Entegris Inc (ENTG) CEO Bertrand Loy Sells 175,000 Shares of Stock

Entegris Inc (NASDAQ:ENTG) CEO Bertrand Loy sold 175,000 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $33.48, for a total transaction of $5,859,000.00. Following the sale, the chief executive officer now owns 581,012 shares in the company, valued at approximately $19,452,281.76. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Entegris Inc (NASDAQ:ENTG) traded up $0.20 on Friday, hitting $33.00. The stock had a trading volume of 669,300 shares, compared to its average volume of 991,731. The company has a current ratio of 3.63, a quick ratio of 2.95 and a debt-to-equity ratio of 0.58. The stock has a market cap of $4,629.43, a price-to-earnings ratio of 55.93, a PEG ratio of 1.67 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 business also recently declared a quarterly dividend, which was paid on Wednesday, February 21st. Stockholders of record on Wednesday, January 31st were given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.85%. The ex-dividend date was Tuesday, January 30th. Entegris’s dividend payout ratio is presently 23.73%.

A number of analysts have recently commented on the stock. Zacks Investment Research cut shares of Entegris from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. ValuEngine upgraded shares of Entegris from a “hold” rating to a “buy” rating in a report on Thursday, February 8th. Needham & Company LLC restated a “buy” rating and set a $37.00 target price (up previously from $35.00) on shares of Entegris in a report on Wednesday, February 7th. Dougherty & Co boosted their target price on shares of Entegris from $33.00 to $36.00 and gave the company a “buy” rating in a report on Friday, October 27th. Finally, Craig Hallum upgraded shares of Entegris from a “hold” rating to a “buy” rating in a report on Tuesday, February 6th. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $32.77.

Several institutional investors and hedge funds have recently bought and sold shares of ENTG. California Public Employees Retirement System raised its position in shares of Entegris by 1.7% in the 2nd quarter. California Public Employees Retirement System now owns 161,100 shares of the semiconductor company’s stock worth $3,536,000 after purchasing an additional 2,700 shares during the last quarter. Royal Bank of Canada raised its position in shares of Entegris by 15.0% in the 2nd quarter. Royal Bank of Canada now owns 53,271 shares of the semiconductor company’s stock worth $1,169,000 after purchasing an additional 6,958 shares during the last quarter. State Street Corp raised its position in shares of Entegris by 5.7% in the 2nd quarter. State Street Corp now owns 2,842,071 shares of the semiconductor company’s stock worth $62,383,000 after purchasing an additional 152,890 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Entegris by 0.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 109,553 shares of the semiconductor company’s stock worth $2,405,000 after purchasing an additional 629 shares during the last quarter. Finally, Ameritas Investment Partners Inc. raised its position in shares of Entegris by 1.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 12,364 shares of the semiconductor company’s stock worth $271,000 after purchasing an additional 148 shares during the last quarter. 95.59% of the stock is owned by hedge funds and other institutional investors.

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About Entegris

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).

Insider Buying and Selling by Quarter for Entegris (NASDAQ:ENTG)

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