Jackson Square Partners LLC Sells 17,864 Shares of Entegris, Inc. $ENTG

Jackson Square Partners LLC decreased its holdings in Entegris, Inc. (NASDAQ:ENTG) by 30.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,277 shares of the semiconductor company’s stock after selling 17,864 shares during the period. Entegris comprises approximately 1.5% of Jackson Square Partners LLC’s holdings, making the stock its 23rd largest holding. Jackson Square Partners LLC’s holdings in Entegris were worth $3,724,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in ENTG. Twin Peaks Wealth Advisors LLC purchased a new stake in Entegris in the 2nd quarter valued at about $25,000. ORG Wealth Partners LLC raised its stake in shares of Entegris by 862.1% during the third quarter. ORG Wealth Partners LLC now owns 279 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 250 shares in the last quarter. SBI Securities Co. Ltd. boosted its holdings in shares of Entegris by 260.8% in the third quarter. SBI Securities Co. Ltd. now owns 285 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 206 shares during the period. Quent Capital LLC bought a new position in Entegris in the third quarter worth approximately $34,000. Finally, Hoese & Co LLP purchased a new position in Entegris during the 2nd quarter worth $44,000.

Wall Street Analyst Weigh In

ENTG has been the subject of several research reports. BMO Capital Markets upped their target price on Entegris from $105.00 to $126.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Zacks Research raised shares of Entegris from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 30th. Citigroup raised their target price on shares of Entegris from $100.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Entegris in a research report on Monday, December 29th. Finally, Needham & Company LLC reissued a “strong-buy” rating on shares of Entegris in a report on Tuesday, January 20th. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $117.00.

Entegris Price Performance

Shares of ENTG opened at $122.37 on Friday. The company has a 50 day moving average of $99.35 and a two-hundred day moving average of $90.23. The company has a quick ratio of 2.13, a current ratio of 3.44 and a debt-to-equity ratio of 0.99. Entegris, Inc. has a twelve month low of $60.75 and a twelve month high of $124.00. The company has a market cap of $18.55 billion, a price-to-earnings ratio of 64.75 and a beta of 1.33.

Entegris Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 18th. Investors of record on Wednesday, January 28th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Wednesday, January 28th. Entegris’s dividend payout ratio is currently 21.16%.

Insiders Place Their Bets

In other Entegris news, Director James P. Lederer sold 2,008 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $92.84, for a total value of $186,422.72. Following the completion of the sale, the director owned 20,434 shares of the company’s stock, valued at approximately $1,897,092.56. This trade represents a 8.95% 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 Clinton M. Haris sold 5,830 shares of the company’s stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $120.00, for a total transaction of $699,600.00. Following the transaction, the senior vice president owned 37,743 shares in the company, valued at approximately $4,529,160. This trade represents a 13.38% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 131,146 shares of company stock valued at $13,154,343. 0.67% of the stock is owned by corporate insiders.

Entegris Company Profile

Entegris, Inc is a leading provider of advanced materials and process control solutions for the semiconductor and other high-technology industries. The company develops and supplies a broad portfolio of products designed to ensure purity and reliability throughout the manufacturing process, helping customers address critical contamination and yield challenges.

Entegris’s product offerings include high-purity chemicals and specialty materials, liquid and gas filtration and purification systems, and sophisticated wafer and chip handling solutions.