Harber Asset Management LLC acquired a new position in Entegris, Inc. (NASDAQ:ENTG – Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 10,000 shares of the semiconductor company’s stock, valued at approximately $1,799,000.
Several other large investors also recently added to or reduced their stakes in ENTG. Norges Bank bought a new position in Entegris in the 4th quarter worth about $158,669,000. Legal & General Group Plc boosted its position in shares of Entegris by 2.6% during the 4th quarter. Legal & General Group Plc now owns 494,491 shares of the semiconductor company’s stock valued at $41,661,000 after acquiring an additional 12,348 shares during the last quarter. Natixis Advisors LLC boosted its position in shares of Entegris by 15.0% during the 4th quarter. Natixis Advisors LLC now owns 420,758 shares of the semiconductor company’s stock valued at $35,449,000 after acquiring an additional 54,973 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Entegris by 122.0% during the fourth quarter. BNP Paribas Financial Markets now owns 455,882 shares of the semiconductor company’s stock worth $38,408,000 after purchasing an additional 250,574 shares in the last quarter. Finally, Wilson Asset Management International PTY Ltd. purchased a new position in shares of Entegris during the fourth quarter worth about $2,732,000.
Insider Buying and Selling
In related news, insider Olivier Blachier sold 2,000 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $160.66, for a total transaction of $321,320.00. Following the transaction, the insider owned 34,997 shares of the company’s stock, valued at approximately $5,622,618.02. This trade represents a 5.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 Entegris stock in a transaction on Tuesday, August 11th. The stock was 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 position. The SEC filing for this sale provides additional information. Insiders have sold 18,395 shares of company stock worth $2,808,134 in the last ninety days. 0.53% of the stock is currently owned by insiders.
Entegris Price Performance
Entegris (NASDAQ:ENTG – Get Free Report) last released 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. 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%.Entegris’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS. Entegris has set its Q3 2026 guidance at 0.960-1.040 EPS. Sell-side analysts forecast that Entegris, Inc. will post 3.91 EPS for the current fiscal year.
Entegris Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Wednesday, July 29th were issued a $0.10 dividend. 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%.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on ENTG. Needham & Company LLC upped their price objective 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. Oppenheimer reiterated an “outperform” rating and set a $160.00 target price on shares of Entegris in a research report on Friday, May 1st. The Goldman Sachs Group raised shares of Entegris from a “sell” rating to a “buy” rating in a research note on Wednesday, August 12th. BMO Capital Markets increased their price target on shares of Entegris from $153.00 to $167.00 and gave the stock an “outperform” rating in a report on Monday, July 6th. Finally, Wall Street Zen cut shares of Entegris from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Entegris has an average rating of “Buy” and a consensus price target of $170.89.
Check Out Our Latest Stock Report on ENTG
Entegris Profile
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
- Five stocks we like better than Entegris
- Blueprint for a Boom: SEC Clears the Crypto Runway
- Ross Stores Just Flipped the Off-Price Retail Story After TJX’s Marmaxx Miss
- Advance Auto Parts Plunged, But Its Turnaround Is Still Working
- Is Palo Alto Networks Priced for Perfection Again as AI Security Demand Accelerates?
Want to see what other hedge funds are holding ENTG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Entegris, Inc. (NASDAQ:ENTG – Free Report).
Receive News & Ratings for Entegris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entegris and related companies with MarketBeat.com's FREE daily email newsletter.
