Wellington Management Group LLP Cuts Stake in Entegris, Inc. $ENTG

Key Points

• Wellington Management Group LLP sold 26,041 shares of Entegris, Inc. in Q1, reducing its holdings by 8.2%, leaving them with 291,874 shares valued at approximately $25.5 million.
• Entegris recently reported Q2 earnings of $0.66 per share, exceeding analyst expectations, but experienced a 2.5% decline in revenue compared to the previous year.
• The company declared a quarterly dividend of $0.10 per share, reflecting an annualized yield of 0.5%, and has a dividend payout ratio of 20.62%.

Wellington Management Group LLP reduced its stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 8.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 291,874 shares of the semiconductor company's stock after selling 26,041 shares during the period. Wellington Management Group LLP owned approximately 0.19% of Entegris worth $25,533,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Personal CFO Solutions LLC lifted its position in Entegris by 6.0% during the first quarter. Personal CFO Solutions LLC now owns 2,466 shares of the semiconductor company's stock valued at $216,000 after purchasing an additional 140 shares during the period. First Hawaiian Bank lifted its position in Entegris by 0.9% during the first quarter. First Hawaiian Bank now owns 15,786 shares of the semiconductor company's stock valued at $1,381,000 after purchasing an additional 143 shares during the period. Ensign Peak Advisors Inc lifted its position in Entegris by 0.3% during the fourth quarter. Ensign Peak Advisors Inc now owns 53,230 shares of the semiconductor company's stock valued at $5,273,000 after purchasing an additional 150 shares during the period. Evexia Wealth LLC lifted its position in Entegris by 6.3% during the first quarter. Evexia Wealth LLC now owns 2,798 shares of the semiconductor company's stock valued at $245,000 after purchasing an additional 166 shares during the period. Finally, Central Pacific Bank Trust Division lifted its position in Entegris by 125.7% during the first quarter. Central Pacific Bank Trust Division now owns 307 shares of the semiconductor company's stock valued at $27,000 after purchasing an additional 171 shares during the period.

Insider Activity at Entegris

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

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. KeyCorp restated an "overweight" rating and set a $103.00 target price (down from $112.00) on shares of Entegris in a research report on Thursday, July 31st. The Goldman Sachs Group started coverage on shares of Entegris in a research note on Thursday, July 10th. They set a "neutral" rating and a $85.00 target price for the company. Wall Street Zen cut shares of Entegris from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. UBS Group cut their target price on shares of Entegris from $95.00 to $90.00 and set a "neutral" rating for the company in a research note on Thursday, July 31st. Finally, Needham & Company LLC reissued a "buy" rating and set a $100.00 target price on shares of Entegris in a research note on Tuesday, May 20th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $106.44.

Entegris Trading Down 0.2%

NASDAQ:ENTG traded down $0.14 on Thursday, hitting $83.86. The stock had a trading volume of 4,019,582 shares, compared to its average volume of 2,914,909. The company has a quick ratio of 1.95, a current ratio of 3.30 and a debt-to-equity ratio of 1.04. The stock has a market cap of $12.71 billion, a price-to-earnings ratio of 43.23 and a beta of 1.22. The company has a fifty day moving average price of $83.07 and a two-hundred day moving average price of $83.86. Entegris, Inc. has a 1-year low of $60.75 and a 1-year high of $117.88.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its 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. The company 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 previous year, the business posted $0.71 EPS. Entegris has set its Q3 2025 guidance at 0.680-0.700 EPS. Equities research analysts expect that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Wednesday, July 30th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Wednesday, July 30th. Entegris's dividend 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).