Answer:
In short, no, but to elaborate...
One reason that the pentacle is associated with devil worship, satanism, etc.. is because of its connection to Wicca, tarot, and many other pagan traditions and religions.
It was used as a protective symbol by Christians for many years but during years that the Christian church hunted and burned "witches" they found that many of the people accused were using the symbol as well. The Christians believed that these people were working for the devil so the symbol must have been satanic. This was when the pentacle began to represent a goats head, or the devil in the form of Baphomet.
Even though the pentacle is believed to be evil by the Christians it has many meanings to many different people. The wiccan priests use it either upright or inverted to denote rank for example.