Jackson Square Partners LLC Trims Stock Holdings in Entegris, Inc. $ENTG

Jackson Square Partners LLC lessened its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 30.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,277 shares of the semiconductor company’s stock after selling 17,864 shares during the quarter. Entegris accounts for 1.5% of Jackson Square Partners LLC’s portfolio, making the stock its 23rd largest position. Jackson Square Partners LLC’s holdings in Entegris were worth $3,724,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Twin Peaks Wealth Advisors LLC purchased a new stake in Entegris in the second quarter valued at approximately $25,000. ORG Wealth Partners LLC raised its position in Entegris by 862.1% during the 3rd quarter. ORG Wealth Partners LLC now owns 279 shares of the semiconductor company’s stock worth $26,000 after buying an additional 250 shares during the last quarter. SBI Securities Co. Ltd. lifted its stake in Entegris by 260.8% during the 3rd quarter. SBI Securities Co. Ltd. now owns 285 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 206 shares during the period. Quent Capital LLC purchased a new stake in shares of Entegris in the 3rd quarter valued at $34,000. Finally, Hoese & Co LLP purchased a new position in shares of Entegris during the second quarter worth $44,000.

Entegris Stock Up 10.9%

Entegris stock opened at $122.37 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 3.44 and a quick ratio of 2.13. The stock has a market capitalization of $18.55 billion, a PE ratio of 64.75 and a beta of 1.33. The business has a 50 day simple moving average of $99.35 and a 200-day simple moving average of $90.23. Entegris, Inc. has a 12 month low of $60.75 and a 12 month high of $124.00.

Entegris Dividend Announcement

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

Insider Activity at Entegris

In other Entegris news, SVP Olivier Blachier sold 488 shares of the stock in a transaction on Monday, November 17th. The shares were sold at an average price of $77.43, for a total transaction of $37,785.84. Following the transaction, the senior vice president directly owned 14,124 shares of the company’s stock, valued at $1,093,621.32. This trade represents a 3.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Clinton M. Haris sold 5,830 shares of the business’s stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $120.00, for a total transaction of $699,600.00. Following the sale, the senior vice president directly owned 37,743 shares of the company’s stock, valued at $4,529,160. This represents a 13.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 131,146 shares of company stock valued at $13,154,343. Insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Entegris in a report on Monday, December 29th. Citigroup upped their target price on Entegris from $100.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. The Goldman Sachs Group cut Entegris from a “neutral” rating to a “sell” rating and reduced their price target for the company from $88.00 to $75.00 in a research report on Monday, December 15th. BMO Capital Markets upped their price objective on Entegris from $105.00 to $126.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Entegris from a “buy” rating to a “hold” rating and set a $105.00 target price for the company. in a report on Tuesday. Six research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $117.00.

About Entegris

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.