Oppenheimer Asset Management Inc. Buys New Position in Entegris, Inc. $ENTG

Oppenheimer Asset Management Inc. bought a new position in shares of Entegris, Inc. (NASDAQ:ENTG) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 64,212 shares of the semiconductor company’s stock, valued at approximately $11,549,000.

Other hedge funds have also added to or reduced their stakes in the company. Millstone Evans Group LLC lifted its stake in Entegris by 191.3% in the first quarter. Millstone Evans Group LLC now owns 268 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 176 shares during the period. First Horizon Corp boosted its holdings in shares of Entegris by 147.1% during the 1st quarter. First Horizon Corp now owns 299 shares of the semiconductor company’s stock worth $35,000 after buying an additional 178 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Entegris during the 4th quarter worth approximately $29,000. Elevated Capital Advisors LLC acquired a new stake in shares of Entegris during the 1st quarter worth approximately $44,000. Finally, Johnson Financial Group Inc. increased its stake in shares of Entegris by 147.5% in the 4th quarter. Johnson Financial Group Inc. now owns 396 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 236 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. BMO Capital Markets boosted their target price on shares of Entegris from $153.00 to $167.00 and gave the company an “outperform” rating in a research report on Monday, July 6th. Mizuho raised their price target on shares of Entegris from $180.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft raised shares of Entegris from a “hold” rating to a “buy” rating and lifted their price target for the company from $152.00 to $200.00 in a research note on Wednesday. UBS Group upped their price objective on shares of Entegris from $205.00 to $215.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Finally, Citigroup reissued a “buy” rating on shares of Entegris in a research report on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $170.89.

Entegris Trading Down 1.3%

NASDAQ ENTG opened at $161.76 on Friday. The company has a quick ratio of 1.85, a current ratio of 3.05 and a debt-to-equity ratio of 0.83. Entegris, Inc. has a 52 week low of $67.97 and a 52 week high of $186.94. The business has a 50 day moving average price of $146.89 and a 200-day moving average price of $136.04. The company has a market cap of $24.67 billion, a price-to-earnings ratio of 81.29, a P/E/G ratio of 1.51 and a beta of 1.35.

Entegris (NASDAQ:ENTG) last issued its earnings results on Tuesday, August 4th. The semiconductor company reported $0.93 earnings per share (EPS) for the quarter, topping 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 company had revenue of $883.20 million for the quarter, compared to analysts’ expectations of $835.79 million. During the same period last year, the business earned $0.66 EPS. Entegris’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 analysts expect that Entegris, Inc. will post 3.91 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Wednesday, July 29th will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, July 29th. This represents a $0.40 annualized dividend and a yield of 0.2%. Entegris’s dividend payout ratio is presently 20.10%.

Insider Buying and Selling at Entegris

In other Entegris news, SVP Clinton M. Haris sold 6,848 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $149.23, for a total value of $1,021,927.04. Following the transaction, the senior vice president directly owned 54,961 shares of the company’s stock, valued at approximately $8,201,830.03. This trade represents a 11.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James P. Lederer sold 3,569 shares of Entegris stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $143.59, for a total transaction of $512,472.71. Following the transaction, 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 SEC filing for this sale provides additional information. Insiders sold a total of 16,395 shares of company stock valued at $2,486,814 over the last ninety days. 0.53% of the stock is currently owned by corporate insiders.

About Entegris

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.