Bank of New York Mellon Corp Acquires 105,235 Shares of Entegris, Inc. $ENTG

Bank of New York Mellon Corp raised its holdings in Entegris, Inc. (NASDAQ:ENTG) by 8.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,428,627 shares of the semiconductor company’s stock after purchasing an additional 105,235 shares during the quarter. Bank of New York Mellon Corp’s holdings in Entegris were worth $167,492,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Steph & Co. acquired a new position in shares of Entegris during the 4th quarter worth $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Entegris in the fourth quarter valued at about $29,000. Millstone Evans Group LLC boosted 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 in the last quarter. Johnson Financial Group Inc. grew its position in Entegris by 147.5% in the fourth 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 during the last quarter. Finally, First Horizon Corp grew its position in Entegris by 147.1% in the first quarter. First Horizon Corp now owns 299 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 178 shares during the last quarter.

Analysts Set New Price Targets

Several brokerages have commented on ENTG. Oppenheimer reissued an “outperform” rating and set a $160.00 target price on shares of Entegris in a research note on Friday, May 1st. Deutsche Bank Aktiengesellschaft raised their price target on shares of Entegris from $145.00 to $155.00 and gave the company a “hold” rating in a research note on Monday, July 6th. Needham & Company LLC lifted their price target on shares of Entegris from $150.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Wall Street Zen upgraded shares of Entegris from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 12th. Finally, Mizuho increased their price objective on shares of Entegris from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. Seven investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $164.22.

Insiders Place Their Bets

In other Entegris news, Director James P. Lederer sold 3,569 shares of the business’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 sale, the director directly owned 18,277 shares of the company’s stock, valued at $2,624,394.43. The trade was a 16.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Joseph Colella sold 6,326 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $140.17, for a total transaction of $886,715.42. Following the completion of the transaction, the senior vice president owned 50,121 shares of the company’s stock, valued at approximately $7,025,460.57. This trade represents a 11.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 44,466 shares of company stock worth $6,186,624 over the last quarter. 0.53% of the stock is currently owned by corporate insiders.

Entegris Trading Up 3.1%

Shares of ENTG stock opened at $138.74 on Friday. Entegris, Inc. has a twelve month low of $67.97 and a twelve month high of $186.94. The stock’s fifty day simple moving average is $146.53 and its 200 day simple moving average is $131.11. The company has a quick ratio of 2.05, a current ratio of 3.21 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $21.16 billion, a P/E ratio of 80.20, a P/E/G ratio of 1.62 and a beta of 1.31.

Entegris (NASDAQ:ENTG) last posted its earnings results on Thursday, April 30th. The semiconductor company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.75 by $0.11. Entegris had a return on equity of 11.45% and a net margin of 8.18%.The firm had revenue of $811.90 million during the quarter, compared to the consensus estimate of $808.72 million. During the same period last year, the company earned $0.67 earnings per share. The business’s quarterly revenue was up 5.0% on a year-over-year basis. Entegris has set its Q2 2026 guidance at 0.760-0.840 EPS. As a group, sell-side analysts predict that Entegris, Inc. will post 3.65 EPS for the current fiscal year.

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Wednesday, July 29th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, July 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. Entegris’s dividend payout ratio is currently 23.12%.

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.