Pictet Asset Management Holding SA Sells 5,185 Shares of Entegris, Inc. $ENTG

Pictet Asset Management Holding SA cut its stake in Entegris, Inc. (NASDAQ:ENTG) by 8.0% in the 1st quarter, Holdings Channel.com reports. The firm owned 59,966 shares of the semiconductor company’s stock after selling 5,185 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Entegris were worth $7,030,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ENTG. Ameriflex Group Inc. bought a new position in Entegris in the 3rd quarter worth about $25,000. Steph & Co. bought a new stake in shares of Entegris during the fourth quarter valued at about $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Entegris during the fourth quarter valued at about $29,000. Johnson Financial Group Inc. lifted its holdings in shares of Entegris by 147.5% in the fourth quarter. Johnson Financial Group Inc. now owns 396 shares of the semiconductor company’s stock worth $33,000 after buying an additional 236 shares in the last quarter. Finally, Sound Income Strategies LLC lifted its holdings in shares of Entegris by 407.0% in the fourth quarter. Sound Income Strategies LLC now owns 507 shares of the semiconductor company’s stock worth $43,000 after buying an additional 407 shares in the last quarter.

Insider Transactions at Entegris

In related news, SVP Joseph Colella sold 6,326 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $140.17, for a total value of $886,715.42. Following the completion of the transaction, the senior vice president directly owned 50,121 shares in the company, valued at approximately $7,025,460.57. The trade was a 11.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Clinton M. Haris sold 6,848 shares of the company’s stock in a transaction on 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 transaction, the senior vice president owned 54,961 shares of the company’s stock, valued at $8,201,830.03. This trade represents a 11.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 107,867 shares of company stock worth $15,215,629. Company insiders own 0.53% of the company’s stock.

Entegris Stock Performance

Shares of ENTG opened at $146.66 on Friday. Entegris, Inc. has a 12-month low of $67.97 and a 12-month high of $186.94. 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 company has a market cap of $22.37 billion, a PE ratio of 84.77, a price-to-earnings-growth ratio of 1.82 and a beta of 1.31. The stock has a 50-day moving average price of $148.53 and a 200-day moving average price of $127.33.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.11. The company had revenue of $811.90 million for the quarter, compared to analysts’ expectations of $808.72 million. Entegris had a net margin of 8.18% and a return on equity of 11.45%. Entegris’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.67 earnings per share. Entegris has set its Q2 2026 guidance at 0.760-0.840 EPS. As a group, equities analysts forecast that Entegris, Inc. will post 3.6 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Wednesday, April 29th were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, April 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. Entegris’s dividend payout ratio is presently 23.12%.

Wall Street Analyst Weigh In

ENTG has been the subject of several recent analyst reports. Mizuho boosted 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. Citigroup reiterated a “buy” rating on shares of Entegris in a research note on Thursday, April 30th. The Goldman Sachs Group reissued a “sell” rating and issued a $115.00 price target on shares of Entegris in a report on Friday, May 1st. Oppenheimer restated an “outperform” rating and set a $160.00 price target on shares of Entegris in a research report on Friday, May 1st. Finally, Needham & Company LLC upped their price target on shares of Entegris from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Seven research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $156.56.

Entegris Company 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.