Park Place Capital Corp Cuts Stake in Entegris, Inc. (NASDAQ:ENTG)

Park Place Capital Corp lowered its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 45.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 774 shares of the semiconductor company’s stock after selling 646 shares during the period. Park Place Capital Corp’s holdings in Entegris were worth $77,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in ENTG. Quarry LP bought a new position in shares of Entegris during the second quarter valued at about $27,000. Capital Performance Advisors LLP bought a new position in Entegris during the 3rd quarter worth approximately $29,000. Blue Trust Inc. increased its stake in Entegris by 221.3% in the 3rd quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 239 shares during the period. Fortitude Family Office LLC lifted its position in Entegris by 195.7% in the fourth quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 274 shares during the last quarter. Finally, Covestor Ltd boosted its stake in shares of Entegris by 241.8% during the third quarter. Covestor Ltd now owns 417 shares of the semiconductor company’s stock valued at $47,000 after purchasing an additional 295 shares during the period.

Entegris Trading Up 0.4 %

ENTG opened at $107.19 on Thursday. The company has a quick ratio of 1.83, a current ratio of 2.92 and a debt-to-equity ratio of 1.14. Entegris, Inc. has a 52 week low of $94.92 and a 52 week high of $147.57. The stock has a market cap of $16.19 billion, a PE ratio of 70.99, a PEG ratio of 1.43 and a beta of 1.24. The business has a 50 day moving average of $103.58 and a 200-day moving average of $110.00.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.01). The firm had revenue of $807.70 million for the quarter, compared to analysts’ expectations of $832.44 million. Entegris had a net margin of 7.13% and a return on equity of 12.24%. The business’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.68 EPS. Equities research analysts predict that Entegris, Inc. will post 2.95 earnings per share for the current fiscal year.

Entegris Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date is Wednesday, January 29th. Entegris’s dividend payout ratio is 26.49%.

Analyst Upgrades and Downgrades

ENTG has been the topic of several analyst reports. BMO Capital Markets decreased their target price 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. Craig Hallum lowered their price objective on shares of Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Citigroup cut their target price on Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft lowered their price target on Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, Mizuho cut their price objective on Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $134.50.

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).