Baillie Gifford & Co. Lowers Position in Entegris, Inc. (NASDAQ:ENTG)

Key Points

• Baillie Gifford & Co. reduced its stake in Entegris, Inc. by 6.6%, owning 2,114,909 shares valued at approximately $185 million after selling 150,623 shares.
• Entegris reported earnings of $0.67 per share, missing the consensus estimate by $0.02, and revenue of $773.2 million, below analyst expectations of $790.75 million.
• The company announced a quarterly dividend of $0.10 per share, representing a 0.44% dividend yield, to be paid on August 20th.

Baillie Gifford & Co. lessened its position in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 6.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 2,114,909 shares of the semiconductor company's stock after selling 150,623 shares during the period. Baillie Gifford & Co. owned approximately 1.40% of Entegris worth $185,012,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in ENTG. Corient Private Wealth LLC lifted its stake in shares of Entegris by 1.1% in the fourth quarter. Corient Private Wealth LLC now owns 11,862 shares of the semiconductor company's stock valued at $1,175,000 after purchasing an additional 128 shares during the period. Personal CFO Solutions LLC lifted its stake in shares of Entegris by 6.0% in the first quarter. Personal CFO Solutions LLC now owns 2,466 shares of the semiconductor company's stock valued at $216,000 after purchasing an additional 140 shares during the period. First Hawaiian Bank lifted its stake in shares of Entegris by 0.9% in the first quarter. First Hawaiian Bank now owns 15,786 shares of the semiconductor company's stock valued at $1,381,000 after purchasing an additional 143 shares during the period. HighPoint Advisor Group LLC lifted its stake in shares of Entegris by 4.3% in the fourth quarter. HighPoint Advisor Group LLC now owns 3,559 shares of the semiconductor company's stock valued at $376,000 after purchasing an additional 146 shares during the period. Finally, Ensign Peak Advisors Inc lifted its stake in shares of Entegris by 0.3% in the fourth quarter. Ensign Peak Advisors Inc now owns 53,230 shares of the semiconductor company's stock valued at $5,273,000 after purchasing an additional 150 shares during the period.

Insider Transactions at Entegris

In related news, SVP Clinton M. Haris sold 3,627 shares of the business's stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $90.00, for a total value of $326,430.00. Following the completion of the sale, the senior vice president directly owned 37,743 shares in the company, valued at approximately $3,396,870. The trade was a 8.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.61% of the company's stock.

Analyst Ratings Changes

ENTG has been the subject of several recent analyst reports. KeyCorp reduced their price objective on shares of Entegris from $117.00 to $112.00 and set an "overweight" rating for the company in a research note on Monday, July 14th. Citigroup reduced their price objective on shares of Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Mizuho lifted their target price on shares of Entegris from $90.00 to $98.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. The Goldman Sachs Group started coverage on shares of Entegris in a research report on Thursday, July 10th. They set a "neutral" rating and a $85.00 target price for the company. Finally, Wall Street Zen cut shares of Entegris from a "hold" rating to a "sell" rating in a research report on Saturday, April 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $108.00.

Entegris Trading Up 0.8%

Shares of NASDAQ ENTG traded up $0.78 during midday trading on Tuesday, reaching $92.78. 2,068,795 shares of the stock were exchanged, compared to its average volume of 3,299,485. The company has a market capitalization of $14.05 billion, a P/E ratio of 45.39 and a beta of 1.27. Entegris, Inc. has a 52-week low of $60.75 and a 52-week high of $128.67. The company has a current ratio of 3.26, a quick ratio of 1.95 and a debt-to-equity ratio of 1.06. The stock has a 50 day moving average price of $80.80 and a 200-day moving average price of $87.42.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 EPS for the quarter, missing analysts' consensus estimates of $0.69 by ($0.02). The firm had revenue of $773.20 million for the quarter, compared to analysts' expectations of $790.75 million. Entegris had a return on equity of 12.48% and a net margin of 9.57%. The business's quarterly revenue was up .3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.68 earnings per share. Equities research analysts expect that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 20th. Investors of record on Wednesday, July 30th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, July 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.43%. Entegris's payout ratio is 19.61%.

Entegris Company 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).