Weiss Asset Management LP Reduces Stock Position in Entegris, Inc. $ENTG

Weiss Asset Management LP lessened its holdings in Entegris, Inc. (NASDAQ:ENTG) by 79.0% during the 1st quarter, HoldingsChannel.com reports. The fund owned 29,680 shares of the semiconductor company’s stock after selling 111,469 shares during the period. Weiss Asset Management LP’s holdings in Entegris were worth $3,480,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Delta Global Management LP bought a new stake in shares of Entegris during the first quarter worth $1,172,000. OMERS ADMINISTRATION Corp increased its stake in Entegris by 31.1% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 7,060 shares of the semiconductor company’s stock worth $828,000 after buying an additional 1,676 shares during the period. Lombard Odier Asset Management Switzerland SA purchased a new position in Entegris in the 1st quarter worth about $563,000. Gabelli Funds LLC lifted its holdings in Entegris by 3.0% during the 1st quarter. Gabelli Funds LLC now owns 55,300 shares of the semiconductor company’s stock valued at $6,483,000 after buying an additional 1,600 shares in the last quarter. Finally, FCA Corp TX lifted its holdings in Entegris by 3.7% during the 1st quarter. FCA Corp TX now owns 14,405 shares of the semiconductor company’s stock valued at $1,689,000 after buying an additional 520 shares in the last quarter.

Insiders Place Their Bets

In other news, Director James P. Lederer sold 3,569 shares of Entegris 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 transaction, the director owned 18,277 shares of the company’s stock, valued at $2,624,394.43. The trade was a 16.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Joseph Colella sold 6,326 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president owned 50,121 shares of the company’s stock, valued at approximately $7,025,460.57. This trade represents a 11.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 44,466 shares of company stock worth $6,186,624. Insiders own 0.53% of the company’s stock.

Entegris Stock Performance

ENTG opened at $129.15 on Monday. The company has a current ratio of 3.21, a quick ratio of 2.05 and a debt-to-equity ratio of 0.91. The firm has a market cap of $19.70 billion, a price-to-earnings ratio of 74.65, a PEG ratio of 1.50 and a beta of 1.31. Entegris, Inc. has a 12 month low of $67.97 and a 12 month high of $186.94. The stock has a fifty day moving average price of $145.81 and a 200-day moving average price of $133.10.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.11. Entegris had a return on equity of 11.45% and a net margin of 8.18%.The company had revenue of $811.90 million for the quarter, compared to the consensus estimate of $808.72 million. During the same quarter last year, the company earned $0.67 earnings per share. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. Entegris has set its Q2 2026 guidance at 0.760-0.840 EPS. As a group, equities research analysts anticipate that Entegris, Inc. will post 3.65 earnings per share for the current fiscal year.

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Wednesday, July 29th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Wednesday, July 29th. Entegris’s dividend payout ratio (DPR) is currently 23.12%.

Wall Street Analysts Forecast Growth

ENTG has been the subject of several research reports. The Goldman Sachs Group reissued a “sell” rating and issued a $115.00 price objective on shares of Entegris in a research report on Friday, May 1st. Wall Street Zen raised shares of Entegris from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 12th. UBS Group boosted their price target on Entegris from $185.00 to $205.00 and gave the company a “buy” rating in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft increased their price objective on Entegris from $145.00 to $155.00 and gave the stock a “hold” rating in a research note on Monday, July 6th. Finally, Needham & Company LLC raised their price objective on Entegris from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.22.

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.