Shares of Entegris, Inc. (NASDAQ:ENTG – Get Free Report) shot up 5.9% during mid-day trading on Friday . The stock traded as high as $138.20 and last traded at $138.4440. 285,839 shares traded hands during trading, a decline of 90% from the average session volume of 2,943,402 shares. The stock had previously closed at $130.70.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the company. The Goldman Sachs Group raised Entegris from a “sell” rating to a “buy” rating in a research note on Wednesday, August 12th. Wall Street Zen downgraded Entegris from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th. BMO Capital Markets boosted their price target on shares of Entegris from $153.00 to $167.00 and gave the company an “outperform” rating in a report on Monday, July 6th. Freedom Capital upgraded Entegris to a “strong-buy” rating in a report on Monday, August 3rd. Finally, Needham & Company LLC lifted their target price on shares of Entegris from $165.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $170.89.
Read Our Latest Analysis on ENTG
Entegris Trading Up 6.0%
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, topping the consensus estimate of $0.82 by $0.11. The firm had revenue of $883.20 million for the quarter, compared to the consensus estimate of $835.79 million. Entegris had a net margin of 9.18% and a return on equity of 12.25%. The business’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.66 EPS. Entegris has set its Q3 2026 guidance at 0.960-1.040 EPS. As a group, sell-side analysts anticipate that Entegris, Inc. will post 3.91 earnings per share for the current fiscal year.
Entegris Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Wednesday, July 29th were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, July 29th. This represents a $0.40 annualized dividend and a yield of 0.3%. Entegris’s dividend payout ratio is presently 20.10%.
Insider Buying and Selling at Entegris
In other news, SVP Joseph Colella sold 3,916 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $164.48, for a total value of $644,103.68. Following the completion of the sale, the senior vice president directly owned 50,297 shares of the company’s stock, valued at approximately $8,272,850.56. This represents a 7.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Susan G. Rice sold 2,062 shares of the firm’s 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 sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 7,978 shares of company stock valued at $1,273,734 in the last 90 days. 0.53% of the stock is currently owned by insiders.
Institutional Trading of Entegris
Hedge funds and other institutional investors have recently bought and sold shares of the stock. California Public Employees Retirement System lifted its stake in shares of Entegris by 7.5% in the second quarter. California Public Employees Retirement System now owns 193,090 shares of the semiconductor company’s stock valued at $15,573,000 after buying an additional 13,544 shares during the period. Squarepoint Ops LLC increased its stake in Entegris by 66.3% during the second quarter. Squarepoint Ops LLC now owns 45,627 shares of the semiconductor company’s stock valued at $3,680,000 after acquiring an additional 18,195 shares during the period. Treasurer of the State of North Carolina raised its holdings in Entegris by 1.6% in the 2nd quarter. Treasurer of the State of North Carolina now owns 70,021 shares of the semiconductor company’s stock valued at $5,647,000 after acquiring an additional 1,114 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Entegris by 3.8% in the 2nd quarter. Alliancebernstein L.P. now owns 200,823 shares of the semiconductor company’s stock valued at $16,196,000 after acquiring an additional 7,292 shares in the last quarter. Finally, Diversify Advisory Services LLC bought a new stake in shares of Entegris in the 2nd quarter worth approximately $241,000.
Entegris Company 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.
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