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

Champlain Investment Partners LLC reduced its position in Entegris, Inc. (NASDAQ:ENTG) by 3.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,021,575 shares of the semiconductor company’s stock after selling 31,755 shares during the quarter. Champlain Investment Partners LLC owned approximately 0.68% of Entegris worth $114,958,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Icon Wealth Advisors LLC lifted its stake in shares of Entegris by 983.4% during the 3rd quarter. Icon Wealth Advisors LLC now owns 41,875 shares of the semiconductor company’s stock valued at $4,712,000 after buying an additional 38,010 shares in the last quarter. Raymond James Trust N.A. raised its holdings in Entegris by 17.5% during the third quarter. Raymond James Trust N.A. now owns 2,135 shares of the semiconductor company’s stock valued at $240,000 after acquiring an additional 318 shares during the period. Charles Schwab Investment Management Inc. lifted its position 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 acquiring an additional 14,650 shares in the last quarter. Intech Investment Management LLC boosted its stake in shares of 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 acquiring an additional 1,464 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of Entegris by 0.9% during the third 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 in the last quarter.

Entegris Trading Up 1.9 %

ENTG opened at $107.24 on Friday. The stock has a 50-day moving average of $107.09 and a 200 day moving average of $118.73. The company has a current ratio of 2.92, a quick ratio of 1.83 and a debt-to-equity ratio of 1.14. Entegris, Inc. has a 12 month low of $94.92 and a 12 month high of $147.57. The firm has a market cap of $16.19 billion, a P/E ratio of 71.02, a P/E/G ratio of 1.74 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last announced its earnings results on Monday, November 4th. The semiconductor company reported $0.77 EPS 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 company had revenue of $807.70 million during the quarter, compared to analysts’ expectations of $832.44 million. During the same quarter last year, the firm posted $0.68 EPS. Entegris’s revenue for the quarter was down 9.1% compared to the same quarter last year. As a group, research analysts forecast that Entegris, Inc. will post 2.99 EPS for the current year.

Entegris Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on ENTG. KeyCorp lowered their price target on Entegris from $164.00 to $154.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Mizuho lowered their target price on shares of Entegris from $143.00 to $125.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. Craig Hallum cut their target price on shares of Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Citigroup decreased their price target 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. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $135.40.

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).