Narwhal Capital Management Sells 14,370 Shares of Entegris, Inc. $ENTG

Narwhal Capital Management cut its position in Entegris, Inc. (NASDAQ:ENTG) by 25.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,327 shares of the semiconductor company’s stock after selling 14,370 shares during the quarter. Narwhal Capital Management’s holdings in Entegris were worth $3,914,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the company. Primecap Management Co. CA raised its position in shares of Entegris by 12.0% in the second quarter. Primecap Management Co. CA now owns 3,065,170 shares of the semiconductor company’s stock worth $247,206,000 after buying an additional 329,306 shares in the last quarter. Durable Capital Partners LP raised its holdings in shares of Entegris by 4.9% in the 2nd quarter. Durable Capital Partners LP now owns 3,055,914 shares of the semiconductor company’s stock valued at $246,459,000 after acquiring an additional 141,497 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Entegris by 31.2% in the 2nd quarter. Bank of America Corp DE now owns 3,031,048 shares of the semiconductor company’s stock valued at $244,454,000 after acquiring an additional 720,467 shares in the last quarter. Norges Bank bought a new stake in shares of Entegris during the 2nd quarter valued at about $211,786,000. Finally, Rafferty Asset Management LLC grew its holdings in shares of Entegris by 64.4% during the second quarter. Rafferty Asset Management LLC now owns 1,970,734 shares of the semiconductor company’s stock worth $158,940,000 after purchasing an additional 771,650 shares in the last quarter.

Insider Activity

In related news, SVP Joseph Colella sold 3,577 shares of the company’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $88.41, for a total transaction of $316,242.57. Following the completion of the sale, the senior vice president directly owned 34,364 shares in the company, valued at $3,038,121.24. This represents a 9.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Olivier Blachier sold 488 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $77.43, for a total transaction of $37,785.84. Following the completion of the sale, the senior vice president directly owned 14,124 shares in the company, valued at approximately $1,093,621.32. This trade represents a 3.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 63,643 shares of company stock valued at $4,966,433 in the last three months. Corporate insiders own 0.67% of the company’s stock.

Entegris Stock Up 3.1%

Shares of NASDAQ:ENTG opened at $102.99 on Friday. The stock has a market capitalization of $15.61 billion, a P/E ratio of 54.49 and a beta of 1.31. The stock’s 50-day moving average price is $85.16 and its 200-day moving average price is $86.21. The company has a current ratio of 3.44, a quick ratio of 2.13 and a debt-to-equity ratio of 0.99. Entegris, Inc. has a 12-month low of $60.75 and a 12-month high of $110.46.

Entegris (NASDAQ:ENTG) last issued its earnings results on Wednesday, July 6th. The semiconductor company reported $0.70 earnings per share for the quarter. Entegris had a return on equity of 11.61% and a net margin of 8.95%.The company had revenue of $512.84 million during the quarter. Entegris has set its Q4 2025 guidance at 0.620-0.690 EPS. On average, equities analysts anticipate that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Stockholders of record on Wednesday, October 29th were issued a $0.10 dividend. The ex-dividend date was Wednesday, October 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. Entegris’s dividend payout ratio (DPR) is currently 21.16%.

Wall Street Analyst Weigh In

ENTG has been the topic of a number of recent analyst reports. Mizuho lowered their target price on shares of Entegris from $108.00 to $96.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. The Goldman Sachs Group cut shares of Entegris from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $88.00 to $75.00 in a research report on Monday, December 15th. KeyCorp upped their target price on shares of Entegris from $107.00 to $111.00 and gave the stock an “overweight” rating in a research report on Friday. Weiss Ratings reissued a “hold (c)” rating on shares of Entegris in a research note on Monday, December 29th. Finally, Zacks Research raised Entegris from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 30th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $95.57.

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.