Jackson Square Partners LLC Sells 134,595 Shares of Entegris, Inc. $ENTG

Jackson Square Partners LLC reduced its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 69.8% in the second quarter, HoldingsChannel reports. The fund owned 58,141 shares of the semiconductor company’s stock after selling 134,595 shares during the period. Entegris accounts for 1.7% of Jackson Square Partners LLC’s portfolio, making the stock its 18th biggest holding. Jackson Square Partners LLC’s holdings in Entegris were worth $4,689,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Rise Advisors LLC purchased a new position in Entegris during the first quarter valued at $26,000. Costello Asset Management INC bought a new position in shares of Entegris during the first quarter valued at $26,000. Alpine Bank Wealth Management increased its holdings in shares of Entegris by 73.7% during the second quarter. Alpine Bank Wealth Management now owns 311 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 132 shares in the last quarter. Summit Securities Group LLC purchased a new position in shares of Entegris in the 1st quarter worth about $36,000. Finally, SVB Wealth LLC bought a new position in Entegris in the 1st quarter worth about $43,000.

Entegris Trading Up 1.1%

Shares of ENTG opened at $86.67 on Friday. The firm has a market cap of $13.14 billion, a P/E ratio of 44.68 and a beta of 1.39. The company has a debt-to-equity ratio of 1.04, a current ratio of 3.30 and a quick ratio of 1.95. Entegris, Inc. has a 1 year low of $60.75 and a 1 year high of $112.36. The company has a 50 day simple moving average of $90.17 and a two-hundred day simple moving average of $83.60.

Entegris (NASDAQ:ENTG) last issued its earnings results on Wednesday, July 6th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter. The firm had revenue of $512.84 million for the quarter. Entegris had a return on equity of 12.05% and a net margin of 9.17%. On average, equities analysts expect that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 19th. Stockholders of record on Wednesday, October 29th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, October 29th. Entegris’s dividend payout ratio is 21.16%.

Insider Buying and Selling

In related news, SVP Susan G. Rice sold 8,858 shares of the company’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $79.84, for a total transaction of $707,222.72. Following the sale, the senior vice president owned 56,912 shares of the company’s stock, valued at $4,543,854.08. This represents a 13.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Joseph Colella sold 3,577 shares of Entegris stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $88.41, for a total transaction of $316,242.57. Following the completion of the transaction, the senior vice president directly owned 34,364 shares of the company’s stock, valued at $3,038,121.24. The trade was a 9.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.67% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ENTG. UBS Group lowered their price objective on Entegris from $95.00 to $90.00 and set a “neutral” rating on the stock in a research report on Thursday, July 31st. Wall Street Zen raised Entegris from a “sell” rating to a “hold” rating in a report on Friday, October 3rd. Oppenheimer assumed coverage on Entegris in a research report on Thursday, September 4th. They set a “market perform” rating and a $95.00 price objective on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Entegris in a research report on Wednesday, October 8th. Finally, KeyCorp restated an “overweight” rating and set a $103.00 target price (down previously from $112.00) on shares of Entegris in a research note on Thursday, July 31st. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Entegris currently has a consensus rating of “Hold” and an average price target of $97.57.

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).