Jackson Square Partners LLC Sells 46,403 Shares of Entegris, Inc. (NASDAQ:ENTG)

Jackson Square Partners LLC reduced its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 16.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 231,555 shares of the semiconductor company’s stock after selling 46,403 shares during the quarter. Entegris comprises approximately 2.5% of Jackson Square Partners LLC’s holdings, making the stock its 17th largest position. Jackson Square Partners LLC owned about 0.15% of Entegris worth $22,938,000 as of its most recent SEC filing.

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

Insider Activity

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

Entegris Stock Up 2.0 %

Entegris stock opened at $98.32 on Tuesday. The firm has a market capitalization of $14.88 billion, a P/E ratio of 50.94, a P/E/G ratio of 1.50 and a beta of 1.32. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08. Entegris, Inc. has a twelve month low of $92.84 and a twelve month high of $147.57. The stock’s fifty day simple moving average is $102.24 and its 200-day simple moving average is $104.59.

Entegris (NASDAQ:ENTG) last issued 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, equities analysts expect that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.41%. The ex-dividend date was Wednesday, January 29th. Entegris’s payout ratio is currently 20.73%.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. StockNews.com cut Entegris from a “hold” rating to a “sell” rating in a research note on Monday. Needham & Company LLC restated a “buy” rating and set a $120.00 price target on shares of Entegris in a research note on Friday, February 7th. Mizuho decreased their price objective on Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Finally, KeyCorp dropped their target price on shares of Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, 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).