Primecap Management Co. CA Buys Shares of 3,125,433 Entegris, Inc. $ENTG

Primecap Management Co. CA bought a new position in Entegris, Inc. (NASDAQ:ENTG) during the 2nd quarter, HoldingsChannel reports. The firm bought 3,125,433 shares of the semiconductor company’s stock, valued at approximately $562,141,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. bought a new position in Entegris during the second quarter worth about $3,683,556,000. Principal Financial Group Inc. raised its position in shares of Entegris by 1.2% during the first quarter. Principal Financial Group Inc. now owns 5,885,239 shares of the semiconductor company’s stock worth $689,990,000 after purchasing an additional 68,152 shares during the period. State Street Corp lifted its holdings in shares of Entegris by 1.2% during the 4th quarter. State Street Corp now owns 5,152,176 shares of the semiconductor company’s stock valued at $434,071,000 after purchasing an additional 61,549 shares in the last quarter. Durable Capital Partners LP increased its stake in Entegris by 23.2% during the 3rd quarter. Durable Capital Partners LP now owns 3,765,035 shares of the semiconductor company’s stock worth $348,115,000 after purchasing an additional 709,121 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Entegris by 13.4% during the 4th quarter. Invesco Ltd. now owns 3,592,669 shares of the semiconductor company’s stock worth $302,682,000 after buying an additional 424,812 shares during the period.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ENTG. Wall Street Zen cut shares of Entegris from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th. Needham & Company LLC boosted their price objective on shares of Entegris from $165.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Entegris in a research note on Monday, August 3rd. BMO Capital Markets increased their target price on Entegris from $153.00 to $167.00 and gave the stock an “outperform” rating in a report on Monday, July 6th. Finally, Oppenheimer reissued an “outperform” rating and issued a $160.00 price target on shares of Entegris in a research note on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $170.89.

Insider Buying and Selling

In other Entegris news, Director James P. Lederer sold 3,569 shares of the business’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 transaction, the director owned 18,277 shares of the company’s stock, valued at $2,624,394.43. The trade was a 16.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Susan G. Rice sold 2,062 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $149.52, for a total value of $308,310.24. Following the sale, the senior vice president owned 66,976 shares in the company, valued at approximately $10,014,251.52. This represents a 2.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 11,547 shares of company stock valued at $1,786,207 in the last ninety days. 0.53% of the stock is owned by company insiders.

Entegris Stock Performance

Shares of ENTG opened at $138.87 on Wednesday. Entegris, Inc. has a 12 month low of $67.97 and a 12 month high of $186.94. The firm has a fifty day simple moving average of $147.24 and a 200 day simple moving average of $137.57. The stock 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 company has a current ratio of 3.05, a quick ratio of 1.85 and a debt-to-equity ratio of 0.83.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings results on Tuesday, August 4th. The semiconductor company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.11. Entegris had a net margin of 9.18% and a return on equity of 12.25%. The firm had revenue of $883.20 million for the quarter, compared to analyst estimates of $835.79 million. During the same period in the previous year, the business earned $0.66 EPS. The company’s revenue was up 11.5% compared to the same quarter last year. Entegris has set its Q3 2026 guidance at 0.960-1.040 EPS. Research analysts forecast that Entegris, Inc. will post 3.91 EPS for the current fiscal year.

Entegris Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Wednesday, July 29th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, July 29th. This represents a $0.40 annualized dividend and a 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.