Persistent Asset Partners Ltd Takes Position in Entegris, Inc. $ENTG

Persistent Asset Partners Ltd acquired a new position in Entegris, Inc. (NASDAQ:ENTG) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 11,568 shares of the semiconductor company’s stock, valued at approximately $2,081,000.

A number of other institutional investors also recently bought and sold shares of ENTG. Invesco Ltd. increased its holdings in Entegris by 183.5% in the 3rd quarter. Invesco Ltd. now owns 3,167,857 shares of the semiconductor company’s stock worth $292,900,000 after acquiring an additional 2,050,473 shares in the last quarter. Norges Bank bought a new position in shares of Entegris in the fourth quarter worth approximately $158,669,000. Duquesne Family Office LLC bought a new position in shares of Entegris in the second quarter worth approximately $132,741,000. Bank of New York Mellon Corp purchased a new stake in shares of Entegris in the second quarter worth $248,869,000. Finally, Rafferty Asset Management LLC increased its stake in shares of Entegris by 64.4% in the second quarter. Rafferty Asset Management LLC now owns 1,970,734 shares of the semiconductor company’s stock worth $158,940,000 after purchasing an additional 771,650 shares in the last quarter.

Insiders Place Their Bets

In other Entegris news, SVP Clinton M. Haris sold 6,848 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $149.23, for a total value of $1,021,927.04. Following the transaction, the senior vice president directly owned 54,961 shares in the company, valued at $8,201,830.03. This represents a 11.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Joseph Colella sold 3,916 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $164.48, for a total value of $644,103.68. Following the completion of the transaction, the senior vice president directly owned 50,297 shares in the company, valued at approximately $8,272,850.56. This trade represents a 7.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 16,395 shares of company stock valued at $2,486,814 in the last three months. 0.53% of the stock is owned by company insiders.

Entegris Stock Performance

Shares of NASDAQ:ENTG opened at $161.76 on Monday. The firm has a fifty day simple moving average of $146.89 and a two-hundred day simple moving average of $136.19. The company has a quick ratio of 1.85, a current ratio of 3.05 and a debt-to-equity ratio of 0.83. Entegris, Inc. has a 52 week low of $67.97 and a 52 week high of $186.94. The stock has a market capitalization of $24.67 billion, a P/E ratio of 81.29, a PEG ratio of 1.49 and a beta of 1.35.

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

Entegris Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Wednesday, July 29th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Wednesday, July 29th. Entegris’s payout ratio is 20.10%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Mizuho upped their target price on shares of Entegris from $180.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. BMO Capital Markets increased their price target on Entegris from $153.00 to $167.00 and gave the stock an “outperform” rating in a research note on Monday, July 6th. Oppenheimer reissued an “outperform” rating and set a $160.00 price target on shares of Entegris in a report on Friday, May 1st. Zacks Research upgraded Entegris from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. Finally, Needham & Company LLC upped their price objective on Entegris from $165.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $170.89.

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.