William Blair Investment Management LLC Sells 240,425 Shares of Entegris, Inc. (NASDAQ:ENTG)

William Blair Investment Management LLC decreased its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 24.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 732,330 shares of the semiconductor company’s stock after selling 240,425 shares during the quarter. William Blair Investment Management LLC owned about 0.49% of Entegris worth $102,922,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Trust Co. of Vermont bought a new position in shares of Entegris during the fourth quarter worth $31,000. ORG Partners LLC bought a new position in Entegris during the first quarter valued at $33,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Entegris during the fourth quarter valued at $35,000. Quent Capital LLC lifted its position in Entegris by 59.1% during the fourth quarter. Quent Capital LLC now owns 366 shares of the semiconductor company’s stock valued at $44,000 after purchasing an additional 136 shares during the last quarter. Finally, Arlington Trust Co LLC bought a new position in Entegris during the fourth quarter valued at $46,000.

Entegris Trading Down 8.6 %

Shares of ENTG traded down $12.67 during midday trading on Wednesday, hitting $133.81. The stock had a trading volume of 3,460,792 shares, compared to its average volume of 1,398,528. The firm has a market cap of $20.18 billion, a PE ratio of 65.70, a price-to-earnings-growth ratio of 1.65 and a beta of 1.25. Entegris, Inc. has a 1 year low of $84.13 and a 1 year high of $147.57. The stock’s 50 day moving average is $134.13 and its 200 day moving average is $130.87. The company has a debt-to-equity ratio of 1.22, a current ratio of 3.35 and a quick ratio of 2.02.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.61 by $0.07. The company had revenue of $771.03 million for the quarter, compared to the consensus estimate of $769.24 million. Entegris had a net margin of 9.31% and a return on equity of 11.94%. The firm’s revenue was down 16.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.65 EPS. As a group, analysts forecast that Entegris, Inc. will post 3.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ENTG has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $160.00 price objective on shares of Entegris in a research report on Wednesday, June 26th. Needham & Company LLC reiterated a “buy” rating and set a $150.00 price objective on shares of Entegris in a research report on Monday, May 13th. Finally, Mizuho increased their price objective on shares of Entegris from $140.00 to $143.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $149.80.

Insider Buying and Selling

In related news, insider Daniel D. Woodland sold 15,000 shares of the firm’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $145.00, for a total value of $2,175,000.00. Following the transaction, the insider now owns 37,457 shares of the company’s stock, valued at approximately $5,431,265. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Entegris news, insider Daniel D. Woodland sold 15,000 shares of the firm’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $145.00, for a total transaction of $2,175,000.00. Following the transaction, the insider now owns 37,457 shares of the company’s stock, valued at approximately $5,431,265. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Clinton M. Haris sold 5,005 shares of the firm’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $124.74, for a total transaction of $624,323.70. Following the transaction, the senior vice president now directly owns 34,600 shares in the company, valued at approximately $4,316,004. The disclosure for this sale can be found here. Insiders have sold 70,796 shares of company stock valued at $9,870,921 in the last 90 days. Company insiders own 0.67% of the company’s stock.

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).