An issue of Entegris Inc (NASDAQ:ENTG) bonds fell 0.5% against their face value during trading on Monday. The high-yield debt issue has a 4.625% coupon and will mature on February 10, 2026. The bonds in the issue are now trading at $98.50 and were trading at $99.25 last week. Price changes in a company’s bonds in credit markets sometimes anticipate parallel changes in its stock price.
Several analysts recently issued reports on the stock. Citigroup upgraded shares of Entegris from a “neutral” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Thursday, February 15th. Zacks Investment Research upgraded shares of Entegris from a “sell” rating to a “hold” rating and set a $34.00 target price for the company in a research report on Thursday, February 8th. ValuEngine upgraded shares of Entegris from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. Dougherty & Co boosted their target price on shares of Entegris from $36.00 to $37.50 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $37.00 price target (up from $35.00) on shares of Entegris in a research report on Wednesday, February 7th. Three analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Entegris has an average rating of “Buy” and an average price target of $32.77.
Entegris Inc (NASDAQ:ENTG) opened at $33.65 on Wednesday. The firm has a market cap of $4,664.72, a P/E ratio of 22.95, a price-to-earnings-growth ratio of 1.68 and a beta of 1.51. Entegris Inc has a 12-month low of $20.85 and a 12-month high of $35.35. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.63 and a quick ratio of 2.95.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 21st. Shareholders of record on Wednesday, January 31st will be given a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.83%. Entegris’s payout ratio is currently 23.73%.
In other Entegris news, Director Michael A. Bradley sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $30.00, for a total value of $150,000.00. Following the completion of the transaction, the director now directly owns 65,557 shares in the company, valued at $1,966,710. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Paul L. H. Olson sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $30.21, for a total transaction of $90,630.00. Following the completion of the transaction, the director now owns 45,364 shares of the company’s stock, valued at $1,370,446.44. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.
Several large investors have recently modified their holdings of ENTG. Carillon Tower Advisers Inc. bought a new position in shares of Entegris during the fourth quarter worth $51,256,000. Deutsche Bank AG boosted its position in shares of Entegris by 118.7% during the fourth quarter. Deutsche Bank AG now owns 1,806,333 shares of the semiconductor company’s stock worth $55,000,000 after acquiring an additional 980,282 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of Entegris during the third quarter worth $23,700,000. Millennium Management LLC boosted its position in shares of Entegris by 225.2% during the fourth quarter. Millennium Management LLC now owns 1,124,553 shares of the semiconductor company’s stock worth $34,243,000 after acquiring an additional 778,761 shares during the last quarter. Finally, Two Sigma Investments LP boosted its position in shares of Entegris by 261.5% during the fourth quarter. Two Sigma Investments LP now owns 397,276 shares of the semiconductor company’s stock worth $12,097,000 after acquiring an additional 287,366 shares during the last quarter. Hedge funds and other institutional investors own 95.59% of the company’s stock.
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Entegris, Inc is a global developer, manufacturer and supplier of microcontamination control products, specialty chemicals and materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries. The Company operates in three business segments: Specialty Chemicals and Engineered Materials (SCEM), Advanced Materials Handling (AMH) and Microcontamination Control (MC).
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