Entegris (NASDAQ:ENTG) Shares Climb 5.2% - Here's What Happened

Key Points

• Entegris shares rose 5.2% to about $145.90 in midday trading, although volume was roughly 96% below the average session level.
• Analyst sentiment remains positive, with a consensus “Buy” rating and an average price target of $178.33; Mizuho and Deutsche Bank both raised their targets to $200.
• The company exceeded quarterly expectations, reporting $0.93 in EPS and $883.2 million in revenue, while revenue increased 11.5% year over year. Entegris also declared a $0.10 quarterly dividend, yielding approximately 0.3%.

Entegris, Inc. (NASDAQ:ENTG - Get Free Report)'s stock price was up 5.2% during mid-day trading on Monday. The stock traded as high as $146.93 and last traded at $145.8980. 126,783 shares were traded during mid-day trading, a decline of 96% from the average session volume of 2,824,241 shares. The stock had previously closed at $138.74.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Mizuho raised their price target on Entegris from $180.00 to $200.00 and gave the company an "outperform" rating in a research report on Wednesday, July 1st. Zacks Research cut shares of Entegris from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 7th. The Goldman Sachs Group upgraded shares of Entegris from a "sell" rating to a "buy" rating in a research report on Wednesday, August 12th. Needham & Company LLC boosted their price target on shares of Entegris from $165.00 to $170.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Entegris from a "hold" rating to a "buy" rating and boosted their price target for the stock from $152.00 to $200.00 in a research note on Wednesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $178.33.

Entegris Stock Up 7.1%

The stock's 50 day simple moving average is $147.53 and its two-hundred day simple moving average is $143.76. The firm has a market cap of $22.66 billion, a P/E ratio of 74.58, a P/E/G ratio of 1.27 and a beta of 1.40. The company has a debt-to-equity ratio of 0.83, a current ratio of 3.05 and a quick ratio of 1.85.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The semiconductor company reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.82 by $0.11. Entegris had a return on equity of 12.25% and a net margin of 9.18%. The firm had revenue of $883.20 million for the quarter, compared to analysts' expectations of $835.79 million. During the same period in the previous year, the firm posted $0.66 EPS. The business's revenue for the quarter was up 11.5% compared to the same quarter last year. Entegris has set its Q3 2026 guidance at 0.960-1.040 EPS. As a group, research analysts forecast that Entegris, Inc. will post 3.93 earnings per share for the current year.

Entegris Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 18th. Shareholders of record on Wednesday, October 28th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Wednesday, October 28th. Entegris's payout ratio is 20.10%.

Insider Transactions at Entegris

In related news, SVP Susan G. Rice sold 2,062 shares of the 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 sale, the senior vice president directly owned 66,976 shares of the company's stock, valued at approximately $10,014,251.52. This represents a 2.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Olivier Blachier sold 2,000 shares of the firm's stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $160.66, for a total transaction 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. This represents a 5.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 7,978 shares of company stock valued at $1,273,734. Insiders own 0.53% of the company's stock.

Institutional Investors Weigh In On Entegris

A number of institutional investors have recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in Entegris during the 2nd quarter valued at $3,683,556,000. Principal Financial Group Inc. raised its stake in shares of Entegris by 1.2% in the first quarter. Principal Financial Group Inc. now owns 5,885,239 shares of the semiconductor company's stock worth $689,990,000 after purchasing an additional 68,152 shares during the last quarter. Primecap Management Co. CA bought a new position in shares of Entegris during the second quarter valued at $562,141,000. Bank of America Corp DE bought a new position in shares of Entegris during the second quarter valued at $489,403,000. Finally, Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Entegris during the second quarter valued at $486,101,000.

Entegris Company Profile

Entegris, Inc is a materials science and process technology company that supplies products and solutions used in the manufacture of semiconductors and other advanced technology products. Its offerings help chipmakers manage contamination, handle sensitive materials, and improve process control across the semiconductor production cycle.

The company's products include specialty chemicals and gases, filtration and purification systems, wafer and substrate handling products, fluid-management components, and advanced materials used in semiconductor fabrication.

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