ICONIQ Capital LLC Sells 1,644 Shares of Entegris, Inc. $ENTG

ICONIQ Capital LLC trimmed its position in Entegris, Inc. (NASDAQ:ENTG) by 30.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,819 shares of the semiconductor company’s stock after selling 1,644 shares during the period. ICONIQ Capital LLC’s holdings in Entegris were worth $334,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Costello Asset Management INC bought a new position in shares of Entegris in the 1st quarter worth approximately $26,000. Central Pacific Bank Trust Division increased its holdings in Entegris by 125.7% during the first quarter. Central Pacific Bank Trust Division now owns 307 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 171 shares during the last quarter. Quarry LP purchased a new stake in Entegris during the fourth quarter valued at approximately $28,000. Neo Ivy Capital Management bought a new position in Entegris in the fourth quarter worth approximately $34,000. Finally, Summit Securities Group LLC purchased a new position in shares of Entegris during the 1st quarter worth $36,000.

Entegris Stock Down 1.2%

ENTG opened at $86.75 on Tuesday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.95 and a current ratio of 3.30. Entegris, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $119.95. The firm’s fifty day moving average is $82.58 and its 200 day moving average is $84.01. The stock has a market cap of $13.15 billion, a price-to-earnings ratio of 44.72 and a beta of 1.22.

Entegris (NASDAQ:ENTG) last released its earnings results on Wednesday, July 30th. The semiconductor company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.01. Entegris had a net margin of 9.17% and a return on equity of 12.05%. The company had revenue of $792.40 million for the quarter, compared to analysts’ expectations of $753.85 million. During the same quarter in the previous year, the company earned $0.71 EPS. Entegris’s revenue for the quarter was down 2.5% on a year-over-year basis. Entegris has set its Q3 2025 guidance at 0.680-0.700 EPS. On average, sell-side analysts forecast that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Wednesday, July 30th were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, July 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. Entegris’s payout ratio is 20.62%.

Wall Street Analyst Weigh In

Several research firms have recently commented on ENTG. Mizuho upped their price objective on Entegris from $90.00 to $98.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 15th. KeyCorp reissued an “overweight” rating and set a $103.00 price target (down previously from $112.00) on shares of Entegris in a report on Thursday, July 31st. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Entegris in a research note on Tuesday, May 20th. The Goldman Sachs Group began coverage on Entegris in a research report on Thursday, July 10th. They set a “neutral” rating and a $85.00 price objective on the stock. Finally, UBS Group cut their price objective on Entegris from $95.00 to $90.00 and set a “neutral” rating for the company in a research note on Thursday, July 31st. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $106.44.

Insiders Place Their Bets

In other Entegris news, SVP Susan G. Rice sold 8,858 shares of Entegris stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $79.84, for a total value of $707,222.72. Following the sale, the senior vice president directly owned 56,912 shares in the company, valued at approximately $4,543,854.08. The trade was a 13.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Clinton M. Haris sold 3,627 shares of Entegris stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $90.00, for a total transaction of $326,430.00. Following the completion of the sale, the senior vice president owned 37,743 shares in the company, valued at approximately $3,396,870. This represents a 8.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by insiders.

Entegris Profile

Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions in North America, Taiwan, China, South Korea, Japan, Europe, and Southeast Asia. It operates in three segments: Materials Solutions (MS); Microcontamination Control (MC); and Advanced Materials Handling (AMH).