Pictet Asset Management Holding SA Sells 5,185 Shares of Entegris, Inc. $ENTG

Pictet Asset Management Holding SA lessened its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 8.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 59,966 shares of the semiconductor company’s stock after selling 5,185 shares during the period. Pictet Asset Management Holding SA’s holdings in Entegris were worth $7,030,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ENTG. Union Bancaire Privee UBP SA acquired a new position in shares of Entegris during the first quarter valued at about $6,708,000. Sterling Capital Management LLC increased its position in Entegris by 43.2% in the 1st quarter. Sterling Capital Management LLC now owns 10,903 shares of the semiconductor company’s stock valued at $1,278,000 after buying an additional 3,289 shares in the last quarter. Ground Swell Capital LLC bought a new stake in Entegris in the 1st quarter valued at about $479,000. Maridea Wealth Management LLC raised its stake in Entegris by 25.8% during the 1st quarter. Maridea Wealth Management LLC now owns 9,498 shares of the semiconductor company’s stock worth $1,114,000 after buying an additional 1,948 shares during the period. Finally, Louisiana State Employees Retirement System acquired a new position in Entegris during the 1st quarter worth approximately $5,170,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ENTG shares. Mizuho raised their price objective on Entegris from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday. Zacks Research lowered Entegris from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. Oppenheimer reiterated an “outperform” rating and issued a $160.00 target price on shares of Entegris in a report on Friday, May 1st. Wall Street Zen downgraded shares of Entegris from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 30th. Finally, Needham & Company LLC boosted their price target on shares of Entegris from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Seven analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Entegris presently has an average rating of “Moderate Buy” and a consensus target price of $156.56.

Insider Activity at Entegris

In other Entegris news, SVP Susan G. Rice sold 19,893 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $132.84, for a total transaction of $2,642,586.12. Following the sale, the senior vice president directly owned 69,038 shares of the company’s stock, valued at $9,171,007.92. This represents a 22.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James P. Lederer sold 3,569 shares of the stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $143.59, for a total transaction of $512,472.71. Following the transaction, the director owned 18,277 shares of the company’s stock, valued at $2,624,394.43. This represents a 16.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 107,867 shares of company stock worth $15,215,629 in the last three months. Corporate insiders own 0.53% of the company’s stock.

Entegris Price Performance

ENTG opened at $146.66 on Friday. Entegris, Inc. has a twelve month low of $67.97 and a twelve month high of $186.94. The company’s 50-day moving average price is $148.53 and its two-hundred day moving average price is $127.33. The stock has a market cap of $22.37 billion, a price-to-earnings ratio of 84.77, a PEG ratio of 1.82 and a beta of 1.31. The company has a quick ratio of 2.05, a current ratio of 3.21 and a debt-to-equity ratio of 0.91.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.11. Entegris had a net margin of 8.18% and a return on equity of 11.45%. The company had revenue of $811.90 million for the quarter, compared to analysts’ expectations of $808.72 million. During the same quarter in the previous year, the firm posted $0.67 EPS. Entegris’s revenue was up 5.0% on a year-over-year basis. Entegris has set its Q2 2026 guidance at 0.760-0.840 EPS. As a group, equities analysts expect that Entegris, Inc. will post 3.6 earnings per share for the current year.

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Wednesday, April 29th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Wednesday, April 29th. Entegris’s dividend payout ratio is currently 23.12%.

About Entegris

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.