Baillie Gifford & Co. Trims Stake in Entegris, Inc. (NASDAQ:ENTG)

Baillie Gifford & Co. lowered its stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 2.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,602,218 shares of the semiconductor company's stock after selling 76,833 shares during the quarter. Baillie Gifford & Co. owned approximately 1.72% of Entegris worth $292,828,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Wedmont Private Capital boosted its position in Entegris by 5.9% during the 2nd quarter. Wedmont Private Capital now owns 1,609 shares of the semiconductor company's stock worth $232,000 after acquiring an additional 90 shares during the period. Bridges Investment Management Inc. boosted its stake in Entegris by 3.6% in the 3rd quarter. Bridges Investment Management Inc. now owns 2,829 shares of the semiconductor company's stock valued at $318,000 after buying an additional 98 shares in the last quarter. Everpar Advisors LLC boosted its stake in Entegris by 6.5% in the second quarter. Everpar Advisors LLC now owns 1,656 shares of the semiconductor company's stock worth $224,000 after purchasing an additional 101 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of Entegris by 0.3% during the second quarter. Arizona State Retirement System now owns 41,406 shares of the semiconductor company's stock valued at $5,606,000 after acquiring an additional 105 shares during the period. Finally, Fulton Bank N.A. boosted its holdings in Entegris by 0.9% during the second quarter. Fulton Bank N.A. now owns 11,703 shares of the semiconductor company's stock worth $1,585,000 after buying an additional 108 shares during the last quarter.

Entegris Stock Performance

ENTG traded up $0.89 during trading on Tuesday, hitting $105.19. The stock had a trading volume of 1,600,530 shares, compared to its average volume of 1,661,909. The company has a 50 day moving average price of $108.19 and a 200-day moving average price of $120.37. The firm has a market cap of $15.88 billion, a price-to-earnings ratio of 69.07, a P/E/G ratio of 1.71 and a beta of 1.24. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.92 and a quick ratio of 2.14. Entegris, Inc. has a one year low of $93.11 and a one year high of $147.57.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by ($0.01). The firm had revenue of $807.70 million during the quarter, compared to analyst estimates of $832.44 million. Entegris had a return on equity of 12.24% and a net margin of 7.13%. Entegris's revenue for the quarter was down 9.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.68 EPS. As a group, research analysts predict that Entegris, Inc. will post 3.03 EPS for the current year.

Entegris Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend is Wednesday, October 30th. Entegris's dividend payout ratio is currently 26.49%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. UBS Group cut their price objective on Entegris from $130.00 to $115.00 and set a "neutral" rating on the stock in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft dropped their target price on Entegris from $145.00 to $115.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. Needham & Company LLC reaffirmed a "buy" rating and set a $150.00 price target on shares of Entegris in a research report on Thursday, August 1st. KeyCorp lowered their price target on Entegris from $164.00 to $154.00 and set an "overweight" rating on the stock in a research report on Tuesday, November 5th. Finally, Mizuho lowered their price target on Entegris from $143.00 to $125.00 and set an "outperform" rating on the stock in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $135.40.

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).