Public Employees Retirement System of Ohio Makes New Investment in Entegris, Inc. $ENTG

Public Employees Retirement System of Ohio bought a new stake in shares of Entegris, Inc. (NASDAQ:ENTG) in the second quarter, Holdings Channel reports. The fund bought 46,424 shares of the semiconductor company’s stock, valued at approximately $8,350,000.

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

Insider Transactions at Entegris

In other Entegris news, Director James P. Lederer sold 3,569 shares of the company’s 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 sale, the director owned 18,277 shares of the company’s stock, valued at $2,624,394.43. This represents a 16.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Olivier Blachier sold 2,000 shares of the 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 transaction, the insider owned 34,997 shares in the company, valued at $5,622,618.02. The trade was a 5.41% 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. In the last quarter, insiders sold 11,547 shares of company stock valued at $1,786,207. 0.53% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. UBS Group upped their price target on shares of Entegris from $205.00 to $215.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. The Goldman Sachs Group raised Entegris from a “sell” rating to a “buy” rating in a research note on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft upgraded Entegris from a “hold” rating to a “buy” rating and boosted their target price for the stock from $152.00 to $200.00 in a research report on Wednesday, August 12th. Needham & Company LLC raised their price target on Entegris from $165.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Finally, Mizuho lifted their price target 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 assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Entegris has a consensus rating of “Buy” and a consensus price target of $170.89.

Entegris Stock Performance

NASDAQ ENTG opened at $135.29 on Tuesday. Entegris, Inc. has a 52-week low of $67.97 and a 52-week high of $186.94. The company has a fifty day moving average of $144.42 and a 200-day moving average of $138.06. The company has a market capitalization of $20.63 billion, a P/E ratio of 67.98, a P/E/G ratio of 1.24 and a beta of 1.35. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.85 and a current ratio of 3.05.

Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Tuesday, August 4th. The semiconductor company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.11. Entegris had a return on equity of 12.25% and a net margin of 9.18%.The business had revenue of $883.20 million for the quarter, compared to the consensus estimate of $835.79 million. During the same quarter last year, the business posted $0.66 earnings per share. The company’s revenue for the quarter 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 research analysts predict that Entegris, Inc. will post 3.91 EPS for the current fiscal year.

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Wednesday, July 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 0.3%. The ex-dividend date of this dividend was Wednesday, July 29th. Entegris’s dividend payout ratio (DPR) is currently 20.10%.

Entegris 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.