Van ECK Associates Corp reduced its stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 13.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,357,023 shares of the semiconductor company's stock after selling 217,884 shares during the period. Van ECK Associates Corp owned 0.89% of Entegris worth $244,074,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in ENTG. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Entegris by 0.3% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 31,400 shares of the semiconductor company's stock valued at $2,645,000 after buying an additional 100 shares in the last quarter. Parvin Asset Management LLC boosted its holdings in Entegris by 19.2% in the first quarter. Parvin Asset Management LLC now owns 745 shares of the semiconductor company's stock worth $87,000 after acquiring an additional 120 shares in the last quarter. Lido Advisors LLC grew its stake in Entegris by 1.5% in the first quarter. Lido Advisors LLC now owns 8,542 shares of the semiconductor company's stock valued at $1,002,000 after acquiring an additional 125 shares during the period. Northwestern Mutual Investment Management Company LLC grew its stake in Entegris by 0.4% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 33,918 shares of the semiconductor company's stock valued at $2,858,000 after acquiring an additional 127 shares during the period. Finally, Resona Asset Management Co. Ltd. increased its holdings in shares of Entegris by 0.3% during the first quarter. Resona Asset Management Co. Ltd. now owns 44,907 shares of the semiconductor company's stock valued at $5,199,000 after acquiring an additional 128 shares in the last quarter.
Entegris Price Performance
Shares of NASDAQ:ENTG opened at $134.92 on Friday. 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 $20.58 billion, a PE ratio of 67.80, a price-to-earnings-growth ratio of 1.34 and a beta of 1.35. The stock's fifty day simple moving average is $145.39 and its two-hundred day simple moving average is $137.93. Entegris, Inc. has a 1-year low of $67.97 and a 1-year high of $186.94.
Entegris (NASDAQ:ENTG - Get Free Report) last announced its earnings results on Tuesday, August 4th. The semiconductor company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.82 by $0.11. Entegris had a net margin of 9.18% and a return on equity of 12.25%. The company had revenue of $883.20 million during the quarter, compared to the consensus estimate of $835.79 million. During the same quarter in the prior year, the company posted $0.66 earnings per share. The firm's revenue for the quarter was up 11.5% on a year-over-year basis. Entegris has set its Q3 2026 guidance at 0.960-1.040 EPS. As a group, analysts forecast that Entegris, Inc. will post 3.91 EPS for the current fiscal year.
Entegris Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Wednesday, July 29th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Wednesday, July 29th. Entegris's payout ratio is presently 20.10%.
Analysts Set New Price Targets
A number of brokerages have commented on ENTG. The Goldman Sachs Group upgraded shares of Entegris from a "sell" rating to a "buy" rating in a research note on Wednesday, August 12th. Needham & Company LLC boosted their target price on shares of Entegris from $165.00 to $170.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Wall Street Zen lowered shares of Entegris from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 8th. Freedom Capital raised shares of Entegris to a "strong-buy" rating in a research report on Monday, August 3rd. Finally, Zacks Research upgraded Entegris from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $170.89.
Check Out Our Latest Analysis on Entegris
Insider Activity at Entegris
In other Entegris news, insider Olivier Blachier sold 2,000 shares of Entegris stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $160.66, for a total value of $321,320.00. Following the sale, the insider owned 34,997 shares of the company's stock, valued at approximately $5,622,618.02. The trade was a 5.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Susan G. Rice sold 2,062 shares of the business's stock in a transaction dated 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 transaction, the senior vice president owned 66,976 shares in the company, valued at approximately $10,014,251.52. The trade was a 2.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 11,547 shares of company stock valued at $1,786,207 over the last quarter. Corporate insiders own 0.53% of the company's stock.
Entegris Company 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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