Townsend & Associates Inc Takes $201,000 Position in Entegris, Inc. (NASDAQ:ENTG)

Townsend & Associates Inc acquired a new stake in shares of Entegris, Inc. (NASDAQ:ENTG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,880 shares of the semiconductor company’s stock, valued at approximately $201,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Creative Planning boosted its position in shares of Entegris by 17.9% during the third quarter. Creative Planning now owns 14,212 shares of the semiconductor company’s stock valued at $1,599,000 after buying an additional 2,153 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Entegris by 221.3% during the third quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 239 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Entegris by 34.6% during the third quarter. Sequoia Financial Advisors LLC now owns 2,335 shares of the semiconductor company’s stock valued at $263,000 after buying an additional 600 shares during the last quarter. Signaturefd LLC boosted its position in shares of Entegris by 31.7% during the third quarter. Signaturefd LLC now owns 1,852 shares of the semiconductor company’s stock valued at $208,000 after buying an additional 446 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new position in shares of Entegris during the third quarter valued at approximately $1,963,000.

Entegris Stock Down 3.0 %

Shares of NASDAQ ENTG opened at $104.09 on Friday. Entegris, Inc. has a one year low of $94.92 and a one year high of $147.57. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.08 and a quick ratio of 1.86. The business’s fifty day moving average price is $103.09 and its 200-day moving average price is $106.36. The stock has a market capitalization of $15.73 billion, a PE ratio of 53.93, a P/E/G ratio of 1.50 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 EPS for the quarter, beating 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%. On average, equities research analysts anticipate that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date was Wednesday, January 29th. Entegris’s payout ratio is 20.73%.

Insider Transactions at Entegris

In other Entegris news, SVP Clinton M. Haris sold 12,652 shares of the 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 sale, the senior vice president now directly owns 34,820 shares in the company, valued at $3,722,954.40. This represents a 26.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on ENTG shares. KeyCorp cut their price objective on Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. BMO Capital Markets cut their price objective on Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft cut their price objective on Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Needham & Company LLC reissued a “buy” rating and issued a $120.00 price objective on shares of Entegris in a research report on Friday, February 7th. Finally, UBS Group cut their price objective on Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $128.78.

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).