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

Jackson Square Partners LLC cut its stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 16.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 231,555 shares of the semiconductor company's stock after selling 46,403 shares during the period. Entegris accounts for about 2.5% of Jackson Square Partners LLC's portfolio, making the stock its 17th biggest position. Jackson Square Partners LLC owned about 0.15% of Entegris worth $22,938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Synovus Financial Corp increased its stake in Entegris by 102.3% in the third quarter. Synovus Financial Corp now owns 38,253 shares of the semiconductor company's stock worth $4,305,000 after purchasing an additional 19,340 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Entegris by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,065,812 shares of the semiconductor company's stock worth $119,936,000 after buying an additional 14,650 shares during the period. Swedbank AB lifted its holdings in Entegris by 47.7% during the 4th quarter. Swedbank AB now owns 1,550,942 shares of the semiconductor company's stock valued at $153,636,000 after buying an additional 500,581 shares in the last quarter. Argent Capital Management LLC boosted its position in Entegris by 9.9% in the 4th quarter. Argent Capital Management LLC now owns 31,066 shares of the semiconductor company's stock valued at $3,077,000 after buying an additional 2,793 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in Entegris by 14.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,060,378 shares of the semiconductor company's stock worth $105,041,000 after acquiring an additional 137,046 shares in the last quarter.

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Entegris Stock Down 4.1 %

ENTG traded down $3.80 on Friday, hitting $88.74. The company had a trading volume of 2,803,737 shares, compared to its average volume of 2,088,488. The stock has a market capitalization of $13.43 billion, a price-to-earnings ratio of 45.98, a P/E/G ratio of 1.50 and a beta of 1.32. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08. The stock has a fifty day moving average price of $101.34 and a 200-day moving average price of $104.19. Entegris, Inc. has a 12-month low of $87.72 and a 12-month high of $147.57.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.07. Entegris had a net margin of 9.03% and a return on equity of 12.83%. Analysts predict that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were given a $0.10 dividend. The ex-dividend date was Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.45%. Entegris's payout ratio is 20.73%.

Insider Transactions at Entegris

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

Analyst Ratings Changes

Several analysts have recently weighed in on ENTG shares. StockNews.com downgraded shares of Entegris from a "hold" rating to a "sell" rating in a research note on Monday, March 24th. KeyCorp lowered their target price on Entegris from $150.00 to $141.00 and set an "overweight" rating for the company in a report on Friday, February 7th. Mizuho cut their price target on Entegris from $125.00 to $120.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. Finally, Needham & Company LLC restated a "buy" rating and issued a $120.00 price objective on shares of Entegris in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Entegris currently has a consensus rating of "Moderate Buy" and a consensus price target of $124.88.

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).