Townsquare Capital LLC Sells 14,152 Shares of Entegris, Inc. (NASDAQ:ENTG)

Townsquare Capital LLC reduced its stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 23.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 46,171 shares of the semiconductor company's stock after selling 14,152 shares during the period. Townsquare Capital LLC's holdings in Entegris were worth $4,574,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Entegris by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 15,202,146 shares of the semiconductor company's stock worth $1,505,925,000 after acquiring an additional 169,180 shares during the last quarter. Norges Bank bought a new position in Entegris during the 4th quarter worth approximately $445,988,000. Cantillon Capital Management LLC lifted its position in shares of Entegris by 12.6% in the 4th quarter. Cantillon Capital Management LLC now owns 2,616,354 shares of the semiconductor company's stock worth $259,176,000 after purchasing an additional 291,893 shares during the period. Geode Capital Management LLC boosted its stake in shares of Entegris by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 2,560,896 shares of the semiconductor company's stock valued at $253,225,000 after purchasing an additional 22,948 shares during the last quarter. Finally, Swedbank AB boosted its stake in shares of Entegris by 47.7% in the 4th quarter. Swedbank AB now owns 1,550,942 shares of the semiconductor company's stock valued at $153,636,000 after purchasing an additional 500,581 shares during the last quarter.

Entegris Stock Up 1.7 %

NASDAQ:ENTG traded up $1.13 on Friday, hitting $68.73. The stock had a trading volume of 2,973,305 shares, compared to its average volume of 2,293,814. The company has a market cap of $10.40 billion, a PE ratio of 35.61, a P/E/G ratio of 1.50 and a beta of 1.36. Entegris, Inc. has a 52 week low of $60.75 and a 52 week high of $147.57. The business's fifty day moving average is $90.83 and its 200 day moving average is $99.71. The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 1.08.

Entegris (NASDAQ:ENTG - Get Free Report) last announced 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 net margin of 9.03% and a return on equity of 12.83%. On average, equities research analysts expect that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Wednesday, April 30th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.58%. Entegris's dividend payout ratio (DPR) is currently 20.73%.

Insiders Place Their Bets

In other news, SVP Clinton M. Haris sold 12,652 shares of Entegris stock in a transaction on Monday, February 10th. The stock was sold at an average price of $106.92, for a total transaction 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. The trade was a 26.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Olivier Blachier sold 984 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.00, for a total transaction of $106,272.00. Following the transaction, the senior vice president now owns 10,903 shares of the company's stock, valued at approximately $1,177,524. The trade was a 8.28 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company's stock.

Analyst Upgrades and Downgrades

ENTG has been the topic of a number of research analyst reports. StockNews.com cut shares of Entegris from a "hold" rating to a "sell" rating in a research report on Saturday. KeyCorp cut their target price on Entegris from $141.00 to $130.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Needham & Company LLC reaffirmed a "buy" rating and set a $120.00 target price on shares of Entegris in a research note on Friday, February 7th. Finally, Mizuho dropped their price target on Entegris from $125.00 to $120.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $123.50.

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).