Entegris, Inc. $ENTG Stock Sold by Fenimore Asset Management Inc

Fenimore Asset Management Inc cut its position in Entegris, Inc. (NASDAQ:ENTG) by 1.0% during the third quarter, HoldingsChannel reports. The firm owned 355,630 shares of the semiconductor company’s stock after selling 3,704 shares during the quarter. Entegris accounts for 1.2% of Fenimore Asset Management Inc’s holdings, making the stock its 27th biggest position. Fenimore Asset Management Inc’s holdings in Entegris were worth $54,788,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Entegris during the second quarter worth $3,683,556,000. Principal Financial Group Inc. increased its stake in Entegris by 1.2% in the first quarter. Principal Financial Group Inc. now owns 5,885,239 shares of the semiconductor company’s stock valued at $689,990,000 after purchasing an additional 68,152 shares during the last quarter. Primecap Management Co. CA purchased a new position in Entegris in the second quarter valued at approximately $562,141,000. Bank of America Corp DE acquired a new stake in Entegris during the second quarter worth approximately $489,403,000. Finally, Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Entegris during the 2nd quarter worth approximately $486,101,000.

Entegris Stock Performance

Entegris stock traded down $4.13 during mid-day trading on Thursday, reaching $162.19. 2,648,370 shares of the company were exchanged, compared to its average volume of 2,847,913. The firm’s 50-day simple moving average is $144.69 and its two-hundred day simple moving average is $141.83. Entegris, Inc. has a twelve month low of $67.97 and a twelve month high of $186.94. The firm has a market cap of $24.73 billion, a PE ratio of 81.50, a price-to-earnings-growth ratio of 1.53 and a beta of 1.40. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.85 and a current ratio of 3.05.

Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Tuesday, August 4th. The semiconductor company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.82 by $0.11. Entegris had a return on equity of 12.25% and a net margin of 9.18%.The business 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 earnings per share. The company’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. Equities analysts predict that Entegris, Inc. will post 3.92 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Shareholders of record on Wednesday, July 29th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, July 29th. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%. Entegris’s dividend payout ratio is presently 20.10%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of Entegris from a “hold” rating to a “buy” rating and increased their target price for the company from $152.00 to $200.00 in a research report on Wednesday, August 12th. The Goldman Sachs Group upgraded shares of Entegris from a “sell” rating to a “buy” rating in a research note on Wednesday, August 12th. UBS Group raised their price target on Entegris from $205.00 to $215.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. BMO Capital Markets lifted their target price on shares of Entegris from $153.00 to $167.00 and gave the company an “outperform” rating in a report on Monday, July 6th. Finally, Mizuho upped their price target on shares of Entegris from $180.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Entegris presently has a consensus rating of “Buy” and an average price target of $173.80.

Insider Transactions at Entegris

In related news, SVP Joseph Colella sold 3,916 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $164.48, for a total transaction of $644,103.68. Following the completion of the transaction, the senior vice president directly owned 50,297 shares of the company’s stock, valued at $8,272,850.56. This represents a 7.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Olivier Blachier sold 2,000 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $160.66, for a total transaction of $321,320.00. Following the completion of the sale, the insider owned 34,997 shares of the company’s stock, valued at approximately $5,622,618.02. The trade was a 5.41% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 7,978 shares of company stock worth $1,273,734. Company insiders own 0.53% of the company’s stock.

Entegris Company Profile

Entegris, Inc is a global supplier of advanced materials and process solutions used in the semiconductor and other high-technology industries. The company helps manufacturers protect, purify, transport and process the highly sensitive materials used to produce integrated circuits, memory devices and other electronic components.

Its products and services include specialty chemicals and gases, liquid and gas filtration systems, wafer-handling and wafer-shipping products, contamination-control solutions, chemical-mechanical planarization materials, deposition materials and solutions for semiconductor packaging.