Champlain Investment Partners LLC Sells 31,755 Shares of Entegris, Inc. (NASDAQ:ENTG)

Champlain Investment Partners LLC cut its stake in Entegris, Inc. (NASDAQ:ENTG) by 3.0% during the third quarter, HoldingsChannel reports. The firm owned 1,021,575 shares of the semiconductor company’s stock after selling 31,755 shares during the period. Champlain Investment Partners LLC’s holdings in Entegris were worth $114,958,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Icon Wealth Advisors LLC grew its stake in Entegris by 983.4% in the 3rd quarter. Icon Wealth Advisors LLC now owns 41,875 shares of the semiconductor company’s stock worth $4,712,000 after acquiring an additional 38,010 shares in the last quarter. Raymond James Trust N.A. boosted its holdings in shares of Entegris by 17.5% in the third quarter. Raymond James Trust N.A. now owns 2,135 shares of the semiconductor company’s stock valued at $240,000 after purchasing an additional 318 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Entegris by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,065,812 shares of the semiconductor company’s stock valued at $119,936,000 after purchasing an additional 14,650 shares during the period. Intech Investment Management LLC grew its stake in Entegris by 19.5% in the third quarter. Intech Investment Management LLC now owns 8,969 shares of the semiconductor company’s stock worth $1,009,000 after purchasing an additional 1,464 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Entegris by 0.9% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,503,656 shares of the semiconductor company’s stock worth $169,206,000 after purchasing an additional 12,913 shares during the period.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ENTG shares. Craig Hallum lowered their target price on Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. UBS Group lowered their price objective on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Needham & Company LLC reissued a “buy” rating and set a $150.00 target price on shares of Entegris in a research report on Thursday, August 1st. KeyCorp reduced their price target on shares of Entegris from $164.00 to $154.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Finally, Citigroup dropped their price objective on shares of Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $135.40.

Entegris Price Performance

Shares of ENTG opened at $107.24 on Friday. The company has a 50 day moving average of $107.09 and a two-hundred day moving average of $118.73. The company has a quick ratio of 1.83, a current ratio of 2.92 and a debt-to-equity ratio of 1.14. Entegris, Inc. has a twelve month low of $94.92 and a twelve month high of $147.57. The company has a market cap of $16.19 billion, a price-to-earnings ratio of 71.02, a price-to-earnings-growth ratio of 1.74 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data 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). Entegris had a return on equity of 12.24% and a net margin of 7.13%. The business had revenue of $807.70 million during the quarter, compared to analyst estimates of $832.44 million. During the same period in the previous year, the business earned $0.68 EPS. The firm’s revenue for the quarter was down 9.1% compared to the same quarter last year. As a group, analysts predict that Entegris, Inc. will post 2.99 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.37%. Entegris’s dividend payout ratio (DPR) is currently 26.49%.

Entegris Company 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).