UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 5.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 716,170 shares of the semiconductor company's stock after purchasing an additional 38,873 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.47% of Entegris worth $128,810,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. BlackRock Inc. bought a new position in shares of Entegris in the second quarter valued at $3,683,556,000. Primecap Management Co. CA bought a new stake in Entegris during the second quarter worth $562,141,000. Bank of America Corp DE bought a new stake in Entegris during the second quarter worth $489,403,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Entegris in the second quarter valued at $486,101,000. Finally, Invesco Ltd. grew its position in shares of Entegris by 183.5% in the 3rd quarter. Invesco Ltd. now owns 3,167,857 shares of the semiconductor company's stock valued at $292,900,000 after acquiring an additional 2,050,473 shares during the period.
Wall Street Analyst Weigh In
ENTG has been the subject of several research analyst reports. Mizuho boosted their target price on Entegris from $180.00 to $200.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft upgraded shares of Entegris from a "hold" rating to a "buy" rating and upped their price objective for the stock from $152.00 to $200.00 in a research report on Wednesday, August 12th. Zacks Research upgraded shares of Entegris from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 5th. UBS Group boosted their target price on shares of Entegris from $205.00 to $215.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Entegris in a report on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $170.89.
View Our Latest Report on ENTG
Entegris Trading Down 4.3%
Shares of ENTG stock opened at $129.51 on Wednesday. Entegris, Inc. has a 1-year low of $67.97 and a 1-year high of $186.94. The company has a current ratio of 3.05, a quick ratio of 1.85 and a debt-to-equity ratio of 0.83. The stock has a market cap of $19.75 billion, a price-to-earnings ratio of 65.08, a PEG ratio of 1.25 and a beta of 1.36. The stock has a 50-day moving average of $143.64 and a 200-day moving average of $138.00.
Entegris (NASDAQ:ENTG - Get Free Report) last announced its earnings results on Tuesday, August 4th. The semiconductor company reported $0.93 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.11. Entegris had a net margin of 9.18% and a return on equity of 12.25%. The business had revenue of $883.20 million during the quarter, compared to the consensus estimate of $835.79 million. During the same quarter last year, the firm earned $0.66 earnings per share. Entegris's quarterly revenue was up 11.5% on a year-over-year basis. Entegris has set its Q3 2026 guidance at 0.960-1.040 EPS. On average, equities research analysts forecast that Entegris, Inc. will post 3.91 earnings per share for the current year.
Entegris Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Shareholders of record on Wednesday, July 29th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Wednesday, July 29th. Entegris's payout ratio is presently 20.10%.
Insider Buying and Selling at Entegris
In other Entegris news, SVP Joseph Colella sold 3,916 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $164.48, for a total transaction of $644,103.68. Following the transaction, the senior vice president directly owned 50,297 shares in the company, valued at approximately $8,272,850.56. This represents a 7.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Susan G. Rice sold 2,062 shares of Entegris stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $149.52, for a total transaction of $308,310.24. Following the completion of the sale, the senior vice president owned 66,976 shares of the company's stock, valued at $10,014,251.52. This represents a 2.99% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 7,978 shares of company stock valued at $1,273,734. 0.53% of the stock is currently owned by company insiders.
Entegris Profile
(
Free Report)
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.
Further Reading
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