Swedbank AB Sells 469,556 Shares of Entegris, Inc. $ENTG

Swedbank AB lessened its stake in Entegris, Inc. (NASDAQ:ENTG) by 29.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,114,101 shares of the semiconductor company’s stock after selling 469,556 shares during the quarter. Swedbank AB owned about 0.74% of Entegris worth $89,852,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mackenzie Financial Corp increased its holdings in Entegris by 61.4% in the first quarter. Mackenzie Financial Corp now owns 8,891 shares of the semiconductor company’s stock valued at $778,000 after purchasing an additional 3,382 shares during the last quarter. Compass Wealth Management LLC bought a new stake in shares of Entegris in the first quarter worth about $1,614,000. Sequoia Financial Advisors LLC increased its holdings in shares of Entegris by 11.5% in the first quarter. Sequoia Financial Advisors LLC now owns 2,767 shares of the semiconductor company’s stock worth $242,000 after acquiring an additional 285 shares in the last quarter. Sarasin & Partners LLP bought a new stake in shares of Entegris in the first quarter worth about $1,544,000. Finally, New York State Teachers Retirement System bought a new stake in shares of Entegris in the first quarter worth about $4,870,000.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. KeyCorp restated an “overweight” rating and issued a $103.00 price target (down from $112.00) on shares of Entegris in a report on Thursday, July 31st. Wall Street Zen downgraded Entegris from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. The Goldman Sachs Group initiated coverage on Entegris in a report on Thursday, July 10th. They issued a “neutral” rating and a $85.00 price target for the company. UBS Group decreased their price objective on Entegris from $95.00 to $90.00 and set a “neutral” rating for the company in a report on Thursday, July 31st. Finally, Mizuho increased their price objective on Entegris from $90.00 to $98.00 and gave the stock an “outperform” rating in a report on Tuesday, July 15th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Entegris presently has an average rating of “Moderate Buy” and a consensus price target of $105.30.

Entegris Stock Performance

ENTG opened at $95.97 on Friday. Entegris, Inc. has a 12-month low of $60.75 and a 12-month high of $117.88. The stock has a market cap of $14.55 billion, a price-to-earnings ratio of 49.47 and a beta of 1.29. The business has a 50 day moving average of $83.59 and a 200-day moving average of $81.86. The company has a quick ratio of 1.95, a current ratio of 3.30 and a debt-to-equity ratio of 1.04.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.01. Entegris had a return on equity of 12.05% and a net margin of 9.17%.The company had revenue of $792.40 million during the quarter, compared to analysts’ expectations of $753.85 million. During the same period last year, the firm posted $0.71 earnings per share. The business’s revenue was down 2.5% on a year-over-year basis. Entegris has set its Q3 2025 guidance at 0.680-0.700 EPS. On average, equities research analysts expect that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Wednesday, July 30th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, July 30th. Entegris’s dividend payout ratio (DPR) is presently 20.62%.

Insider Activity at Entegris

In related news, SVP Clinton M. Haris sold 3,627 shares of Entegris stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $90.00, for a total transaction of $326,430.00. Following the completion of the sale, the senior vice president directly owned 37,743 shares of the company’s stock, valued at approximately $3,396,870. This trade represents a 8.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Susan G. Rice sold 8,858 shares of Entegris stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $79.84, for a total value of $707,222.72. Following the sale, the senior vice president directly owned 56,912 shares of the company’s stock, valued at approximately $4,543,854.08. The trade was a 13.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.67% of the company’s stock.

Entegris Profile

Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions in North America, Taiwan, China, South Korea, Japan, Europe, and Southeast Asia. It operates in three segments: Materials Solutions (MS); Microcontamination Control (MC); and Advanced Materials Handling (AMH).