SCHEDULE 13G/A: T. Rowe Price Associates Discloses 7.4% Stake in Entegris Inc.
Beneficial Ownership Report
T. Rowe Price Associates, Inc. has reported a 7.4% beneficial ownership stake in Entegris Inc., holding over 11.2 million shares as of December 31, 2024.
Summary
- T. Rowe Price Associates, Inc. has filed an Amendment No. 2 to Schedule 13G, disclosing its beneficial ownership in Entegris Inc.
- As of December 31, 2024, T. Rowe Price Associates, Inc. beneficially owns an aggregate of 11,204,937 shares of Entegris Inc. common stock.
- This ownership represents 7.4% of Entegris Inc.'s common stock class.
- T. Rowe Price Associates, Inc. holds sole voting power over 10,638,190 shares and sole dispositive power over 11,204,971 shares.
- The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Sentiment
Score: 6
Explanation: The filing of a Schedule 13G by a major institutional investor like T. Rowe Price Associates, Inc., indicating a significant passive stake, is generally viewed as a positive signal of confidence in the issuer's long-term value, although it does not provide operational or financial performance details.
Positives
- The disclosure of a significant stake by a reputable institutional investor like T. Rowe Price Associates, Inc. can be interpreted as a vote of confidence in Entegris Inc.'s long-term prospects.
- T. Rowe Price Associates, Inc. holds a substantial 7.4% of the common stock, indicating a material investment.
Negatives
- This filing does not contain information that would typically be categorized as negative regarding the issuer's performance or outlook.
Risks
- This document, a Schedule 13G, does not detail specific risks related to Entegris Inc.'s operations or financial health. It is solely a beneficial ownership report.
Future Outlook
NA
Industry Context
Schedule 13G filings are mandatory disclosures by institutional investors who acquire more than 5% of a company's voting shares, indicating a significant, passive investment. The filing by T. Rowe Price Associates, Inc., a major investment adviser, signals its belief in Entegris Inc.'s value proposition within the broader market, without intending to influence control.
Stakeholder Impact
- Shareholders: The disclosure of a significant institutional holder provides transparency regarding the ownership structure and can influence investor sentiment, potentially signaling institutional confidence.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which requires filing of this statement (beneficial ownership stake calculation date). |
| 02/14/2025 | Date of filing of this Schedule 13G Amendment No. 2. |
Keywords
Entegris Inc., T. Rowe Price Associates, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, SEC Filing, Investment Adviser, Ownership Stake
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