Jennison Associates LLC Takes Position in Entegris, Inc. $ENTG

Jennison Associates LLC bought a new stake in Entegris, Inc. (NASDAQ:ENTG) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 100,784 shares of the semiconductor company’s stock, valued at approximately $11,816,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ENTG. California Public Employees Retirement System lifted its holdings in Entegris by 21.1% during the 1st quarter. California Public Employees Retirement System now owns 255,615 shares of the semiconductor company’s stock worth $29,968,000 after purchasing an additional 44,533 shares in the last quarter. Forty three Eighteen Advisors LLC purchased a new position in Entegris during the 1st quarter valued at about $680,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Entegris during the first quarter valued at about $46,518,000. Bank of New York Mellon Corp increased its position in shares of Entegris by 8.0% during the first quarter. Bank of New York Mellon Corp now owns 1,428,627 shares of the semiconductor company’s stock valued at $167,492,000 after buying an additional 105,235 shares during the period. Finally, Sanctuary Advisors LLC lifted its holdings in shares of Entegris by 33.8% in the first quarter. Sanctuary Advisors LLC now owns 13,718 shares of the semiconductor company’s stock worth $1,608,000 after buying an additional 3,465 shares in the last quarter.

Insider Buying and Selling

In other Entegris news, Director James P. Lederer sold 3,569 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was 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 of the company’s stock, valued at $2,624,394.43. This represents a 16.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Clinton M. Haris sold 6,848 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $149.23, for a total value of $1,021,927.04. Following the completion of the sale, the senior vice president owned 54,961 shares of the company’s stock, valued at approximately $8,201,830.03. This trade represents a 11.08% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 44,466 shares of company stock valued at $6,186,624 over the last ninety days. Corporate insiders own 0.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Wall Street Zen raised shares of Entegris from a “buy” rating to a “strong-buy” rating in a report on Sunday, July 12th. Mizuho lifted their price objective on Entegris from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. Oppenheimer restated an “outperform” rating and set a $160.00 target price on shares of Entegris in a research report on Friday, May 1st. Citigroup restated a “buy” rating on shares of Entegris in a research note on Thursday, April 30th. Finally, UBS Group raised their price target on Entegris from $185.00 to $205.00 and gave the company a “buy” rating in a report on Friday, May 1st. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Entegris currently has an average rating of “Moderate Buy” and an average target price of $164.22.

Entegris Stock Up 4.8%

Shares of NASDAQ ENTG opened at $140.17 on Wednesday. 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, Inc. has a 52 week low of $67.97 and a 52 week high of $186.94. The firm’s fifty day moving average is $146.12 and its 200 day moving average is $132.15. The company has a market cap of $21.38 billion, a price-to-earnings ratio of 81.02, a PEG ratio of 1.56 and a beta of 1.31.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.11. The business had revenue of $811.90 million during the quarter, compared to analysts’ expectations of $808.72 million. Entegris had a net margin of 8.18% and a return on equity of 11.45%. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.67 EPS. Entegris has set its Q2 2026 guidance at 0.760-0.840 EPS. On average, equities research analysts expect that Entegris, Inc. will post 3.65 earnings per share for the current year.

Entegris Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Wednesday, July 29th will be issued 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 is Wednesday, July 29th. Entegris’s dividend payout ratio is currently 23.12%.

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.