Allstate Corp Raises Holdings in Entegris, Inc. $ENTG

Allstate Corp boosted its position in Entegris, Inc. (NASDAQ:ENTG) by 94.6% during the fourth quarter, HoldingsChannel reports. The fund owned 9,952 shares of the semiconductor company’s stock after buying an additional 4,837 shares during the quarter. Allstate Corp’s holdings in Entegris were worth $838,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ENTG. Ameriflex Group Inc. bought a new stake in Entegris in the 3rd quarter valued at about $25,000. Steph & Co. purchased a new position in shares of Entegris in the fourth quarter worth about $25,000. SBI Securities Co. Ltd. increased its stake in shares of Entegris by 260.8% in the third quarter. SBI Securities Co. Ltd. now owns 285 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 206 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Entegris in the fourth quarter worth about $29,000. Finally, Sound Income Strategies LLC increased its stake in shares of Entegris by 407.0% in the fourth quarter. Sound Income Strategies LLC now owns 507 shares of the semiconductor company’s stock worth $43,000 after purchasing an additional 407 shares in the last quarter.

Entegris Price Performance

Shares of NASDAQ:ENTG opened at $138.79 on Friday. The company has a 50 day moving average of $134.37 and a 200 day moving average of $114.47. The stock has a market cap of $21.17 billion, a P/E ratio of 80.23, a P/E/G ratio of 1.73 and a beta of 1.39. Entegris, Inc. has a 12 month low of $66.32 and a 12 month high of $159.15. The company has a current ratio of 3.21, a quick ratio of 2.05 and a debt-to-equity ratio of 0.91.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.75 by $0.11. The company had revenue of $811.90 million during the quarter, compared to analysts’ expectations of $808.72 million. Entegris had a net margin of 8.18% and a return on equity of 11.45%. Entegris’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.67 earnings per share. Entegris has set its Q2 2026 guidance at 0.760-0.840 EPS. As a group, sell-side analysts forecast that Entegris, Inc. will post 3.59 EPS for the current fiscal year.

Entegris Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Wednesday, April 29th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, April 29th. This represents a $0.40 annualized dividend and a yield of 0.3%. Entegris’s payout ratio is currently 23.12%.

Insider Activity at Entegris

In related news, SVP Clinton M. Haris sold 6,848 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $149.23, for a total transaction of $1,021,927.04. Following the completion of the transaction, the senior vice president owned 54,961 shares of the company’s stock, valued at approximately $8,201,830.03. The trade was a 11.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Joseph Colella sold 6,326 shares of the business’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 transaction, the senior vice president directly owned 50,121 shares of the company’s stock, valued at approximately $7,025,460.57. This represents a 11.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 104,298 shares of company stock valued at $14,703,157 in the last quarter. 0.53% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Oppenheimer reiterated an “outperform” rating and issued a $160.00 target price on shares of Entegris in a research note on Friday, May 1st. BMO Capital Markets reiterated an “outperform” rating and issued a $148.00 target price on shares of Entegris in a research note on Wednesday, February 11th. Needham & Company LLC lifted their target price on shares of Entegris from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Wall Street Zen downgraded shares of Entegris from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Weiss Ratings upgraded shares of Entegris from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Seven research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $154.33.

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.