The Manufacturers Life Insurance Company Buys Shares of 71,514 Entegris, Inc. $ENTG

The Manufacturers Life Insurance Company bought a new stake in Entegris, Inc. (NASDAQ:ENTG) during the 2nd quarter, HoldingsChannel.com reports. The firm bought 71,514 shares of the semiconductor company’s stock, valued at approximately $12,863,000.

A number of other institutional investors have also recently made changes to their positions in ENTG. California Public Employees Retirement System boosted its stake in Entegris by 7.5% during the 2nd quarter. California Public Employees Retirement System now owns 193,090 shares of the semiconductor company’s stock worth $15,573,000 after purchasing an additional 13,544 shares during the last quarter. Squarepoint Ops LLC raised its position in shares of Entegris by 66.3% in the second 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 during the last quarter. Treasurer of the State of North Carolina raised its position in shares of Entegris by 1.6% in 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 buying an additional 1,114 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of Entegris by 3.8% in the second quarter. Alliancebernstein L.P. now owns 200,823 shares of the semiconductor company’s stock worth $16,196,000 after buying an additional 7,292 shares in the last quarter. Finally, Diversify Advisory Services LLC purchased a new position in shares of Entegris in the second quarter worth about $241,000.

Insider Activity

In related news, SVP Susan G. Rice sold 2,062 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $149.52, for a total value of $308,310.24. Following the transaction, the senior vice president directly owned 66,976 shares in the company, valued at approximately $10,014,251.52. This represents a 2.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James P. Lederer sold 3,569 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was 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 of the company’s stock, valued at $2,624,394.43. The trade was a 16.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 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 analysts recently issued reports on ENTG shares. Wall Street Zen cut shares of Entegris from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. UBS Group raised their target price on shares of Entegris from $205.00 to $215.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Zacks Research upgraded Entegris from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. Freedom Capital upgraded Entegris to a “strong-buy” rating in a research report on Monday, August 3rd. Finally, BMO Capital Markets upped their price target on Entegris from $153.00 to $167.00 and gave the company an “outperform” rating in a research report on Monday, July 6th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $170.89.

Entegris Trading Down 7.2%

Shares of ENTG stock opened at $134.92 on Friday. The company’s 50-day moving average price is $145.39 and its 200-day moving average price is $137.93. The company has a current ratio of 3.05, a quick ratio of 1.85 and a debt-to-equity ratio of 0.83. The stock has a market cap of $20.58 billion, a price-to-earnings ratio of 67.80, a PEG ratio of 1.34 and a beta of 1.35. Entegris, Inc. has a twelve month low of $67.97 and a twelve month high of $186.94.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Tuesday, August 4th. The semiconductor company reported $0.93 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $835.79 million. During the same quarter in the prior year, the firm posted $0.66 earnings per share. Entegris’s quarterly revenue was up 11.5% on a year-over-year basis. Entegris has set its Q3 2026 guidance at 0.960-1.040 EPS. As a group, equities analysts predict that Entegris, Inc. will post 3.91 earnings per share for the current year.

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Wednesday, July 29th were paid a $0.10 dividend. The ex-dividend date of this dividend 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%.

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.