Hsbc Holdings PLC Sells 52,781 Shares of Entegris, Inc. $ENTG

Hsbc Holdings PLC trimmed its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 57.4% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 39,204 shares of the semiconductor company’s stock after selling 52,781 shares during the quarter. Hsbc Holdings PLC’s holdings in Entegris were worth $3,414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Entegris by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 15,553,199 shares of the semiconductor company’s stock valued at $1,360,594,000 after buying an additional 351,053 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Entegris by 235.8% during the 1st quarter. Principal Financial Group Inc. now owns 5,014,198 shares of the semiconductor company’s stock valued at $438,642,000 after buying an additional 3,520,997 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Entegris by 16.5% during the 4th quarter. Ameriprise Financial Inc. now owns 2,199,161 shares of the semiconductor company’s stock valued at $217,850,000 after buying an additional 312,042 shares during the period. Durable Capital Partners LP lifted its holdings in shares of Entegris by 16.5% during the 4th quarter. Durable Capital Partners LP now owns 2,033,219 shares of the semiconductor company’s stock valued at $201,411,000 after buying an additional 288,213 shares during the period. Finally, Northern Trust Corp raised its holdings in Entegris by 29.3% in the 1st quarter. Northern Trust Corp now owns 1,568,691 shares of the semiconductor company’s stock worth $137,229,000 after purchasing an additional 355,663 shares during the period.

Wall Street Analyst Weigh In

ENTG has been the topic of a number of recent research reports. KeyCorp reaffirmed an “overweight” rating and issued a $103.00 target price (down from $112.00) on shares of Entegris in a report on Thursday, July 31st. Citigroup decreased their target price on Entegris from $125.00 to $102.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 target price on shares of Entegris in a report on Tuesday, May 20th. The Goldman Sachs Group initiated coverage on Entegris in a report on Thursday, July 10th. They issued a “neutral” rating and a $85.00 target price on the stock. Finally, Wall Street Zen cut Entegris from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $106.44.

Entegris Trading Down 1.3%

Shares of ENTG stock opened at $85.63 on Wednesday. Entegris, Inc. has a 52-week low of $60.75 and a 52-week high of $117.88. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.95 and a current ratio of 3.30. The firm has a market capitalization of $12.98 billion, a PE ratio of 44.14 and a beta of 1.22. The stock has a fifty day simple moving average of $82.76 and a two-hundred day simple moving average of $84.02.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.01. Entegris had a return on equity of 12.05% and a net margin of 9.17%.The business had revenue of $792.40 million during the quarter, compared to analyst estimates of $753.85 million. During the same quarter in the prior year, the business posted $0.71 EPS. Entegris’s revenue for the quarter was down 2.5% compared to the same quarter last year. Entegris has set its Q3 2025 guidance at 0.680-0.700 EPS. On average, analysts predict that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Wednesday, July 30th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Wednesday, July 30th. Entegris’s dividend payout ratio is presently 20.62%.

Insiders Place Their Bets

In other news, SVP Clinton M. Haris sold 3,627 shares of the firm’s stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $90.00, for a total transaction of $326,430.00. Following the completion of the transaction, the senior vice president owned 37,743 shares in the company, valued at $3,396,870. This trade represents a 8.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Susan G. Rice sold 8,858 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $79.84, for a total value of $707,222.72. Following the transaction, the senior vice president owned 56,912 shares of the company’s stock, valued at approximately $4,543,854.08. The trade was a 13.47% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company’s stock.

Entegris Profile

Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions in North America, Taiwan, China, South Korea, Japan, Europe, and Southeast Asia. It operates in three segments: Materials Solutions (MS); Microcontamination Control (MC); and Advanced Materials Handling (AMH).