Townsquare Capital LLC Sells 3,615 Shares of Entegris, Inc. (NASDAQ:ENTG)

Townsquare Capital LLC cut its holdings in Entegris, Inc. (NASDAQ:ENTG) by 5.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,323 shares of the semiconductor company’s stock after selling 3,615 shares during the period. Townsquare Capital LLC’s holdings in Entegris were worth $6,788,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Earnest Partners LLC raised its stake in shares of Entegris by 0.6% during the 2nd quarter. Earnest Partners LLC now owns 1,858,757 shares of the semiconductor company’s stock worth $251,676,000 after purchasing an additional 11,692 shares during the period. American Century Companies Inc. boosted its stake in Entegris by 20.2% in the second quarter. American Century Companies Inc. now owns 1,523,824 shares of the semiconductor company’s stock valued at $206,326,000 after acquiring an additional 256,186 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of Entegris by 0.9% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,503,656 shares of the semiconductor company’s stock valued at $169,206,000 after acquiring an additional 12,913 shares during the period. Principal Financial Group Inc. increased its stake in shares of Entegris by 130.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company’s stock worth $155,287,000 after purchasing an additional 781,955 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Entegris by 7.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,083,217 shares of the semiconductor company’s stock worth $146,668,000 after purchasing an additional 77,083 shares during the period.

Entegris Stock Performance

Shares of ENTG opened at $104.96 on Friday. Entegris, Inc. has a 12-month low of $94.92 and a 12-month high of $147.57. The company has a current ratio of 2.92, a quick ratio of 1.83 and a debt-to-equity ratio of 1.14. The company has a market cap of $15.85 billion, a PE ratio of 69.51, a price-to-earnings-growth ratio of 1.78 and a beta of 1.24. The stock has a 50-day moving average price of $106.83 and a 200-day moving average price of $118.13.

Entegris (NASDAQ:ENTG) last announced its 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). The company had revenue of $807.70 million for the quarter, compared to the consensus estimate of $832.44 million. Entegris had a net margin of 7.13% and a return on equity of 12.24%. The company’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.68 earnings per share. As a group, equities analysts forecast that Entegris, Inc. will post 2.99 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, October 30th were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.38%. Entegris’s dividend payout ratio is presently 26.49%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ENTG. Citigroup reduced their price objective on Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Craig Hallum reduced their target price 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. BMO Capital Markets dropped their price target 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. Needham & Company LLC reissued a “buy” rating and set a $150.00 price objective on shares of Entegris in a report on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. 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 company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.40.

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).