Entegris, Inc. $ENTG Stock: Riverbridge Partners LLC Lowers Position

Riverbridge Partners LLC reduced its position in Entegris, Inc. (NASDAQ:ENTG) by 24.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 103,843 shares of the semiconductor company’s stock after selling 33,612 shares during the period. Riverbridge Partners LLC’s holdings in Entegris were worth $15,998,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Fulcrum Asset Management LLP purchased a new stake in shares of Entegris during the 3rd quarter worth about $25,000. Ancora Advisors LLC bought a new stake in shares of Entegris in the 2nd quarter valued at approximately $31,000. Transamerica Financial Advisors LLC bought a new stake in shares of Entegris in the 2nd quarter valued at approximately $32,000. Boit C F David acquired a new position in Entegris in the third quarter worth approximately $32,000. Finally, SBI Securities Co. Ltd. increased its holdings in Entegris by 51.1% in the third quarter. SBI Securities Co. Ltd. now owns 278 shares of the semiconductor company’s stock worth $43,000 after buying an additional 94 shares during the last quarter.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ENTG. Deutsche Bank Aktiengesellschaft raised shares of Entegris from a “hold” rating to a “buy” rating and raised their price objective for the company from $152.00 to $200.00 in a research report on Wednesday, August 12th. The Goldman Sachs Group lifted their target price on shares of Entegris from $120.00 to $135.00 and gave the company a “sell” rating in a research note on Friday, October 30th. Freedom Capital raised shares of Entegris to a “strong-buy” rating in a research report on Monday, August 3rd. Citigroup increased their price target on shares of Entegris from $195.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, October 30th. Finally, Weiss Ratings upgraded shares of Entegris from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, October 30th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $187.17.

Insider Buying and Selling

In other news, insider Olivier Blachier sold 2,000 shares of Entegris stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $160.66, for a total value of $321,320.00. Following the transaction, the insider owned 34,997 shares of the company’s stock, valued at $5,622,618.02. This trade represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Joseph Colella sold 3,916 shares of the business’s stock in a transaction 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 completion of the sale, the senior vice president owned 50,297 shares of the company’s stock, valued at $8,272,850.56. The trade was a 7.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.53% of the stock is owned by corporate insiders.

Entegris Price Performance

Shares of NASDAQ:ENTG opened at $138.57 on Wednesday. Entegris, Inc. has a fifty-two week low of $67.97 and a fifty-two week high of $186.94. The business has a 50-day moving average of $146.32 and a two-hundred day moving average of $138.79. The stock has a market capitalization of $21.17 billion, a P/E ratio of 54.13, a P/E/G ratio of 1.10 and a beta of 1.39. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.66 and a quick ratio of 1.59.

Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Thursday, October 29th. The semiconductor company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.20. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $925.35 million. Entegris had a return on equity of 13.86% and a net margin of 11.14%. The firm’s revenue was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.72 EPS. On average, equities research analysts predict that Entegris, Inc. will post 4.38 EPS for the current fiscal year.

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 18th. Shareholders of record on Wednesday, October 28th will be given 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 yield of 0.3%. Entegris’s dividend payout ratio is presently 15.62%.

Entegris declared that its Board of Directors has approved a stock repurchase program on Monday, November 9th that permits the company to buy back $500 million in outstanding shares. This repurchase authorization permits the semiconductor company to purchase up to 2.6% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Entegris Company Profile

Entegris, Inc. supplies advanced materials and process solutions used in semiconductor manufacturing and other high-technology industries. Its products help customers control contamination and manage materials throughout complex manufacturing processes. The company’s offerings include specialty chemicals and gases, filtration and purification systems, fluid and gas handling products, and wafer handling and storage solutions. Entegris also provides related services and technologies designed to support the production of semiconductor devices and other advanced products.