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

Princeton Capital Management LLC reduced its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 3.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,026 shares of the semiconductor company’s stock after selling 508 shares during the period. Princeton Capital Management LLC’s holdings in Entegris were worth $1,680,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Entegris in the fourth quarter valued at $125,473,000. Select Equity Group L.P. lifted its holdings in Entegris by 22.3% during the 4th quarter. Select Equity Group L.P. now owns 6,386,560 shares of the semiconductor company’s stock worth $613,748,000 after buying an additional 1,163,703 shares during the last quarter. BlackRock Inc. lifted its holdings in Entegris by 5.6% during the 1st quarter. BlackRock Inc. now owns 12,884,049 shares of the semiconductor company’s stock worth $1,440,437,000 after buying an additional 678,294 shares during the last quarter. Thornburg Investment Management Inc. purchased a new stake in Entegris during the 4th quarter worth about $26,161,000. Finally, GW&K Investment Management LLC lifted its holdings in Entegris by 38.4% during the 1st quarter. GW&K Investment Management LLC now owns 925,724 shares of the semiconductor company’s stock worth $103,496,000 after buying an additional 256,835 shares during the last quarter. Institutional investors and hedge funds own 94.04% of the company’s stock.

In related news, CFO Gregory B. Graves sold 20,328 shares of the firm’s stock in a transaction that occurred on Monday, April 12th. The shares were sold at an average price of $119.35, for a total transaction of $2,426,146.80. Following the completion of the sale, the chief financial officer now directly owns 44,049 shares in the company, valued at $5,257,248.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Bertrand Loy sold 300,444 shares of the firm’s stock in a transaction that occurred on Monday, April 5th. The stock was sold at an average price of $120.69, for a total transaction of $36,260,586.36. Following the sale, the chief executive officer now owns 640,898 shares of the company’s stock, valued at $77,349,979.62. The disclosure for this sale can be found here. In the last quarter, insiders have sold 555,562 shares of company stock worth $66,632,939. 1.30% of the stock is owned by company insiders.

NASDAQ ENTG remained flat at $$115.57 during trading hours on Friday. The company had a trading volume of 10,290 shares, compared to its average volume of 932,570. Entegris, Inc. has a 52-week low of $56.16 and a 52-week high of $126.41. The company has a market capitalization of $15.66 billion, a PE ratio of 49.60 and a beta of 1.26. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.33 and a current ratio of 4.67. The company’s fifty day moving average is $113.58.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Tuesday, April 27th. The semiconductor company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.02). Entegris had a net margin of 16.26% and a return on equity of 27.38%. The firm had revenue of $512.80 million during the quarter, compared to analysts’ expectations of $518.05 million. During the same period in the previous year, the company earned $0.55 earnings per share. The business’s quarterly revenue was up 24.4% on a year-over-year basis. Sell-side analysts predict that Entegris, Inc. will post 3.19 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 19th. Investors of record on Wednesday, April 28th were paid a dividend of $0.08 per share. The ex-dividend date was Tuesday, April 27th. This represents a $0.32 annualized dividend and a yield of 0.28%. Entegris’s dividend payout ratio (DPR) is 12.60%.

ENTG has been the subject of a number of recent analyst reports. Wolfe Research initiated coverage on Entegris in a report on Wednesday. They set an “outperform” rating for the company. UBS Group initiated coverage on Entegris in a research report on Wednesday, April 21st. They set a “neutral” rating and a $120.00 target price on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on Entegris from $120.00 to $125.00 and gave the stock a “hold” rating in a research report on Wednesday, April 28th. Finally, Zacks Investment Research upgraded Entegris from a “hold” rating to a “buy” rating and set a $129.00 price target on the stock in a research report on Tuesday, April 27th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $108.73.

About Entegris

Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries in North America, Taiwan, South Korea, Japan, China, Europe, and Southeast Asia.

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Institutional Ownership by Quarter for Entegris (NASDAQ:ENTG)

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