William Blair Investment Management LLC Sells 42,133 Shares of Entegris, Inc. (NASDAQ:ENTG)

William Blair Investment Management LLC reduced its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 2.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,534,011 shares of the semiconductor company’s stock after selling 42,133 shares during the quarter. William Blair Investment Management LLC’s holdings in Entegris were worth $147,418,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in ENTG. BlackRock Inc. increased its position in Entegris by 2.0% in the fourth quarter. BlackRock Inc. now owns 12,205,755 shares of the semiconductor company’s stock worth $1,172,975,000 after buying an additional 240,561 shares in the last quarter. JPMorgan Chase & Co. increased its position in Entegris by 12.0% in the third quarter. JPMorgan Chase & Co. now owns 6,563,840 shares of the semiconductor company’s stock worth $480,473,000 after buying an additional 704,157 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Entegris by 66.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,433,973 shares of the semiconductor company’s stock worth $106,601,000 after buying an additional 572,666 shares in the last quarter. Congress Asset Management Co. MA increased its position in Entegris by 92.4% in the fourth quarter. Congress Asset Management Co. MA now owns 1,419,383 shares of the semiconductor company’s stock worth $136,403,000 after buying an additional 681,533 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its position in Entegris by 183.6% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,230,983 shares of the semiconductor company’s stock worth $91,510,000 after buying an additional 796,893 shares in the last quarter. 98.40% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:ENTG opened at $104.30 on Tuesday. The firm has a market capitalization of $14.07 billion, a price-to-earnings ratio of 53.49 and a beta of 1.33. Entegris, Inc. has a 1 year low of $38.12 and a 1 year high of $114.00. The business has a 50 day simple moving average of $102.43 and a 200-day simple moving average of $86.05. The company has a debt-to-equity ratio of 0.83, a current ratio of 4.63 and a quick ratio of 3.30.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Monday, February 1st. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.05. The business had revenue of $518.00 million during the quarter, compared to analyst estimates of $489.38 million. Entegris had a return on equity of 26.54% and a net margin of 15.03%. The company’s revenue for the quarter was up 21.3% on a year-over-year basis. During the same period last year, the company earned $0.55 EPS. As a group, analysts expect that Entegris, Inc. will post 2.48 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 17th. Stockholders of record on Wednesday, January 27th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.31%. The ex-dividend date of this dividend was Tuesday, January 26th. Entegris’s payout ratio is 16.58%.

In other news, SVP William James Shaner sold 3,100 shares of the firm’s stock in a transaction that occurred on Tuesday, December 8th. The stock was sold at an average price of $99.18, for a total value of $307,458.00. Following the completion of the sale, the senior vice president now directly owns 25,199 shares of the company’s stock, valued at approximately $2,499,236.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.70% of the stock is owned by company insiders.

A number of brokerages have commented on ENTG. The Goldman Sachs Group restated a “buy” rating and issued a $116.00 price target (up previously from $102.00) on shares of Entegris in a research report on Monday, January 18th. Craig Hallum increased their target price on Entegris from $66.00 to $100.00 and gave the stock a “hold” rating in a research report on Wednesday, February 3rd. Citigroup increased their target price on Entegris from $92.00 to $135.00 in a research report on Monday, January 25th. KeyCorp increased their target price on Entegris from $90.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 18th. Finally, Loop Capital increased their target price on Entegris from $81.00 to $93.00 and gave the stock a “buy” rating in a research report on Monday, October 26th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $101.40.

Entegris Profile

Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries in North America, Taiwan, South Korea, Japan, China, Europe, and Southeast Asia.

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Institutional Ownership by Quarter for Entegris (NASDAQ:ENTG)

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