Entropy Technologies LP lowered its position in shares of Entegris, Inc. (NASDAQ:ENTG – Free Report) by 60.9% during the first quarter, HoldingsChannel reports. The fund owned 6,008 shares of the semiconductor company’s stock after selling 9,364 shares during the quarter. Entropy Technologies LP’s holdings in Entegris were worth $704,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Gabelli Funds LLC raised its position in Entegris by 3.0% in the first quarter. Gabelli Funds LLC now owns 55,300 shares of the semiconductor company’s stock valued at $6,483,000 after purchasing an additional 1,600 shares during the last quarter. FCA Corp TX grew its holdings in shares of Entegris by 3.7% during the first quarter. FCA Corp TX now owns 14,405 shares of the semiconductor company’s stock worth $1,689,000 after purchasing an additional 520 shares during the last quarter. Gibbs Wealth Management bought a new stake in shares of Entegris during the first quarter worth about $532,000. Lido Advisors LLC increased its stake in shares of Entegris by 1.5% in the first quarter. Lido Advisors LLC now owns 8,542 shares of the semiconductor company’s stock valued at $1,002,000 after buying an additional 125 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of Entegris by 502.2% in the first quarter. First Trust Advisors LP now owns 315,089 shares of the semiconductor company’s stock valued at $36,941,000 after buying an additional 262,765 shares during the period.
Insider Transactions at Entegris
In related news, SVP Susan G. Rice sold 19,893 shares of Entegris stock in a transaction on 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 completion of the transaction, the senior vice president owned 69,038 shares of the company’s stock, valued at $9,171,007.92. This trade represents a 22.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James P. Lederer sold 3,569 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $143.59, for a total transaction of $512,472.71. Following the completion of the transaction, the director owned 18,277 shares in the company, valued at approximately $2,624,394.43. The trade was a 16.34% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 44,466 shares of company stock worth $6,186,624. Company insiders own 0.53% of the company’s stock.
Entegris Price Performance
Entegris (NASDAQ:ENTG – Get Free Report) last announced its earnings results on Thursday, April 30th. The semiconductor company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.75 by $0.11. The business had revenue of $811.90 million for the quarter, compared to analysts’ expectations of $808.72 million. Entegris had a return on equity of 11.45% and a net margin of 8.18%.The firm’s revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.67 earnings per share. Entegris has set its Q2 2026 guidance at 0.760-0.840 EPS. As a group, equities research analysts anticipate that Entegris, Inc. will post 3.65 earnings per share for the current year.
Entegris Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Wednesday, July 29th will be given a $0.10 dividend. The ex-dividend date is Wednesday, July 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. Entegris’s payout ratio is 23.12%.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on ENTG shares. BMO Capital Markets lifted their target price on shares of Entegris from $153.00 to $167.00 and gave the stock an “outperform” rating in a research report on Monday, July 6th. Wall Street Zen upgraded shares of Entegris from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 12th. Weiss Ratings raised shares of Entegris from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Oppenheimer reiterated an “outperform” rating and set a $160.00 price target on shares of Entegris in a report on Friday, May 1st. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Entegris from $145.00 to $155.00 and gave the stock a “hold” rating in a report on Monday, July 6th. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $164.22.
Check Out Our Latest Stock Analysis on ENTG
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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