Northwestern Mutual Wealth Management Co. Acquires New Holdings in Entegris, Inc. $ENTG

Northwestern Mutual Wealth Management Co. bought a new position in shares of Entegris, Inc. (NASDAQ:ENTG) during the second quarter, Holdings Channel reports. The fund bought 5,374 shares of the semiconductor company’s stock, valued at approximately $967,000.

Several other institutional investors and hedge funds have also bought and sold shares of ENTG. BlackRock Inc. purchased a new position in shares of Entegris during the second quarter worth about $3,683,556,000. Invesco Ltd. increased its position in shares of Entegris by 183.5% in the third quarter. Invesco Ltd. now owns 3,167,857 shares of the semiconductor company’s stock worth $292,900,000 after purchasing an additional 2,050,473 shares during the last quarter. Norges Bank purchased a new stake in Entegris in the fourth quarter valued at approximately $158,669,000. Duquesne Family Office LLC purchased a new stake in Entegris in the second quarter valued at approximately $132,741,000. Finally, Bank of New York Mellon Corp bought a new stake in Entegris during the second quarter valued at approximately $248,869,000.

Wall Street Analyst Weigh In

A number of equities analysts have commented on ENTG shares. Weiss Ratings reissued a “hold (c)” rating on shares of Entegris in a research note on Monday, August 3rd. BMO Capital Markets raised their price objective on shares of Entegris from $153.00 to $167.00 and gave the company an “outperform” rating in a research report on Monday, July 6th. Needham & Company LLC lifted their price objective on shares of Entegris from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Wall Street Zen lowered shares of Entegris from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, Mizuho increased their target price on Entegris from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $170.89.

Insider Buying and Selling at Entegris

In related news, Director James P. Lederer sold 3,569 shares of Entegris stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $143.59, for a total value of $512,472.71. Following the transaction, the director owned 18,277 shares in the company, valued at $2,624,394.43. This trade represents a 16.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Olivier Blachier sold 2,000 shares of the business’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $160.66, for a total transaction of $321,320.00. Following the completion of the sale, the insider directly owned 34,997 shares of the company’s stock, valued at $5,622,618.02. This represents a 5.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 11,547 shares of company stock worth $1,786,207 in the last quarter. 0.53% of the stock is currently owned by company insiders.

Entegris Stock Performance

NASDAQ:ENTG opened at $138.87 on Wednesday. The company has a market capitalization of $21.18 billion, a price-to-earnings ratio of 69.78, a PEG ratio of 1.27 and a beta of 1.35. The business has a 50 day moving average of $147.24 and a 200 day moving average of $137.57. The company has a debt-to-equity ratio of 0.83, a current ratio of 3.05 and a quick ratio of 1.85. Entegris, Inc. has a 1-year low of $67.97 and a 1-year high of $186.94.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings results on Tuesday, August 4th. The semiconductor company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.11. The business had revenue of $883.20 million for the quarter, compared to analysts’ expectations 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 period last year, the business earned $0.66 earnings per share. Entegris has set its Q3 2026 guidance at 0.960-1.040 EPS. On average, sell-side analysts predict that Entegris, Inc. will post 3.91 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Wednesday, July 29th were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, July 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. Entegris’s dividend payout ratio is 20.10%.

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.