Jackson Square Partners LLC Sells 38,819 Shares of Entegris, Inc. (NASDAQ:ENTG)

Key Points

• Jackson Square Partners LLC reduced its holdings in Entegris, Inc. by 16.8%, selling 38,819 shares and retaining approximately 192,736 shares, which represent about 2.3% of the firm's total portfolio.
• Entegris reported $0.66 EPS for the last quarter, exceeding analysts' expectations, while its revenue of $792.40 million was also above the consensus, although down 2.5% year-over-year.
• The company announced a quarterly dividend of $0.10 per share, with an annualized yield of 0.6% and a payout ratio currently set at 20.62%.

Jackson Square Partners LLC trimmed its position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 16.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 192,736 shares of the semiconductor company's stock after selling 38,819 shares during the quarter. Entegris accounts for approximately 2.3% of Jackson Square Partners LLC's holdings, making the stock its 21st largest position. Jackson Square Partners LLC owned approximately 0.13% of Entegris worth $16,861,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ENTG. Landscape Capital Management L.L.C. purchased a new stake in Entegris during the fourth quarter valued at $216,000. Resona Asset Management Co. Ltd. purchased a new stake in shares of Entegris during the 4th quarter valued at about $4,662,000. Russell Investments Group Ltd. lifted its stake in shares of Entegris by 59.9% in the 4th quarter. Russell Investments Group Ltd. now owns 150,591 shares of the semiconductor company's stock worth $14,926,000 after purchasing an additional 56,423 shares during the period. Bank of Montreal Can boosted its holdings in shares of Entegris by 6.1% in the fourth quarter. Bank of Montreal Can now owns 115,322 shares of the semiconductor company's stock worth $11,424,000 after buying an additional 6,605 shares during the last quarter. Finally, Bank of Nova Scotia boosted its holdings in shares of Entegris by 737.2% in the fourth quarter. Bank of Nova Scotia now owns 387,708 shares of the semiconductor company's stock worth $38,406,000 after buying an additional 341,400 shares during the last quarter.

Entegris Stock Performance

ENTG opened at $72.23 on Thursday. The company has a fifty day moving average of $81.43 and a 200 day moving average of $86.46. Entegris, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $119.95. The stock has a market capitalization of $10.95 billion, a price-to-earnings ratio of 37.23 and a beta of 1.22. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.95 and a current ratio of 3.30.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its earnings results on Wednesday, July 30th. The semiconductor company reported $0.66 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.01. The firm had revenue of $792.40 million during the quarter, compared to the consensus estimate of $753.85 million. Entegris had a return on equity of 12.05% and a net margin of 9.17%. The company's quarterly revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.71 EPS. As a group, sell-side analysts forecast 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. Stockholders of record on Wednesday, July 30th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, July 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.6%. Entegris's payout ratio is currently 20.62%.

Insider Buying and Selling at Entegris

In other Entegris news, SVP Clinton M. Haris sold 3,627 shares of the business's stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $90.00, for a total transaction of $326,430.00. Following the transaction, the senior vice president owned 37,743 shares in the company, valued at $3,396,870. The trade was a 8.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.67% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on ENTG shares. The Goldman Sachs Group began coverage on shares of Entegris in a research report on Thursday, July 10th. They issued a "neutral" rating and a $85.00 price target on the stock. Citigroup lowered their target price on Entegris from $125.00 to $102.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Wall Street Zen lowered Entegris from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Needham & Company LLC reaffirmed a "buy" rating and issued a $100.00 price objective on shares of Entegris in a research note on Tuesday, May 20th. Finally, Mizuho boosted their price objective on Entegris from $90.00 to $98.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $106.44.

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).

Want to see what other hedge funds are holding ENTG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Entegris, Inc. (NASDAQ:ENTG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.