Mackenzie Financial Corp and New York State Teachers Retirement System, either boosted their positions or initiated new investments in Entegris during recent quarters.
• Entegris reported a 0.66 EPS for the last quarter, surpassing estimates, but experienced a 2.5% year-over-year revenue decline, with analysts predicting an average price target of $105.30 for the stock.

Tran Capital Management L.P. reduced its stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 91.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,230 shares of the semiconductor company's stock after selling 102,037 shares during the quarter. Tran Capital Management L.P.'s holdings in Entegris were worth $744,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Mackenzie Financial Corp boosted its stake in Entegris by 61.4% in the first quarter. Mackenzie Financial Corp now owns 8,891 shares of the semiconductor company's stock valued at $778,000 after acquiring an additional 3,382 shares during the last quarter. Compass Wealth Management LLC bought a new position in Entegris in the first quarter valued at approximately $1,614,000. Sequoia Financial Advisors LLC boosted its stake in Entegris by 11.5% in the first quarter. Sequoia Financial Advisors LLC now owns 2,767 shares of the semiconductor company's stock valued at $242,000 after acquiring an additional 285 shares during the last quarter. Sarasin & Partners LLP bought a new position in Entegris in the first quarter valued at approximately $1,544,000. Finally, New York State Teachers Retirement System bought a new position in Entegris in the first quarter valued at approximately $4,870,000.

Analysts Set New Price Targets

A number of brokerages have issued reports on ENTG. KeyCorp reaffirmed an "overweight" rating and issued a $103.00 price objective (down from $112.00) on shares of Entegris in a research note on Thursday, July 31st. Mizuho lifted their price target on shares of Entegris from $90.00 to $98.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Wall Street Zen cut shares of Entegris from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. The Goldman Sachs Group initiated coverage on shares of Entegris in a research report on Thursday, July 10th. They set a "neutral" rating and a $85.00 price target on the stock. Finally, UBS Group reduced their price target on shares of Entegris from $95.00 to $90.00 and set a "neutral" rating on the stock in a research report on Thursday, July 31st. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Entegris currently has an average rating of "Moderate Buy" and an average price target of $105.30.

Insider Buying and Selling

In other Entegris 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 transaction 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 document filed with the SEC, which is available through this hyperlink. Also, 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 directly owned 56,912 shares in the company, 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. 0.67% of the stock is currently owned by company insiders.

Entegris Trading Down 2.8%

ENTG opened at $93.32 on Friday. The stock has a market cap of $14.15 billion, a PE ratio of 48.10 and a beta of 1.29. Entegris, Inc. has a twelve month low of $60.75 and a twelve month high of $117.88. The company has a fifty day moving average of $83.70 and a 200-day moving average of $81.68. 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 issued 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. The business had revenue of $792.40 million for the quarter, compared to analyst estimates of $753.85 million. Entegris had a net margin of 9.17% and a return on equity of 12.05%. Entegris's revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.71 earnings per share. Entegris has set its Q3 2025 guidance at 0.680-0.700 EPS. On average, sell-side analysts predict that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 0.4%. Entegris's dividend payout ratio (DPR) is presently 20.62%.

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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