Baillie Gifford & Co. Reduces Stock Holdings in Entegris, Inc. (NASDAQ:ENTG)

Baillie Gifford & Co. lessened its position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 4.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,751,395 shares of the semiconductor company's stock after selling 179,507 shares during the quarter. Baillie Gifford & Co. owned approximately 2.50% of Entegris worth $449,492,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. BlackRock Inc. grew its holdings in shares of Entegris by 2.4% during the 1st quarter. BlackRock Inc. now owns 16,294,681 shares of the semiconductor company's stock worth $1,336,327,000 after purchasing an additional 386,767 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Entegris by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 14,452,886 shares of the semiconductor company's stock worth $1,357,271,000 after purchasing an additional 107,989 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Entegris by 7.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,672,981 shares of the semiconductor company's stock valued at $700,041,000 after buying an additional 748,491 shares in the last quarter. Sands Capital Management LLC boosted its stake in Entegris by 6.1% in the 2nd quarter. Sands Capital Management LLC now owns 9,329,123 shares of the semiconductor company's stock valued at $1,033,853,000 after buying an additional 536,532 shares in the last quarter. Finally, WCM Investment Management LLC boosted its stake in Entegris by 1.0% in the 3rd quarter. WCM Investment Management LLC now owns 5,150,914 shares of the semiconductor company's stock valued at $483,722,000 after buying an additional 53,011 shares in the last quarter.

Insider Activity at Entegris

In related news, SVP Susan G. Rice sold 17,518 shares of the company's stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $135.86, for a total value of $2,379,995.48. Following the completion of the sale, the senior vice president now owns 42,931 shares in the company, valued at $5,832,605.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Entegris news, SVP Susan G. Rice sold 17,518 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $135.86, for a total value of $2,379,995.48. Following the completion of the sale, the senior vice president now directly owns 42,931 shares in the company, valued at $5,832,605.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel D. Woodland sold 9,000 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $139.50, for a total value of $1,255,500.00. Following the completion of the sale, the insider now owns 32,730 shares of the company's stock, valued at $4,565,835. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,082 shares of company stock worth $5,606,849. 0.67% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on ENTG shares. UBS Group boosted their price target on Entegris from $90.00 to $130.00 and gave the company a "neutral" rating in a research note on Thursday, February 15th. Citigroup boosted their price target on Entegris from $117.00 to $134.00 and gave the company a "neutral" rating in a research note on Friday, February 16th. Craig Hallum raised Entegris from a "hold" rating to a "buy" rating and set a $150.00 price target on the stock in a research note on Thursday, February 15th. BMO Capital Markets boosted their price objective on Entegris from $130.00 to $160.00 and gave the stock an "outperform" rating in a research note on Friday, February 16th. Finally, The Goldman Sachs Group boosted their price objective on Entegris from $104.00 to $147.00 and gave the stock a "buy" rating in a research note on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $141.64.

Entegris Trading Up 1.6 %

Shares of ENTG stock traded up $2.23 on Tuesday, reaching $139.14. 991,321 shares of the stock were exchanged, compared to its average volume of 1,399,211. The stock has a market cap of $20.97 billion, a PE ratio of 116.92 and a beta of 1.32. Entegris, Inc. has a one year low of $69.37 and a one year high of $146.91. The company has a debt-to-equity ratio of 1.35, a current ratio of 3.85 and a quick ratio of 2.67. The stock has a 50 day moving average price of $134.35 and a 200 day moving average price of $115.08.

Entegris (NASDAQ:ENTG - Get Free Report) last released its earnings results on Tuesday, February 13th. The semiconductor company reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.59 by $0.06. The company had revenue of $812.30 million during the quarter, compared to the consensus estimate of $780.95 million. Entegris had a return on equity of 12.00% and a net margin of 5.13%. The firm's quarterly revenue was down 14.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.83 earnings per share. Equities research analysts forecast that Entegris, Inc. will post 3.31 EPS for the current fiscal year.

Entegris Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 21st. Investors of record on Wednesday, January 31st were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.29%. Entegris's dividend payout ratio is presently 33.61%.

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).