Oppenheimer Asset Management Inc. Makes New $11.55 Million Investment in Entegris, Inc. $ENTG

Oppenheimer Asset Management Inc. purchased a new position in shares of Entegris, Inc. (NASDAQ:ENTGFree Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 64,212 shares of the semiconductor company’s stock, valued at approximately $11,549,000.

Other large investors also recently modified their holdings of the company. Invesco Ltd. grew its position in Entegris by 183.5% during the 3rd quarter. Invesco Ltd. now owns 3,167,857 shares of the semiconductor company’s stock worth $292,900,000 after acquiring an additional 2,050,473 shares during the last quarter. Norges Bank acquired a new position in Entegris in the 4th quarter worth about $158,669,000. Duquesne Family Office LLC bought a new position in Entegris in the second quarter valued at about $132,741,000. Rafferty Asset Management LLC raised its position in Entegris by 64.4% in the second quarter. Rafferty Asset Management LLC now owns 1,970,734 shares of the semiconductor company’s stock valued at $158,940,000 after purchasing an additional 771,650 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Entegris by 31.2% during the second quarter. Bank of America Corp DE now owns 3,031,048 shares of the semiconductor company’s stock valued at $244,454,000 after purchasing an additional 720,467 shares in the last quarter.

Entegris Trading Down 1.3%

NASDAQ ENTG opened at $161.76 on Friday. The business’s 50-day moving average price is $146.89 and its two-hundred day moving average price is $136.04. Entegris, Inc. has a 12 month low of $67.97 and a 12 month high of $186.94. The firm has a market capitalization of $24.67 billion, a PE ratio of 81.29, a price-to-earnings-growth ratio of 1.51 and a beta of 1.35. The company has a current ratio of 3.05, a quick ratio of 1.85 and a debt-to-equity ratio of 0.83.

Entegris (NASDAQ:ENTGGet Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The semiconductor company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. The company had revenue of $883.20 million during the quarter, compared to the consensus estimate of $835.79 million. Entegris had a return on equity of 12.25% and a net margin of 9.18%.The firm’s revenue was up 11.5% compared to the same quarter last year. During the same period last year, the company earned $0.66 earnings per share. Entegris has set its Q3 2026 guidance at 0.960-1.040 EPS. On average, analysts expect that Entegris, Inc. will post 3.91 EPS for the current year.

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Wednesday, July 29th will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, July 29th. This represents a $0.40 annualized dividend and a yield of 0.2%. Entegris’s dividend payout ratio (DPR) is presently 20.10%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Wall Street Zen cut Entegris from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Entegris in a report on Monday, August 3rd. Oppenheimer reiterated an “outperform” rating and set a $160.00 target price on shares of Entegris in a research report on Friday, May 1st. 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 report on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Entegris from a “hold” rating to a “buy” rating and upped their price target for the company from $152.00 to $200.00 in a research report on Wednesday. Two investment 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. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $170.89.

View Our Latest Stock Report on ENTG

Insider Activity

In other news, SVP Clinton M. Haris sold 6,848 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $149.23, for a total value of $1,021,927.04. Following the sale, the senior vice president directly owned 54,961 shares of the company’s stock, valued at approximately $8,201,830.03. This represents a 11.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Joseph Colella sold 3,916 shares of the stock in a transaction 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 sale, the senior vice president owned 50,297 shares of the company’s stock, valued at approximately $8,272,850.56. This trade represents a 7.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 16,395 shares of company stock worth $2,486,814 in the last 90 days. 0.53% of the stock is owned by company insiders.

About Entegris

(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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Institutional Ownership by Quarter for Entegris (NASDAQ:ENTG)

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