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

Riverbridge Partners LLC cut its holdings in Entegris, Inc. (NASDAQ:ENTG) by 7.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 349,741 shares of the semiconductor company’s stock after selling 28,094 shares during the quarter. Riverbridge Partners LLC owned about 0.23% of Entegris worth $34,645,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ENTG. Quarry LP purchased a new stake in Entegris in the second quarter valued at approximately $27,000. Capital Performance Advisors LLP purchased a new stake in Entegris in the third quarter valued at $29,000. Blue Trust Inc. raised its stake in shares of Entegris by 221.3% during the 3rd quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 239 shares during the last quarter. Fortitude Family Office LLC lifted its holdings in shares of Entegris by 195.7% in the 4th quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 274 shares during the period. Finally, Covestor Ltd boosted its stake in shares of Entegris by 241.8% in the third quarter. Covestor Ltd now owns 417 shares of the semiconductor company’s stock worth $47,000 after buying an additional 295 shares during the last quarter.

Wall Street Analysts Forecast Growth

ENTG has been the subject of several recent research reports. Mizuho reduced their price target on Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Citigroup cut their target price on shares of Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Craig Hallum lowered their price target on shares of Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. KeyCorp cut their price objective on shares of Entegris from $154.00 to $150.00 and set an “overweight” rating for the company in a report on Friday, January 10th. Finally, UBS Group lowered their target price on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $134.50.

Entegris Trading Up 0.4 %

Shares of ENTG stock opened at $107.19 on Thursday. Entegris, Inc. has a fifty-two week low of $94.92 and a fifty-two week high of $147.57. The firm has a market capitalization of $16.19 billion, a P/E ratio of 70.99, a PEG ratio of 1.43 and a beta of 1.24. The stock’s fifty day moving average is $103.58 and its two-hundred day moving average is $110.00. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.83 and a current ratio of 2.92.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). The business had revenue of $807.70 million for the quarter, compared to analyst estimates of $832.44 million. Entegris had a return on equity of 12.24% and a net margin of 7.13%. The business’s revenue was down 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.68 earnings per share. Research analysts expect that Entegris, Inc. will post 2.95 earnings per share for the current fiscal year.

Entegris Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th will be issued a $0.10 dividend. The ex-dividend date is Wednesday, January 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.37%. Entegris’s dividend payout ratio is presently 26.49%.

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).