Entegris, Inc. (NASDAQ:ENTG) Shares Sold by Jackson Square Partners LLC

Jackson Square Partners LLC decreased its position in Entegris, Inc. (NASDAQ:ENTG) by 16.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 231,555 shares of the semiconductor company’s stock after selling 46,403 shares during the period. Entegris comprises approximately 2.5% of Jackson Square Partners LLC’s portfolio, making the stock its 17th biggest holding. Jackson Square Partners LLC’s holdings in Entegris were worth $22,938,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Corient Private Wealth LLC lifted its stake in Entegris by 1.1% in the 4th quarter. Corient Private Wealth LLC now owns 11,862 shares of the semiconductor company’s stock valued at $1,175,000 after buying an additional 128 shares in the last quarter. Torray Investment Partners LLC boosted its position in Entegris by 0.9% during the fourth quarter. Torray Investment Partners LLC now owns 15,266 shares of the semiconductor company’s stock worth $1,512,000 after acquiring an additional 129 shares during the last quarter. Metis Global Partners LLC grew its stake in Entegris by 7.1% in the 4th quarter. Metis Global Partners LLC now owns 2,049 shares of the semiconductor company’s stock worth $203,000 after acquiring an additional 135 shares during the period. Sequoia Financial Advisors LLC raised its holdings in Entegris by 6.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 2,482 shares of the semiconductor company’s stock valued at $246,000 after acquiring an additional 147 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Entegris by 27.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 731 shares of the semiconductor company’s stock worth $73,000 after purchasing an additional 158 shares during the period.

Analysts Set New Price Targets

ENTG has been the subject of several analyst reports. Mizuho dropped their target price on Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price target on shares of Entegris in a report on Friday, February 7th. KeyCorp reduced their price objective on Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a research note on Friday, February 7th. Finally, StockNews.com downgraded Entegris from a “hold” rating to a “sell” rating in a report on Monday. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $124.88.

Entegris Price Performance

Shares of ENTG opened at $98.32 on Tuesday. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08. The firm has a market cap of $14.88 billion, a price-to-earnings ratio of 50.94, a PEG ratio of 1.50 and a beta of 1.32. Entegris, Inc. has a 52 week low of $92.84 and a 52 week high of $147.57. The stock has a 50 day moving average of $102.24 and a 200-day moving average of $104.59.

Entegris (NASDAQ:ENTG) last released its earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.07. Entegris had a net margin of 9.03% and a return on equity of 12.83%. As a group, analysts forecast that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.41%. The ex-dividend date was Wednesday, January 29th. Entegris’s dividend payout ratio (DPR) is presently 20.73%.

Insider Buying and Selling

In other news, SVP Clinton M. Haris sold 12,652 shares of Entegris stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the sale, the senior vice president now owns 34,820 shares of the company’s stock, valued at approximately $3,722,954.40. The trade was a 26.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Olivier Blachier sold 984 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $108.00, for a total value of $106,272.00. Following the completion of the transaction, the senior vice president now directly owns 10,903 shares of the company’s stock, valued at $1,177,524. This trade represents a 8.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.67% of the company’s stock.

Entegris Company 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).