Riverbridge Partners LLC Trims Position in Entegris, Inc. (NASDAQ:ENTG)

Riverbridge Partners LLC lessened its stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 9.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 318,239 shares of the semiconductor company's stock after selling 31,502 shares during the period. Riverbridge Partners LLC owned 0.21% of Entegris worth $27,840,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Entegris by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 15,202,146 shares of the semiconductor company's stock worth $1,505,925,000 after buying an additional 169,180 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Entegris by 33.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,194,612 shares of the semiconductor company's stock worth $1,108,940,000 after buying an additional 2,826,463 shares during the period. Norges Bank purchased a new position in Entegris in the 4th quarter worth about $445,988,000. D1 Capital Partners L.P. increased its stake in Entegris by 329.4% in the 4th quarter. D1 Capital Partners L.P. now owns 2,752,902 shares of the semiconductor company's stock worth $272,702,000 after buying an additional 2,111,801 shares during the period. Finally, Cantillon Capital Management LLC increased its stake in Entegris by 12.6% in the 4th quarter. Cantillon Capital Management LLC now owns 2,616,354 shares of the semiconductor company's stock worth $259,176,000 after buying an additional 291,893 shares during the period.

Entegris Stock Down 0.4%

Shares of Entegris stock opened at $76.24 on Friday. The firm's 50 day moving average price is $75.59 and its 200-day moving average price is $90.84. The company has a quick ratio of 1.95, a current ratio of 3.26 and a debt-to-equity ratio of 1.06. Entegris, Inc. has a 52-week low of $60.75 and a 52-week high of $147.57. The company has a market cap of $11.54 billion, a P/E ratio of 37.37, a PEG ratio of 1.71 and a beta of 1.24.

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

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, April 30th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Wednesday, April 30th. Entegris's payout ratio is currently 19.61%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ENTG. Needham & Company LLC reaffirmed a "buy" rating and issued a $100.00 price target on shares of Entegris in a research note on Tuesday, May 20th. UBS Group cut their target price on shares of Entegris from $90.00 to $85.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Citigroup cut their target price on shares of 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 downgraded shares of Entegris from a "hold" rating to a "sell" rating in a research report on Saturday, April 19th. Finally, KeyCorp cut their target price on shares of Entegris from $130.00 to $117.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Entegris has an average rating of "Moderate Buy" and a consensus target price of $113.00.

About Entegris

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).

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