Princeton Capital Management LLC Sells 445 Shares of Entegris, Inc. (NASDAQ:ENTG)

Princeton Capital Management LLC lowered its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 4.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,058 shares of the semiconductor company’s stock after selling 445 shares during the period. Princeton Capital Management LLC’s holdings in Entegris were worth $996,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ENTG. Mountaineer Partners Management LLC boosted its holdings in shares of Entegris by 16,255.1% during the third quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company’s stock worth $1,242,848,000 after purchasing an additional 10,977,064 shares during the period. Raymond James Financial Inc. purchased a new stake in Entegris in the 4th quarter worth approximately $91,869,000. Principal Financial Group Inc. grew its position in shares of Entegris by 130.8% in the 3rd quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company’s stock worth $155,287,000 after buying an additional 781,955 shares during the last quarter. Swedbank AB increased its stake in shares of Entegris by 249.7% during the third quarter. Swedbank AB now owns 1,050,361 shares of the semiconductor company’s stock valued at $118,197,000 after buying an additional 750,000 shares during the period. Finally, James Hambro & Partners LLP bought a new position in shares of Entegris during the fourth quarter valued at approximately $72,845,000.

Entegris Trading Up 2.0 %

NASDAQ ENTG opened at $98.32 on Tuesday. The stock’s fifty day moving average price is $102.24 and its 200-day moving average price is $104.59. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08. The stock has a market cap of $14.88 billion, a P/E ratio of 50.94, a P/E/G ratio of 1.50 and a beta of 1.32. Entegris, Inc. has a 12 month low of $92.84 and a 12 month high of $147.57.

Entegris (NASDAQ:ENTG) last posted its earnings results on Thursday, February 6th. The semiconductor company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.07. Entegris had a return on equity of 12.83% and a net margin of 9.03%. As a group, equities analysts forecast that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a yield of 0.41%. Entegris’s dividend payout ratio (DPR) is 20.73%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. KeyCorp cut their price target on shares of Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. StockNews.com lowered shares of Entegris from a “hold” rating to a “sell” rating in a report on Monday. Needham & Company LLC reissued a “buy” rating and issued a $120.00 target price on shares of Entegris in a research report on Friday, February 7th. Finally, Mizuho reduced their price target on Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Entegris presently has a consensus rating of “Moderate Buy” and an average price target of $124.88.

Insiders Place Their Bets

In related news, SVP Clinton M. Haris sold 12,652 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $106.92, for a total value of $1,352,751.84. Following the transaction, the senior vice president now owns 34,820 shares of the company’s stock, valued at approximately $3,722,954.40. This trade represents a 26.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Olivier Blachier sold 984 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $108.00, for a total transaction of $106,272.00. Following the sale, the senior vice president now directly owns 10,903 shares of the company’s stock, valued at approximately $1,177,524. This represents a 8.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by insiders.

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).