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.
COPYRIGHT VIOLATION WARNING: This report was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this report on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright law. The original version of this report can be viewed at https://www.dispatchtribunal.com/2018/02/23/entegris-inc-entg-ceo-bertrand-loy-sells-175000-shares-of-stock.html.
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).
Receive News & Ratings for Entegris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entegris and related companies with MarketBeat.com's FREE daily email newsletter.