Clifford Swan Investment Counsel LLC Sells 27,646 Shares of Entegris, Inc. $ENTG

Clifford Swan Investment Counsel LLC decreased its holdings in Entegris, Inc. (NASDAQ:ENTG) by 14.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 163,566 shares of the semiconductor company’s stock after selling 27,646 shares during the period. Entegris makes up 0.9% of Clifford Swan Investment Counsel LLC’s investment portfolio, making the stock its 29th largest position. Clifford Swan Investment Counsel LLC’s holdings in Entegris were worth $29,419,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Entegris during the 2nd quarter valued at approximately $3,683,556,000. Primecap Management Co. CA purchased a new position in Entegris in the 2nd quarter valued at approximately $562,141,000. Bank of America Corp DE purchased a new position in Entegris in the 2nd quarter valued at approximately $489,403,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Entegris during the 2nd quarter valued at $486,101,000. Finally, Invesco Ltd. raised its holdings in Entegris by 183.5% during the 3rd quarter. Invesco Ltd. now owns 3,167,857 shares of the semiconductor company’s stock valued at $292,900,000 after acquiring an additional 2,050,473 shares during the period.

Entegris Stock Up 0.3%

Shares of NASDAQ:ENTG opened at $135.29 on Tuesday. The firm has a fifty day moving average price of $144.42 and a two-hundred day moving average price of $138.06. The company has a debt-to-equity ratio of 0.83, a current ratio of 3.05 and a quick ratio of 1.85. Entegris, Inc. has a one year low of $67.97 and a one year high of $186.94. The company has a market cap of $20.63 billion, a price-to-earnings ratio of 67.98, a PEG ratio of 1.24 and a beta of 1.35.

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, topping the consensus estimate of $0.82 by $0.11. Entegris had a net margin of 9.18% and a return on equity of 12.25%. The firm had revenue of $883.20 million for the quarter, compared to analysts’ expectations of $835.79 million. During the same quarter in the prior year, the firm posted $0.66 earnings per share. The business’s quarterly revenue was up 11.5% on a year-over-year basis. Entegris has set its Q3 2026 guidance at 0.960-1.040 EPS. Analysts anticipate that Entegris, Inc. will post 3.91 EPS for the current fiscal year.

Entegris Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Wednesday, July 29th were given 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 was Wednesday, July 29th. Entegris’s dividend payout ratio (DPR) is 20.10%.

Insiders Place Their Bets

In other news, SVP Joseph Colella sold 3,916 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $164.48, for a total transaction of $644,103.68. Following the completion of the transaction, the senior vice president owned 50,297 shares of the company’s stock, valued at approximately $8,272,850.56. The trade was a 7.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James P. Lederer sold 3,569 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $143.59, for a total transaction of $512,472.71. Following the completion of the sale, the director directly owned 18,277 shares in the company, 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 11,547 shares of company stock worth $1,786,207 over the last three months. Company insiders own 0.53% of the company’s stock.

Wall Street Analyst Weigh In

ENTG has been the subject of a number of analyst reports. Wall Street Zen lowered Entegris from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th. BMO Capital Markets boosted their price objective on Entegris from $153.00 to $167.00 and gave the company an “outperform” rating in a research note on Monday, July 6th. The Goldman Sachs Group raised Entegris from a “sell” rating to a “buy” rating in a report on Wednesday, August 12th. UBS Group raised their target price on Entegris from $205.00 to $215.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Finally, Mizuho lifted their target price on Entegris from $180.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $170.89.

Entegris Company 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.