Cibc World Market Inc. Takes Position in Entegris, Inc. $ENTG

Cibc World Market Inc. bought a new position in shares of Entegris, Inc. (NASDAQ:ENTG) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 5,800 shares of the semiconductor company’s stock, valued at approximately $1,043,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Millstone Evans Group LLC increased its stake in Entegris by 191.3% in the first 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 during the last quarter. First Horizon Corp lifted its position in shares of Entegris by 147.1% during the 1st quarter. First Horizon Corp now owns 299 shares of the semiconductor company’s stock worth $35,000 after buying an additional 178 shares during the last quarter. Elevated Capital Advisors LLC purchased a new stake in shares of Entegris during the 1st quarter worth approximately $44,000. Johnson Financial Group Inc. boosted its holdings in shares of Entegris by 147.5% in the 4th quarter. Johnson Financial Group Inc. now owns 396 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 236 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Entegris in the 4th quarter valued at $59,000.

Entegris Stock Performance

Shares of Entegris stock opened at $145.31 on Friday. The firm’s fifty day simple moving average is $146.27 and its 200-day simple moving average is $137.95. Entegris, Inc. has a 12 month low of $67.97 and a 12 month high of $186.94. The stock has a market capitalization of $22.16 billion, a price-to-earnings ratio of 73.02, a PEG ratio of 1.31 and a beta of 1.35. 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 quarterly earnings results on Tuesday, August 4th. The semiconductor company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. Entegris had a net margin of 9.18% and a return on equity of 12.25%. The firm had revenue of $883.20 million during the quarter, compared to analysts’ expectations of $835.79 million. During the same quarter in the prior year, the business earned $0.66 EPS. Entegris’s quarterly revenue was up 11.5% compared to the same quarter last year. Entegris has set its Q3 2026 guidance at 0.960-1.040 EPS. As a group, equities analysts forecast that Entegris, Inc. will post 3.91 earnings per share for the current year.

Entegris Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders 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 dividend yield of 0.3%. Entegris’s dividend payout ratio is 20.10%.

Insider Buying and Selling

In related news, insider Olivier Blachier sold 2,000 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $160.66, for a total transaction of $321,320.00. Following the transaction, the insider owned 34,997 shares of the company’s stock, valued at $5,622,618.02. This trade represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James P. Lederer sold 3,569 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $143.59, for a total value of $512,472.71. Following the completion of 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. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 11,547 shares of company stock worth $1,786,207. Corporate insiders own 0.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. BMO Capital Markets lifted their price target on shares of Entegris from $153.00 to $167.00 and gave the stock an “outperform” rating in a research note on Monday, July 6th. Freedom Capital upgraded shares of Entegris to a “strong-buy” rating in a research note on Monday, August 3rd. UBS Group raised their price objective on Entegris from $205.00 to $215.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. The Goldman Sachs Group upgraded Entegris from a “sell” rating to a “buy” rating in a research report on Wednesday, August 12th. Finally, Zacks Research raised Entegris from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $170.89.

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.