Entegris, Inc. $ENTG Stock Sold by Riverbridge Partners LLC

by · The Markets Daily

Riverbridge Partners LLC lowered its holdings in Entegris, Inc. (NASDAQ:ENTG – Free Report) by 24.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 103,843 shares of the semiconductor company’s stock after selling 33,612 shares during the period. Riverbridge Partners LLC owned about 0.07% of Entegris worth $15,998,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Summit Investment Advisory Services LLC lifted its stake in Entegris by 2.0% during the third quarter. Summit Investment Advisory Services LLC now owns 3,706 shares of the semiconductor company’s stock valued at $571,000 after purchasing an additional 74 shares during the last quarter. Evergreen Capital Management LLC grew its position in Entegris by 1.5% in the third quarter. Evergreen Capital Management LLC now owns 5,372 shares of the semiconductor company’s stock worth $828,000 after buying an additional 79 shares during the last quarter. Ancora Advisors LLC grew its position in Entegris by 85.1% in the second quarter. Ancora Advisors LLC now owns 174 shares of the semiconductor company’s stock worth $31,000 after buying an additional 80 shares during the last quarter. Ashton Thomas Private Wealth LLC grew its position in Entegris by 6.3% in the third quarter. Ashton Thomas Private Wealth LLC now owns 1,513 shares of the semiconductor company’s stock worth $233,000 after buying an additional 90 shares during the last quarter. Finally, SBI Securities Co. Ltd. increased its holdings in shares of Entegris by 51.1% in the third quarter. SBI Securities Co. Ltd. now owns 278 shares of the semiconductor company’s stock valued at $43,000 after buying an additional 94 shares in the last quarter.

Entegris Stock Performance

Shares of ENTG stock opened at $138.57 on Wednesday. The company has a market capitalization of $21.17 billion, a price-to-earnings ratio of 54.13, a P/E/G ratio of 1.10 and a beta of 1.39. Entegris, Inc. has a 1-year low of $67.97 and a 1-year high of $186.94. The company has a current ratio of 2.66, a quick ratio of 1.59 and a debt-to-equity ratio of 0.75. The stock’s fifty day simple moving average is $146.32 and its 200-day simple moving average is $138.79.

Entegris (NASDAQ:ENTG – Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The semiconductor company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.20. Entegris had a return on equity of 13.86% and a net margin of 11.14%. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $925.35 million. During the same period in the prior year, the business earned $0.72 EPS. The business’s revenue for the quarter was up 24.6% on a year-over-year basis. On average, sell-side analysts predict that Entegris, Inc. will post 4.38 earnings per share for the current fiscal year.

Entegris declared that its board has approved a stock repurchase plan on Monday, November 9th that authorizes the company to buy back $500 million in shares. This buyback authorization authorizes the semiconductor company to reacquire up to 2.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Entegris Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 18th. Stockholders of record on Wednesday, October 28th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Wednesday, October 28th. Entegris’s dividend payout ratio is 15.62%.

Insider Buying and Selling

In related news, SVP Joseph Colella sold 3,916 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $164.48, for a total transaction of $644,103.68. Following the completion of the sale, the senior vice president directly owned 50,297 shares in the company, valued at approximately $8,272,850.56. This trade represents a 7.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Olivier Blachier sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $160.66, for a total transaction of $321,320.00. Following the transaction, the insider directly owned 34,997 shares in the company, valued at $5,622,618.02. The trade was a 5.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.53% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on ENTG. Needham & Company LLC raised their price objective on Entegris from $170.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, October 29th. Weiss Ratings upgraded Entegris from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, October 30th. Wall Street Zen lowered Entegris from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. UBS Group boosted their target price on Entegris from $205.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, October 30th. Finally, The Goldman Sachs Group upped their target price on Entegris from $120.00 to $135.00 and gave the company a “sell” rating in a report on Friday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $187.17.

Get Our Latest Report on ENTG

Entegris Company Profile

(Free Report)

Entegris, Inc. supplies advanced materials and process solutions used in semiconductor manufacturing and other high-technology industries. Its products help customers control contamination and manage materials throughout complex manufacturing processes. The company’s offerings include specialty chemicals and gases, filtration and purification systems, fluid and gas handling products, and wafer handling and storage solutions. Entegris also provides related services and technologies designed to support the production of semiconductor devices and other advanced products.

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