Fifth Third Bancorp Purchases 77,192 Shares of Entegris, Inc. $ENTG

Fifth Third Bancorp increased its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 413.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 95,870 shares of the semiconductor company’s stock after acquiring an additional 77,192 shares during the period. Fifth Third Bancorp’s holdings in Entegris were worth $11,240,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ENTG. California Public Employees Retirement System grew its stake in Entegris by 7.5% in the second 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 in the last quarter. Squarepoint Ops LLC lifted its position in shares of Entegris by 66.3% during 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 lifted 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 acquiring an additional 1,114 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Entegris by 3.8% in the 2nd 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 in the last quarter. Finally, Diversify Advisory Services LLC acquired a new stake in Entegris in the second quarter worth about $241,000.

Insider Activity at Entegris

In other Entegris news, Director James P. Lederer sold 3,569 shares of the business’s stock in a transaction 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 completion of the transaction, the director owned 18,277 shares in the company, valued at $2,624,394.43. The trade was a 16.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Clinton M. Haris sold 6,848 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $149.23, for a total value of $1,021,927.04. Following the transaction, 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. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 88,604 shares of company stock worth $12,560,593 over the last ninety days. Company insiders own 0.53% of the company’s stock.

Entegris Price Performance

NASDAQ:ENTG opened at $140.63 on Wednesday. The stock’s fifty day moving average is $147.34 and its two-hundred day moving average is $130.34. Entegris, Inc. has a 52 week low of $67.97 and a 52 week high of $186.94. The company has a quick ratio of 2.05, a current ratio of 3.21 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $21.45 billion, a P/E ratio of 81.29, a P/E/G ratio of 1.60 and a beta of 1.31.

Entegris (NASDAQ:ENTG) last announced its earnings results 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 during the quarter, compared to analyst estimates of $808.72 million. Entegris had a net margin of 8.18% and a return on equity of 11.45%. Entegris’s revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.67 earnings per share. Entegris has set its Q2 2026 guidance at 0.760-0.840 EPS. Equities analysts expect that Entegris, Inc. will post 3.63 EPS for the current year.

Wall Street Analyst Weigh In

ENTG has been the topic of several research analyst reports. Wall Street Zen upgraded Entegris from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Oppenheimer reaffirmed an “outperform” rating and issued a $160.00 price objective on shares of Entegris in a report on Friday, May 1st. UBS Group increased their target price on Entegris from $185.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Deutsche Bank Aktiengesellschaft lifted their price objective on Entegris from $145.00 to $155.00 and gave the stock a “hold” rating in a report on Monday, July 6th. Finally, BMO Capital Markets upped their target price on shares of Entegris from $153.00 to $167.00 and gave the stock an “outperform” rating in a report on Monday, July 6th. Seven analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Entegris presently has an average rating of “Moderate Buy” and an average 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.