Harber Asset Management LLC Sells 14,127 Shares of Entegris, Inc. $ENTG

Harber Asset Management LLC trimmed its position in Entegris, Inc. (NASDAQ:ENTG) by 23.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,044 shares of the semiconductor company’s stock after selling 14,127 shares during the quarter. Entegris accounts for 1.7% of Harber Asset Management LLC’s holdings, making the stock its 29th largest holding. Harber Asset Management LLC’s holdings in Entegris were worth $3,963,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in ENTG. Capital Research Global Investors bought a new position in Entegris in the third quarter valued at approximately $644,841,000. Van ECK Associates Corp increased its stake in Entegris by 1,721.7% in the third quarter. Van ECK Associates Corp now owns 2,173,165 shares of the semiconductor company’s stock valued at $200,931,000 after acquiring an additional 2,053,869 shares during the last quarter. Invesco Ltd. increased its stake in Entegris by 183.5% in the third quarter. Invesco Ltd. now owns 3,167,857 shares of the semiconductor company’s stock valued at $292,900,000 after acquiring an additional 2,050,473 shares during the last quarter. Norges Bank bought a new position in Entegris in the fourth quarter valued at approximately $158,669,000. Finally, Duquesne Family Office LLC bought a new position in Entegris in the second quarter valued at approximately $132,741,000.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Zacks Research cut shares of Entegris from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd. Weiss Ratings raised shares of Entegris from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Mizuho boosted their target price on shares of Entegris from $175.00 to $180.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $115.00 target price on shares of Entegris in a research note on Friday, May 1st. Finally, Wall Street Zen cut shares of Entegris from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 30th. Seven research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Entegris has a consensus rating of “Moderate Buy” and an average target price of $154.33.

Insider Buying and Selling

In related news, SVP Olivier Blachier sold 2,000 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $140.04, for a total value of $280,080.00. Following the sale, the senior vice president owned 34,897 shares of the company’s stock, valued at $4,886,975.88. The trade was a 5.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Joseph Colella sold 6,326 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $140.17, for a total transaction of $886,715.42. Following the completion of the sale, the senior vice president directly owned 50,121 shares in the company, valued at approximately $7,025,460.57. This represents a 11.21% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 107,867 shares of company stock valued at $15,215,629 over the last quarter. 0.53% of the stock is currently owned by company insiders.

Entegris Stock Performance

NASDAQ ENTG opened at $150.52 on Friday. The firm’s fifty day moving average price is $138.60 and its two-hundred day moving average price is $118.66. The stock has a market cap of $22.95 billion, a PE ratio of 87.01, a PEG ratio of 1.87 and a beta of 1.37. Entegris, Inc. has a fifty-two week low of $67.97 and a fifty-two week high of $159.15. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.05 and a current ratio of 3.21.

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. The firm had revenue of $811.90 million for 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 company’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.67 earnings per share. Entegris has set its Q2 2026 guidance at 0.760-0.840 EPS. On average, equities analysts expect that Entegris, Inc. will post 3.6 EPS for the current fiscal year.

Entegris Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Wednesday, April 29th were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, April 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. Entegris’s 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.