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

Park Place Capital Corp reduced its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 45.5% during the fourth quarter, HoldingsChannel reports. The firm 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 Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of ENTG. Dimensional Fund Advisors LP lifted its stake in Entegris by 0.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 632,751 shares of the semiconductor company’s stock valued at $85,676,000 after acquiring an additional 2,483 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in Entegris by 45.8% during the second quarter. Mercer Global Advisors Inc. ADV now owns 10,560 shares of the semiconductor company’s stock valued at $1,430,000 after purchasing an additional 3,319 shares during the period. Amalgamated Bank boosted its holdings in Entegris by 20.0% in the second quarter. Amalgamated Bank now owns 10,176 shares of the semiconductor company’s stock worth $1,378,000 after purchasing an additional 1,698 shares during the last quarter. Hsbc Holdings PLC grew its position in Entegris by 7.0% in the 2nd quarter. Hsbc Holdings PLC now owns 35,735 shares of the semiconductor company’s stock worth $4,839,000 after purchasing an additional 2,328 shares during the period. Finally, ProShare Advisors LLC grew its position in Entegris by 15.5% in the 2nd quarter. ProShare Advisors LLC now owns 22,966 shares of the semiconductor company’s stock worth $3,110,000 after purchasing an additional 3,080 shares during the period.

Entegris Price Performance

Shares of NASDAQ:ENTG opened at $107.19 on Thursday. The company has a market capitalization of $16.19 billion, a P/E ratio of 70.99, a P/E/G ratio of 1.43 and a beta of 1.24. Entegris, Inc. has a 1-year low of $94.92 and a 1-year high of $147.57. The firm’s 50 day simple moving average is $103.58 and its two-hundred day simple moving average is $110.00. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.92 and a quick ratio of 1.83.

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

Entegris Announces Dividend

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

Analyst Ratings Changes

ENTG has been the topic of several research analyst reports. KeyCorp lowered their price target on Entegris from $154.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Craig Hallum dropped their target price on Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. BMO Capital Markets reduced their price target on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. UBS Group dropped their price objective on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Finally, Mizuho reduced their target price 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Entegris presently has an average rating of “Moderate Buy” and a consensus price target of $134.50.

Entegris 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).