Mirae Asset Global Investments Co. Ltd. Makes New Investment in Entegris, Inc. $ENTG

Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Entegris, Inc. (NASDAQ:ENTG) during the third quarter, Holdings Channel.com reports. The firm purchased 236,227 shares of the semiconductor company’s stock, valued at approximately $36,393,000.

Several other hedge funds have also made changes to their positions in ENTG. BlackRock Inc. purchased a new stake in Entegris in the 2nd quarter worth about $3,683,556,000. Primecap Management Co. CA purchased a new position in Entegris during the 2nd quarter valued at about $562,141,000. Bank of America Corp DE purchased a new position in Entegris during the 2nd quarter valued at about $489,403,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Entegris during the 2nd quarter valued at about $486,101,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Entegris in the 2nd quarter valued at about $248,869,000.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ENTG shares. Deutsche Bank Aktiengesellschaft upgraded shares of Entegris from a “hold” rating to a “buy” rating and increased their target price for the stock from $152.00 to $200.00 in a research report on Wednesday, August 12th. Zacks Research lowered shares of Entegris from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 7th. UBS Group restated a “buy” rating and set a $220.00 price target on shares of Entegris in a report on Friday. Needham & Company LLC upped their price target on shares of Entegris from $170.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, BMO Capital Markets increased their price objective on Entegris from $153.00 to $167.00 and gave the stock an “outperform” rating in a report on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $187.17.

Insider Buying and Selling at Entegris

In related news, SVP Joseph Colella sold 3,916 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $164.48, for a total transaction of $644,103.68. Following the sale, the senior vice president directly owned 50,297 shares in the company, valued at $8,272,850.56. This represents a 7.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Susan Rice sold 2,062 shares of Entegris stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $149.52, for a total value of $308,310.24. Following the completion of the transaction, the senior vice president directly owned 66,976 shares of the company’s stock, valued at $10,014,251.52. This represents a 2.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 7,978 shares of company stock worth $1,273,734 over the last ninety days. Corporate insiders own 0.53% of the company’s stock.

Entegris Stock Performance

Shares of NASDAQ:ENTG opened at $154.39 on Monday. The company has a market cap of $23.59 billion, a P/E ratio of 60.31, a P/E/G ratio of 1.34 and a beta of 1.39. The stock’s 50-day moving average is $146.32 and its 200-day moving average is $137.85. Entegris, Inc. has a 52-week low of $67.97 and a 52-week high of $186.94. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.59 and a current ratio of 2.66.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Thursday, October 29th. The semiconductor company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.20. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $925.35 million. Entegris had a return on equity of 13.86% and a net margin of 11.14%. Entegris’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.72 earnings per share. Equities research analysts predict that Entegris, Inc. will post 4.16 earnings per share for the current year.

Entegris Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 18th. Shareholders of record on Wednesday, October 28th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, October 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. Entegris’s dividend payout ratio (DPR) is presently 15.62%.

More Entegris News

Here are the key news stories impacting Entegris this week:

• Positive Sentiment: Q3 results exceeded expectations. Entegris reported $1.23 in adjusted EPS versus the $1.03 consensus estimate, while revenue reached approximately $1.01 billion—up 24.6% year over year and well above expectations of roughly $925 million. The company also reported improved gross and operating margins. Entegris Q3 earnings report
• Positive Sentiment: Management issued constructive fourth-quarter guidance. Entegris projected sales of $1.025 billion to $1.055 billion and GAAP EPS of $1.09 to $1.17, supporting expectations for continued semiconductor-related demand. The company also generated $266.8 million in operating cash flow and paid down $200 million of debt. Entegris reports record Q3 revenue
• Positive Sentiment: Several analysts raised their targets. UBS lifted its target to $220 and reaffirmed Buy, while Barclays raised its target to $224 with an Overweight rating. Truist increased its target to $199 and maintained Buy, and Needham raised its target to $185. UBS raises Entegris price target
• Neutral Sentiment: Analyst views remain split. Goldman Sachs raised its target to $135 but retained a Sell rating, implying the recent rally may have outpaced fundamentals. The wide range of targets highlights uncertainty over Entegris’ growth and margin outlook.
• Negative Sentiment: Valuation may be limiting upside. With a reported price-to-earnings ratio near 78, investors may be demanding sustained earnings growth. Reports of insider selling, without corresponding purchases over the past six months, could also weigh on sentiment.

About Entegris

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.