Needham Investment Management LLC Has $16.13 Million Stock Holdings in Entegris, Inc. $ENTG

Needham Investment Management LLC cut its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 17.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 191,400 shares of the semiconductor company’s stock after selling 39,600 shares during the period. Needham Investment Management LLC’s holdings in Entegris were worth $16,125,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. California Public Employees Retirement System raised its holdings in Entegris by 7.5% in the 2nd quarter. California Public Employees Retirement System now owns 193,090 shares of the semiconductor company’s stock valued at $15,573,000 after acquiring an additional 13,544 shares during the period. Squarepoint Ops LLC raised its position in shares of Entegris by 66.3% in the 2nd quarter. Squarepoint Ops LLC now owns 45,627 shares of the semiconductor company’s stock valued at $3,680,000 after buying an additional 18,195 shares in the last quarter. Treasurer of the State of North Carolina raised its position in Entegris by 1.6% during the second quarter. Treasurer of the State of North Carolina now owns 70,021 shares of the semiconductor company’s stock valued at $5,647,000 after purchasing an additional 1,114 shares in the last quarter. Alliancebernstein L.P. lifted its stake in Entegris by 3.8% during the second quarter. Alliancebernstein L.P. now owns 200,823 shares of the semiconductor company’s stock worth $16,196,000 after purchasing an additional 7,292 shares during the last quarter. Finally, Diversify Advisory Services LLC acquired a new stake in Entegris in the second quarter valued at about $241,000.

Analyst Upgrades and Downgrades

ENTG has been the subject of several research analyst reports. Wall Street Zen downgraded Entegris from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 30th. Citigroup reiterated a “buy” rating on shares of Entegris in a research report on Thursday, April 30th. UBS Group raised their price objective on shares of Entegris from $185.00 to $205.00 and gave the company a “buy” rating in a report on Friday, May 1st. Needham & Company LLC boosted their target price on shares of Entegris from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Zacks Research downgraded shares of Entegris from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Entegris presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.33.

Insider Buying and Selling

In related news, Director James P. Lederer sold 3,569 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $143.59, for a total transaction of $512,472.71. Following the transaction, the director directly owned 18,277 shares of the company’s stock, valued at $2,624,394.43. This trade represents a 16.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Clinton M. Haris sold 6,848 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $149.23, for a total transaction of $1,021,927.04. Following the completion of the sale, the senior vice president directly owned 54,961 shares of the company’s stock, valued at $8,201,830.03. The trade was a 11.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 107,867 shares of company stock worth $15,215,629 over the last ninety days. Insiders own 0.53% of the company’s stock.

Entegris Stock Performance

Shares of Entegris stock opened at $162.89 on Tuesday. The business has a 50-day simple moving average of $139.53 and a 200 day simple moving average of $119.60. The firm has a market capitalization of $24.84 billion, a price-to-earnings ratio of 94.16, a PEG ratio of 1.87 and a beta of 1.37. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.21 and a quick ratio of 2.05. Entegris, Inc. has a one year low of $67.97 and a one year high of $168.00.

Entegris (NASDAQ:ENTG) last issued its earnings results on Thursday, April 30th. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $808.72 million. During the same period last year, the business earned $0.67 EPS. Entegris’s quarterly revenue was up 5.0% compared to the same quarter last year. Entegris has set its Q2 2026 guidance at 0.760-0.840 EPS. On average, research analysts anticipate that Entegris, Inc. will post 3.6 earnings per share for the current fiscal year.

Entegris Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Wednesday, April 29th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Wednesday, April 29th. Entegris’s dividend payout ratio (DPR) is currently 23.12%.

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.