Entegris, Inc. (NASDAQ:ENTG) Position Lessened by Narwhal Capital Management

Narwhal Capital Management reduced its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 15.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,463 shares of the semiconductor company’s stock after selling 9,321 shares during the quarter. Narwhal Capital Management’s holdings in Entegris were worth $5,197,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. grew its position in shares of Entegris by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,065,812 shares of the semiconductor company’s stock worth $119,936,000 after acquiring an additional 14,650 shares during the last quarter. Synovus Financial Corp boosted its stake in Entegris by 102.3% during the 3rd quarter. Synovus Financial Corp now owns 38,253 shares of the semiconductor company’s stock valued at $4,305,000 after purchasing an additional 19,340 shares during the period. Argent Capital Management LLC grew its position in Entegris by 9.9% in the 4th quarter. Argent Capital Management LLC now owns 31,066 shares of the semiconductor company’s stock worth $3,077,000 after purchasing an additional 2,793 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Entegris in the third quarter valued at approximately $1,158,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Entegris during the third quarter valued at approximately $1,963,000.

Analyst Ratings Changes

ENTG has been the subject of a number of recent analyst reports. Mizuho decreased their price objective on Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Craig Hallum decreased their price target on Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. BMO Capital Markets cut their price objective on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, KeyCorp dropped their price target on shares of Entegris from $154.00 to $150.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.50.

Entegris Stock Performance

Shares of ENTG opened at $104.19 on Monday. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.92 and a quick ratio of 1.83. The firm’s 50 day moving average is $103.80 and its 200-day moving average is $109.26. Entegris, Inc. has a 12-month low of $94.92 and a 12-month high of $147.57. The stock has a market capitalization of $15.73 billion, a P/E ratio of 69.00, a P/E/G ratio of 1.46 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.01). Entegris had a return on equity of 12.24% and a net margin of 7.13%. The business had revenue of $807.70 million during the quarter, compared to analyst estimates of $832.44 million. During the same quarter last year, the firm posted $0.68 EPS. The company’s quarterly revenue was down 9.1% compared to the same quarter last year. Equities research analysts anticipate that Entegris, Inc. will post 2.94 EPS for the current fiscal year.

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. The ex-dividend date of this dividend is Wednesday, January 29th. Entegris’s dividend payout ratio is 26.49%.

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).