Truist Financial Corp Cuts Stake in Entegris, Inc. $ENTG

Key Points

• Truist Financial Corp reduced its stake in Entegris, Inc. by 15.7% during the second quarter, selling 9,698 shares and now holding 52,193 shares valued at approximately $4.21 million.
• Several institutional investors, including Mackenzie Financial Corp and New York State Teachers Retirement System, have recently increased their holdings in Entegris, indicating a mixed sentiment among shareholders.
• Entegris reported a net margin of 9.17% and beat earnings estimates with $0.66 per share for the latest quarter, despite a decline in revenue compared to the previous year.

Truist Financial Corp reduced its stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 15.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,193 shares of the semiconductor company's stock after selling 9,698 shares during the period. Truist Financial Corp's holdings in Entegris were worth $4,209,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Mackenzie Financial Corp grew its position in Entegris by 61.4% during the 1st quarter. Mackenzie Financial Corp now owns 8,891 shares of the semiconductor company's stock valued at $778,000 after purchasing an additional 3,382 shares during the last quarter. Compass Wealth Management LLC purchased a new stake in shares of Entegris during the first quarter valued at approximately $1,614,000. Sequoia Financial Advisors LLC grew its holdings in shares of Entegris by 11.5% during the first quarter. Sequoia Financial Advisors LLC now owns 2,767 shares of the semiconductor company's stock valued at $242,000 after buying an additional 285 shares during the last quarter. New York State Teachers Retirement System purchased a new stake in shares of Entegris during the first quarter valued at approximately $4,870,000. Finally, Ground Swell Capital LLC purchased a new stake in shares of Entegris during the first quarter valued at approximately $330,000.

Insider Transactions at Entegris

In related 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 sale, the senior vice president owned 37,743 shares of the company's stock, valued at $3,396,870. This represents a 8.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Susan G. Rice sold 8,858 shares of the company'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 value of $707,222.72. Following the sale, the senior vice president owned 56,912 shares in the company, valued at approximately $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 insiders.

Analysts Set New Price Targets

Several brokerages have commented on ENTG. UBS Group cut their target price on Entegris from $95.00 to $90.00 and set a "neutral" rating on the stock in a research note on Thursday, July 31st. Zacks Research raised Entegris from a "strong sell" rating to a "hold" rating in a research report on Friday, October 3rd. Oppenheimer initiated coverage on Entegris in a research report on Thursday, September 4th. They set a "market perform" rating and a $95.00 price objective on the stock. KeyCorp reiterated an "overweight" rating and issued a $103.00 price target (down from $112.00) on shares of Entegris in a research note on Thursday, July 31st. Finally, Wall Street Zen upgraded shares of Entegris from a "sell" rating to a "hold" rating in a research note on Friday, October 3rd. Seven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $106.30.

Entegris Price Performance

NASDAQ ENTG opened at $94.56 on Thursday. The company has a market capitalization of $14.34 billion, a PE ratio of 48.74 and a beta of 1.38. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.95 and a current ratio of 3.30. The business's fifty day moving average is $85.06 and its 200 day moving average is $81.48. Entegris, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $112.36.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.01. Entegris had a net margin of 9.17% and a return on equity of 12.05%. The business had revenue of $792.40 million for the quarter, compared to the consensus estimate of $753.85 million. During the same quarter in the previous year, the firm earned $0.71 earnings per share. The company'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. Sell-side analysts predict that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Wednesday, July 30th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Wednesday, July 30th. Entegris's payout ratio is currently 20.62%.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.