Sumitomo Mitsui Trust Group Inc. Trims Holdings in Entegris, Inc. $ENTG

Sumitomo Mitsui Trust Group Inc. decreased its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 1.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 293,286 shares of the semiconductor company’s stock after selling 3,784 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.19% of Entegris worth $34,385,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Resona Asset Management Co. Ltd. lifted its stake in shares of Entegris by 0.3% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 44,907 shares of the semiconductor company’s stock valued at $5,199,000 after buying an additional 128 shares in the last quarter. DSM Capital Partners LLC purchased a new stake in Entegris in the 1st quarter worth $41,683,000. Oregon Public Employees Retirement Fund raised its holdings in Entegris by 3.0% during the first quarter. Oregon Public Employees Retirement Fund now owns 31,188 shares of the semiconductor company’s stock valued at $3,656,000 after acquiring an additional 900 shares during the period. Sage Rhino Capital LLC purchased a new position in shares of Entegris in the first quarter valued at about $203,000. Finally, Praxis Investment Management Inc. lifted its position in shares of Entegris by 20.3% in the first quarter. Praxis Investment Management Inc. now owns 4,198 shares of the semiconductor company’s stock valued at $492,000 after acquiring an additional 708 shares in the last quarter.

Insider Transactions at Entegris

In other Entegris news, SVP Joseph Colella sold 6,326 shares of Entegris stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $140.17, for a total transaction of $886,715.42. Following the completion of the transaction, the senior vice president directly owned 50,121 shares of the company’s stock, valued at $7,025,460.57. The trade was a 11.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 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 disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 88,604 shares of company stock worth $12,560,593. 0.53% of the stock is currently owned by corporate insiders.

Entegris Price Performance

Entegris stock opened at $136.27 on Tuesday. Entegris, Inc. has a 52-week low of $67.97 and a 52-week high of $186.94. The company has a quick ratio of 2.05, a current ratio of 3.21 and a debt-to-equity ratio of 0.91. The firm’s fifty day moving average is $147.52 and its 200 day moving average is $129.95. The company has a market cap of $20.78 billion, a price-to-earnings ratio of 78.77, a PEG ratio of 1.70 and a beta of 1.31.

Entegris (NASDAQ:ENTG) last posted its earnings results on Thursday, April 30th. The semiconductor company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.11. Entegris had a net margin of 8.18% and a return on equity of 11.45%. The firm had revenue of $811.90 million for the quarter, compared to the consensus estimate of $808.72 million. During the same period in the previous year, the firm posted $0.67 EPS. The business’s quarterly revenue was up 5.0% on a year-over-year basis. Entegris has set its Q2 2026 guidance at 0.760-0.840 EPS. Sell-side analysts forecast that Entegris, Inc. will post 3.63 EPS for the current fiscal year.

Entegris Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Wednesday, April 29th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Wednesday, April 29th. Entegris’s dividend payout ratio (DPR) is presently 23.12%.

Analysts Set New Price Targets

ENTG has been the subject of several recent analyst reports. UBS Group upped their price target on Entegris from $185.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Wall Street Zen raised shares of Entegris from a “buy” rating to a “strong-buy” rating in a report on Sunday. BMO Capital Markets raised their target price on shares of Entegris from $153.00 to $167.00 and gave the company an “outperform” rating in a research note on Monday, July 6th. Zacks Research downgraded shares of Entegris from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd. Finally, Citigroup reiterated a “buy” rating on shares of Entegris in a research note on Thursday, April 30th. Seven research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $164.22.

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.