Entegris (NASDAQ:ENTG) shares dropped 6.7% on Thursday . The company traded as low as $34.32 and last traded at $34.65. Approximately 1,838,129 shares changed hands during trading, an increase of 84% from the average daily volume of 1,000,740 shares. The stock had previously closed at $37.15.
ENTG has been the topic of a number of research analyst reports. ValuEngine upgraded shares of Entegris from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. Dougherty & Co increased their price objective 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. Needham & Company LLC restated a “buy” rating and set a $37.00 price objective (up previously from $35.00) on shares of Entegris in a research report on Wednesday, February 7th. Craig Hallum upgraded shares of Entegris from a “hold” rating to a “buy” rating in a research report on Tuesday, February 6th. Finally, Seaport Global Securities restated a “buy” rating and set a $40.00 price objective on shares of Entegris in a research report on Wednesday, March 21st. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Entegris currently has a consensus rating of “Buy” and an average target price of $37.27.
The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.95 and a current ratio of 3.63. The stock has a market capitalization of $5,347.64, a price-to-earnings ratio of 24.06, a P/E/G ratio of 1.91 and a beta of 1.40.
Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.04. Entegris had a net margin of 6.34% and a return on equity of 20.95%. The business had revenue of $350.56 million for the quarter, compared to the consensus estimate of $340.68 million. equities analysts expect that Entegris will post 1.75 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 23rd. Shareholders of record on Wednesday, May 2nd will be given a $0.07 dividend. The ex-dividend date is Tuesday, May 1st. This represents a $0.28 annualized dividend and a yield of 0.81%. Entegris’s payout ratio is presently 9.72%.
In other news, SVP Corey Rucci sold 5,732 shares of the stock in a transaction on Monday, March 12th. The shares were sold at an average price of $36.43, for a total value of $208,816.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Bertrand Loy sold 175,000 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $33.48, for a total transaction of $5,859,000.00. Following the completion of the sale, the chief executive officer now directly owns 581,012 shares of the company’s stock, valued at $19,452,281.76. The disclosure for this sale can be found here. Insiders sold 335,754 shares of company stock worth $11,317,780 over the last quarter. Insiders own 1.20% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in shares of Entegris by 3,425.3% in the third quarter. JPMorgan Chase & Co. now owns 187,230 shares of the semiconductor company’s stock worth $5,317,000 after purchasing an additional 181,919 shares in the last quarter. Westpac Banking Corp purchased a new stake in shares of Entegris in the fourth quarter worth $669,000. Sawgrass Asset Management LLC increased its stake in shares of Entegris by 76.8% in the fourth quarter. Sawgrass Asset Management LLC now owns 73,825 shares of the semiconductor company’s stock worth $2,248,000 after purchasing an additional 32,060 shares in the last quarter. Teacher Retirement System of Texas increased its stake in shares of Entegris by 308.6% in the fourth quarter. Teacher Retirement System of Texas now owns 47,869 shares of the semiconductor company’s stock worth $1,458,000 after purchasing an additional 36,153 shares in the last quarter. Finally, Gotham Asset Management LLC increased its stake in shares of Entegris by 794.9% in the fourth quarter. Gotham Asset Management LLC now owns 85,031 shares of the semiconductor company’s stock worth $2,589,000 after purchasing an additional 75,529 shares in the last quarter. 96.04% of the stock is owned by hedge funds and other institutional investors.
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Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries worldwide. It operates through three segments: Specialty Chemicals and Engineered Materials (SCEM), Microcontamination Control (MC), and Advanced Materials Handling (AMH).
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