Princeton Capital Management LLC Trims Holdings in Entegris, Inc. (NASDAQ:ENTG)

Princeton Capital Management LLC lowered its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 4.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,058 shares of the semiconductor company’s stock after selling 445 shares during the quarter. Princeton Capital Management LLC’s holdings in Entegris were worth $996,000 as of its most recent SEC filing.

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

Entegris Price Performance

Shares of Entegris stock opened at $98.32 on Tuesday. The stock has a market cap of $14.88 billion, a price-to-earnings ratio of 50.94, a price-to-earnings-growth ratio of 1.50 and a beta of 1.32. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08. The stock has a 50 day moving average price of $102.24 and a 200-day moving average price of $104.59. Entegris, Inc. has a one year low of $92.84 and a one year high of $147.57.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.07. Entegris had a net margin of 9.03% and a return on equity of 12.83%. Equities analysts expect that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend was Wednesday, January 29th. Entegris’s payout ratio is currently 20.73%.

Analyst Ratings Changes

ENTG has been the subject of several recent analyst reports. StockNews.com downgraded Entegris from a “hold” rating to a “sell” rating in a research note on Monday. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price target on shares of Entegris in a research note on Friday, February 7th. KeyCorp cut their price objective on Entegris from $150.00 to $141.00 and set an “overweight” rating for the company in a research report on Friday, February 7th. Finally, Mizuho dropped their price target on Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Entegris currently has an average rating of “Moderate Buy” and a consensus target price of $124.88.

Insider Activity

In other news, SVP Clinton M. Haris sold 12,652 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the completion of the sale, the senior vice president now directly owns 34,820 shares of the company’s stock, valued at approximately $3,722,954.40. The trade was a 26.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Olivier Blachier sold 984 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $108.00, for a total transaction of $106,272.00. Following the completion of the transaction, the senior vice president now directly owns 10,903 shares in the company, valued at $1,177,524. This represents a 8.28 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

Entegris 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).