Entegris, Inc. $ENTG Stock: CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT Decreases Position

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT cut its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 6.8% during the third quarter, HoldingsChannel.com reports. The fund owned 55,000 shares of the semiconductor company’s stock after selling 4,000 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s holdings in Entegris were worth $8,473,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Evergreen Capital Management LLC raised its position in Entegris by 1.5% in the third quarter. Evergreen Capital Management LLC now owns 5,372 shares of the semiconductor company’s stock valued at $828,000 after purchasing an additional 79 shares during the period. Ancora Advisors LLC grew its position in shares of Entegris by 85.1% during the second quarter. Ancora Advisors LLC now owns 174 shares of the semiconductor company’s stock worth $31,000 after buying an additional 80 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings in shares of Entegris by 51.1% in the 3rd quarter. SBI Securities Co. Ltd. now owns 278 shares of the semiconductor company’s stock valued at $43,000 after acquiring an additional 94 shares during the last quarter. Fortitude Family Office LLC lifted its position in Entegris by 25.9% in the third quarter. Fortitude Family Office LLC now owns 511 shares of the semiconductor company’s stock valued at $79,000 after acquiring an additional 105 shares during the last quarter. Finally, Parvin Asset Management LLC boosted its position in shares of Entegris by 19.2% in the 1st quarter. Parvin Asset Management LLC now owns 745 shares of the semiconductor company’s stock valued at $87,000 after purchasing an additional 120 shares during the period.

Insider Buying and Selling

In related news, insider Olivier Blachier sold 2,000 shares of the stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $160.66, for a total transaction of $321,320.00. Following the sale, the insider owned 34,997 shares in the company, valued at $5,622,618.02. This represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Susan Rice sold 2,062 shares of the stock in a transaction 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 completion of the sale, the senior vice president directly owned 66,976 shares in the company, valued at $10,014,251.52. This represents a 2.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 7,978 shares of company stock worth $1,273,734 over the last quarter. 0.53% of the stock is owned by company insiders.

Analyst Ratings Changes

ENTG has been the subject of several analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Entegris in a research note on Monday, August 3rd. Deutsche Bank Aktiengesellschaft raised Entegris from a “hold” rating to a “buy” rating and lifted their price target for the stock from $152.00 to $200.00 in a research note on Wednesday, August 12th. Mizuho boosted their price target on Entegris from $180.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. Truist Financial initiated coverage on shares of Entegris in a research note on Wednesday, October 14th. They issued a “buy” rating and a $190.00 target price for the company. Finally, Needham & Company LLC upped their price objective on shares of Entegris from $165.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $181.67.

Entegris Stock Performance

NASDAQ:ENTG opened at $140.22 on Tuesday. 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 firm has a market capitalization of $21.38 billion, a price-to-earnings ratio of 70.46, a PEG ratio of 1.23 and a beta of 1.40. The firm’s fifty day simple moving average is $145.89 and its 200 day simple moving average is $136.74. 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 results on Tuesday, August 4th. The semiconductor company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.11. Entegris had a return on equity of 12.25% and a net margin of 9.18%. The firm had revenue of $883.20 million during the quarter, compared to the consensus estimate of $835.79 million. During the same period in the prior year, the firm earned $0.66 EPS. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. Entegris has set its Q3 2026 guidance at 0.960-1.040 EPS. As a group, equities research analysts expect that Entegris, Inc. will post 3.93 earnings per share for the current fiscal year.

Entegris Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 18th. Shareholders of record on Wednesday, October 28th will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, October 28th. This represents a $0.40 annualized dividend and a yield of 0.3%. Entegris’s payout ratio is presently 20.10%.

Entegris Company Profile

Entegris, Inc is a materials science and process technology company that supplies products and solutions used in the manufacture of semiconductors and other advanced technology products. Its offerings help chipmakers manage contamination, handle sensitive materials, and improve process control across the semiconductor production cycle.

The company’s products include specialty chemicals and gases, filtration and purification systems, wafer and substrate handling products, fluid-management components, and advanced materials used in semiconductor fabrication.