Truist Financial Corp Has $2.61 Million Stock Position in Entegris, Inc. $ENTG

Truist Financial Corp cut its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 51.1% in the fourth quarter, Holdings Channel reports. The firm owned 30,954 shares of the semiconductor company’s stock after selling 32,358 shares during the quarter. Truist Financial Corp’s holdings in Entegris were worth $2,608,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Fenimore Asset Management Inc grew its stake in shares of Entegris by 1.0% during the fourth quarter. Fenimore Asset Management Inc now owns 551,246 shares of the semiconductor company’s stock worth $46,442,000 after purchasing an additional 5,376 shares during the period. Danske Bank A S grew its stake in shares of Entegris by 5.3% during the fourth quarter. Danske Bank A S now owns 75,300 shares of the semiconductor company’s stock worth $6,344,000 after purchasing an additional 3,800 shares during the period. New York State Teachers Retirement System grew its stake in shares of Entegris by 10.6% during the fourth quarter. New York State Teachers Retirement System now owns 71,873 shares of the semiconductor company’s stock worth $6,055,000 after purchasing an additional 6,900 shares during the period. Narwhal Capital Management grew its stake in shares of Entegris by 4.3% during the fourth quarter. Narwhal Capital Management now owns 44,159 shares of the semiconductor company’s stock worth $3,720,000 after purchasing an additional 1,832 shares during the period. Finally, Interchange Capital Partners LLC acquired a new stake in shares of Entegris during the fourth quarter worth $211,000.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. KeyCorp lifted their price objective on Entegris from $111.00 to $156.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 11th. Citigroup reissued a “buy” rating on shares of Entegris in a research note on Thursday, April 30th. BMO Capital Markets reissued an “outperform” rating and issued a $148.00 target price on shares of Entegris in a research note on Wednesday, February 11th. Oppenheimer reissued an “outperform” rating and issued a $160.00 target price on shares of Entegris in a research note on Friday, May 1st. Finally, UBS Group boosted their target price on Entegris from $185.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Seven research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $153.78.

Insider Buying and Selling

In other news, SVP Olivier Blachier sold 275 shares of the business’s stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $115.57, for a total value of $31,781.75. Following the sale, the senior vice president directly owned 34,897 shares in the company, valued at $4,033,046.29. The trade was a 0.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Linda Lagorga sold 11,438 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $135.00, for a total value of $1,544,130.00. Following the completion of the sale, the chief financial officer owned 33,810 shares in the company, valued at approximately $4,564,350. This trade represents a 25.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 218,395 shares of company stock valued at $30,165,611. Corporate insiders own 0.53% of the company’s stock.

Entegris Stock Down 2.6%

NASDAQ:ENTG opened at $145.31 on Wednesday. Entegris, Inc. has a 1 year low of $66.32 and a 1 year high of $159.15. The company has a current ratio of 3.21, a quick ratio of 2.05 and a debt-to-equity ratio of 0.91. The stock has a market cap of $22.16 billion, a price-to-earnings ratio of 83.99, a PEG ratio of 1.86 and a beta of 1.39. The stock has a 50-day moving average price of $130.02 and a two-hundred day moving average price of $110.51.

Entegris (NASDAQ:ENTG) last posted its earnings results on Thursday, April 30th. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.11. Entegris had a return on equity of 11.45% and a net margin of 8.18%.The firm had revenue of $811.90 million during the quarter, compared to analysts’ expectations of $808.72 million. During the same period in the previous year, the firm earned $0.67 earnings per share. The company’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 3.59 earnings per share for the current year.

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Wednesday, April 29th will be 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 is Wednesday, April 29th. Entegris’s payout ratio is 23.12%.

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.