Entegris, Inc. (NASDAQ:ENTG) Shares Sold by Riverbridge Partners LLC

Riverbridge Partners LLC trimmed its position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 9.0% during the first quarter, according to its most recent Form 13F filing with the 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 about 0.21% of Entegris worth $27,840,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ENTG. Blue Trust Inc. increased its stake in shares of Entegris by 121.3% during the fourth quarter. Blue Trust Inc. now owns 768 shares of the semiconductor company's stock worth $76,000 after buying an additional 421 shares during the period. Principal Securities Inc. increased its stake in shares of Entegris by 4.7% during the fourth quarter. Principal Securities Inc. now owns 5,807 shares of the semiconductor company's stock worth $575,000 after buying an additional 262 shares during the period. CIBC Asset Management Inc increased its stake in shares of Entegris by 13.9% during the fourth quarter. CIBC Asset Management Inc now owns 6,125 shares of the semiconductor company's stock worth $607,000 after buying an additional 748 shares during the period. Kestra Investment Management LLC increased its stake in shares of Entegris by 79.7% during the fourth quarter. Kestra Investment Management LLC now owns 4,485 shares of the semiconductor company's stock worth $444,000 after buying an additional 1,989 shares during the period. Finally, Global Retirement Partners LLC increased its stake in shares of Entegris by 9.8% during the fourth quarter. Global Retirement Partners LLC now owns 4,052 shares of the semiconductor company's stock worth $401,000 after buying an additional 362 shares during the period.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ENTG. Needham & Company LLC restated a "buy" rating and set a $100.00 target price on shares of Entegris in a research note on Tuesday, May 20th. UBS Group lowered their price target on Entegris from $90.00 to $85.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. KeyCorp lowered their price target on Entegris from $130.00 to $117.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Wall Street Zen downgraded Entegris from a "hold" rating to a "sell" rating in a report on Saturday, April 19th. Finally, Citigroup lowered their price target on Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a report on Thursday, May 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Entegris has a consensus rating of "Moderate Buy" and an average target price of $113.00.

Entegris Price Performance

Shares of ENTG stock traded up $0.55 during mid-day trading on Monday, reaching $75.97. The stock had a trading volume of 2,175,637 shares, compared to its average volume of 2,692,236. Entegris, Inc. has a 12-month low of $60.75 and a 12-month high of $147.57. The company has a market cap of $11.50 billion, a P/E ratio of 37.24, a price-to-earnings-growth ratio of 1.69 and a beta of 1.24. The business has a 50-day simple moving average of $75.76 and a 200 day simple moving average of $90.13. The company has a current ratio of 3.26, a quick ratio of 1.95 and a debt-to-equity ratio of 1.06.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its quarterly earnings results 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). The business had revenue of $773.20 million during the quarter, compared to analyst estimates of $790.75 million. Entegris had a return on equity of 12.48% and a net margin of 9.57%. The firm's quarterly revenue was up .3% on a year-over-year basis. During the same period in the previous year, the business posted $0.68 earnings per share. On average, sell-side analysts anticipate that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, April 30th were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.53%. Entegris's dividend payout ratio (DPR) is 19.61%.

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).