Townsend & Associates Inc Purchases Shares of 1,880 Entegris, Inc. (NASDAQ:ENTG)

Townsend & Associates Inc purchased a new stake in Entegris, Inc. (NASDAQ:ENTG) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 1,880 shares of the semiconductor company’s stock, valued at approximately $201,000.

Several other large investors have also recently bought and sold shares of ENTG. Mountaineer Partners Management LLC boosted its holdings in Entegris by 16,255.1% in the 3rd quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company’s stock valued at $1,242,848,000 after purchasing an additional 10,977,064 shares during the period. Principal Financial Group Inc. lifted its holdings 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 acquiring an additional 781,955 shares during the last quarter. Swedbank AB lifted its holdings in shares of Entegris by 249.7% during the 3rd quarter. Swedbank AB now owns 1,050,361 shares of the semiconductor company’s stock worth $118,197,000 after acquiring an additional 750,000 shares during the last quarter. James Hambro & Partners LLP bought a new stake in shares of Entegris during the 4th quarter worth $72,845,000. Finally, D1 Capital Partners L.P. bought a new stake in shares of Entegris during the 3rd quarter worth $72,143,000.

Insider Activity at Entegris

In related news, SVP Clinton M. Haris sold 12,652 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the transaction, the senior vice president now owns 34,820 shares in the company, valued at $3,722,954.40. The trade was a 26.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.67% of the stock is owned by corporate insiders.

Entegris Price Performance

ENTG stock opened at $104.09 on Friday. The firm’s 50-day moving average price is $103.09 and its two-hundred day moving average price is $106.36. 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 price-to-earnings ratio of 53.93, a PEG ratio of 1.50 and a beta of 1.24. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.07. Entegris had a net margin of 9.03% and a return on equity of 12.83%. As a group, equities analysts predict that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were given 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 of this dividend was Wednesday, January 29th. Entegris’s payout ratio is 20.73%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ENTG shares. Citigroup dropped their price objective on shares of Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. BMO Capital Markets dropped their price objective on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Mizuho dropped their price objective on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. UBS Group lowered their price target on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Finally, KeyCorp lowered their price target on shares of Entegris from $150.00 to $141.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus 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).