Empowered Funds LLC Purchases New Position in Entegris, Inc. $ENTG

Empowered Funds LLC acquired a new stake in Entegris, Inc. (NASDAQ:ENTG) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 7,607 shares of the semiconductor company’s stock, valued at approximately $1,368,000.

Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in shares of Entegris in the second quarter worth about $3,683,556,000. Principal Financial Group Inc. increased its stake in Entegris by 1.2% during the 1st quarter. Principal Financial Group Inc. now owns 5,885,239 shares of the semiconductor company’s stock worth $689,990,000 after buying an additional 68,152 shares during the period. State Street Corp raised its position in Entegris by 1.2% in the 4th quarter. State Street Corp now owns 5,152,176 shares of the semiconductor company’s stock valued at $434,071,000 after purchasing an additional 61,549 shares in the last quarter. Durable Capital Partners LP raised its holdings in shares of Entegris by 23.2% in the 3rd quarter. Durable Capital Partners LP now owns 3,765,035 shares of the semiconductor company’s stock valued at $348,115,000 after purchasing an additional 709,121 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Entegris by 13.4% during the fourth quarter. Invesco Ltd. now owns 3,592,669 shares of the semiconductor company’s stock worth $302,682,000 after purchasing an additional 424,812 shares during the last quarter.

Insider Transactions at Entegris

In other Entegris news, SVP Susan G. Rice sold 2,062 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $149.52, for a total transaction of $308,310.24. Following the completion of the transaction, the senior vice president directly owned 66,976 shares of the company’s stock, valued at $10,014,251.52. The trade was a 2.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Olivier Blachier sold 2,000 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $5,622,618.02. The trade was a 5.41% decrease in their position. 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. Over the last quarter, insiders sold 7,978 shares of company stock worth $1,273,734. Insiders own 0.53% of the company’s stock.

Entegris Price Performance

Shares of NASDAQ:ENTG opened at $138.74 on Friday. The company has a market cap of $21.16 billion, a PE ratio of 69.72, a P/E/G ratio of 1.20 and a beta of 1.37. Entegris, Inc. has a fifty-two week low of $67.97 and a fifty-two week high of $186.94. The company has a quick ratio of 1.85, a current ratio of 3.05 and a debt-to-equity ratio of 0.83. The firm has a 50-day simple moving average of $141.50 and a 200 day simple moving average of $138.00.

Entegris (NASDAQ:ENTG) last released 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. The business had revenue of $883.20 million during the quarter, compared to analyst estimates of $835.79 million. Entegris had a return on equity of 12.25% and a net margin of 9.18%.The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.66 EPS. Entegris has set its Q3 2026 guidance at 0.960-1.040 EPS. On average, sell-side analysts anticipate that Entegris, Inc. will post 3.91 EPS 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 given a dividend of $0.10 per share. The ex-dividend date was Wednesday, July 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. Entegris’s dividend payout ratio is currently 20.10%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ENTG shares. Needham & Company LLC increased their price objective on Entegris from $165.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. BMO Capital Markets lifted their target price on shares of Entegris from $153.00 to $167.00 and gave the stock an “outperform” rating in a research report on Monday, July 6th. Zacks Research upgraded shares of Entegris from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. UBS Group upped their price objective on Entegris from $205.00 to $215.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Finally, Mizuho raised their price objective on Entegris from $180.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $170.89.

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.