Connor Clark & Lunn Investment Management Ltd. Invests $9.60 Million in Entegris, Inc. $ENTG

Connor Clark & Lunn Investment Management Ltd. bought a new stake in Entegris, Inc. (NASDAQ:ENTG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 53,387 shares of the semiconductor company’s stock, valued at approximately $9,602,000.

Several other hedge funds and other institutional investors have also made changes to their positions in ENTG. Millstone Evans Group LLC increased its holdings in Entegris by 191.3% in the 1st quarter. Millstone Evans Group LLC now owns 268 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 176 shares in the last quarter. Johnson Financial Group Inc. lifted its stake in shares of Entegris by 147.5% during the fourth quarter. Johnson Financial Group Inc. now owns 396 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 236 shares in the last quarter. First Horizon Corp lifted its stake in shares of Entegris by 147.1% during the first quarter. First Horizon Corp now owns 299 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 178 shares in the last quarter. Elevated Capital Advisors LLC purchased a new stake in shares of Entegris in the first quarter worth about $44,000. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Entegris in the fourth quarter worth about $59,000.

Analysts Set New Price Targets

Several brokerages recently commented on ENTG. The Goldman Sachs Group upgraded Entegris from a “sell” rating to a “buy” rating in a report on Wednesday, August 12th. Freedom Capital upgraded Entegris to a “strong-buy” rating in a report on Monday, August 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Entegris in a research report on Monday, August 3rd. Mizuho lifted their price objective on shares of Entegris from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. Finally, Citigroup reissued a “buy” rating on shares of Entegris in a research report on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Entegris has a consensus rating of “Buy” and an average target price of $170.89.

Insider Transactions at Entegris

In other news, SVP Susan G. Rice sold 2,062 shares of the business’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 completion of the sale, the senior vice president directly owned 66,976 shares in the company, valued at approximately $10,014,251.52. The trade was a 2.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James P. Lederer sold 3,569 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $143.59, for a total value of $512,472.71. Following the sale, the director directly owned 18,277 shares in the company, valued at approximately $2,624,394.43. This represents a 16.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 11,547 shares of company stock worth $1,786,207. 0.53% of the stock is currently owned by corporate insiders.

Entegris Price Performance

Shares of ENTG stock opened at $142.46 on Thursday. The firm has a fifty day moving average of $146.94 and a two-hundred day moving average of $137.79. The firm has a market cap of $21.73 billion, a P/E ratio of 71.59, a P/E/G ratio of 1.28 and a beta of 1.35. Entegris, Inc. has a 1-year low of $67.97 and a 1-year high of $186.94. The company has a debt-to-equity ratio of 0.83, a current ratio of 3.05 and a quick ratio of 1.85.

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

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Shareholders of record on Wednesday, July 29th were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, July 29th. This represents a $0.40 annualized dividend and a yield of 0.3%. Entegris’s dividend payout ratio is presently 20.10%.

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.