Park Place Capital Corp Reduces Stock Position in Entegris, Inc. (NASDAQ:ENTG)

Park Place Capital Corp trimmed its stake in Entegris, Inc. (NASDAQ:ENTG) by 6.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,420 shares of the semiconductor company’s stock after selling 95 shares during the period. Park Place Capital Corp’s holdings in Entegris were worth $160,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Innealta Capital LLC bought a new position in Entegris during the 2nd quarter valued at about $26,000. Summit Securities Group LLC bought a new stake in shares of Entegris during the second quarter valued at approximately $27,000. Quarry LP purchased a new position in Entegris during the 2nd quarter worth $27,000. Trust Co. of Vermont bought a new stake in Entegris during the 4th quarter valued at $31,000. Finally, Opal Wealth Advisors LLC bought a new stake in shares of Entegris in the second quarter valued at about $31,000.

Analysts Set New Price Targets

Several research firms have recently commented on ENTG. Needham & Company LLC restated a “buy” rating and issued a $150.00 price target on shares of Entegris in a report on Thursday, August 1st. Citigroup upgraded Entegris from a “neutral” rating to a “buy” rating and lifted their target price for the company from $119.00 to $130.00 in a research note on Monday, September 16th. BMO Capital Markets decreased their price target on shares of Entegris from $160.00 to $145.00 and set an “outperform” rating for the company in a research report on Thursday, August 1st. Mizuho upgraded shares of Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price objective for the company in a research note on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Entegris from $160.00 to $145.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. One equities research 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $146.40.

Entegris Price Performance

NASDAQ ENTG opened at $110.06 on Wednesday. The company has a market cap of $16.60 billion, a price-to-earnings ratio of 52.91, a PEG ratio of 1.50 and a beta of 1.24. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.58 and a quick ratio of 2.14. The stock’s fifty day moving average price is $110.50 and its 200 day moving average price is $125.30. Entegris, Inc. has a 1 year low of $84.13 and a 1 year high of $147.57.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.01. The firm had revenue of $812.60 million during the quarter, compared to analysts’ expectations of $802.43 million. Entegris had a return on equity of 12.03% and a net margin of 5.61%. The company’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period last year, the business posted $0.66 earnings per share. As a group, equities research analysts forecast that Entegris, Inc. will post 3.14 earnings per share for the current year.

Entegris Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, July 31st were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $0.40 dividend on an annualized basis and a yield of 0.36%. Entegris’s dividend payout ratio is presently 19.23%.

Insider Buying and Selling at Entegris

In other news, insider Daniel D. Woodland sold 15,000 shares of the business’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $145.00, for a total value of $2,175,000.00. Following the completion of the transaction, the insider now owns 37,457 shares of the company’s stock, valued at $5,431,265. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.67% of the stock is owned by corporate insiders.

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).