Entegris, Inc. (NASDAQ:ENTG) Short Interest Update

Entegris, Inc. (NASDAQ:ENTGGet Free Report) was the recipient of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 4,330,000 shares, a decrease of 9.4% from the February 29th total of 4,780,000 shares. Based on an average daily trading volume, of 1,400,000 shares, the short-interest ratio is currently 3.1 days.

Insider Buying and Selling

In other Entegris news, SVP Susan G. Rice sold 17,518 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $135.86, for a total transaction of $2,379,995.48. Following the transaction, the senior vice president now owns 42,931 shares in the company, valued at $5,832,605.66. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Entegris news, SVP Susan G. Rice sold 17,518 shares of Entegris stock in a transaction on Friday, February 16th. The stock was sold at an average price of $135.86, for a total transaction of $2,379,995.48. Following the completion of the transaction, the senior vice president now directly owns 42,931 shares of the company’s stock, valued at $5,832,605.66. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Daniel D. Woodland sold 9,000 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $139.50, for a total value of $1,255,500.00. Following the completion of the sale, the insider now owns 32,730 shares of the company’s stock, valued at $4,565,835. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,082 shares of company stock worth $5,606,849. Insiders own 0.67% of the company’s stock.

Institutional Trading of Entegris

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Legacy Financial Group LLC bought a new position in Entegris in the 3rd quarter worth about $30,000. Trust Co. of Vermont bought a new position in Entegris in the 4th quarter worth about $31,000. KB Financial Partners LLC bought a new position in Entegris in the 1st quarter worth about $34,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Entegris in the 4th quarter worth about $35,000. Finally, Belpointe Asset Management LLC increased its stake in Entegris by 51.1% in the 1st quarter. Belpointe Asset Management LLC now owns 485 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 164 shares during the last quarter.

Entegris Price Performance

ENTG traded down $2.30 on Tuesday, reaching $138.32. The stock had a trading volume of 1,232,027 shares, compared to its average volume of 1,427,554. Entegris has a fifty-two week low of $69.37 and a fifty-two week high of $146.91. The firm has a 50-day moving average of $132.78 and a 200-day moving average of $113.43. The company has a current ratio of 3.85, a quick ratio of 2.67 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $20.85 billion, a price-to-earnings ratio of 116.24 and a beta of 1.32.

Entegris (NASDAQ:ENTGGet Free Report) last issued its earnings results on Tuesday, February 13th. The semiconductor company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. The business had revenue of $812.30 million during the quarter, compared to the consensus estimate of $780.95 million. Entegris had a return on equity of 12.00% and a net margin of 5.13%. The firm’s revenue for the quarter was down 14.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.83 earnings per share. As a group, sell-side analysts anticipate that Entegris will post 3.31 EPS for the current year.

Entegris Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 21st. Shareholders of record on Wednesday, January 31st were paid a $0.10 dividend. The ex-dividend date was Tuesday, January 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.29%. Entegris’s payout ratio is presently 33.61%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ENTG shares. Wolfe Research started coverage on Entegris in a research report on Friday, March 1st. They issued an “outperform” rating and a $160.00 price objective for the company. Needham & Company LLC reiterated a “buy” rating and set a $150.00 price objective on shares of Entegris in a report on Thursday, March 7th. The Goldman Sachs Group lifted their price objective on Entegris from $104.00 to $147.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Citigroup lifted their price objective on Entegris from $117.00 to $134.00 and gave the company a “neutral” rating in a report on Friday, February 16th. Finally, UBS Group boosted their target price on Entegris from $90.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $141.64.

Check Out Our Latest Report on Entegris

About Entegris

(Get Free Report)

Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions in North America, Taiwan, China, South Korea, Japan, Europe, and Southeast Asia. It operates in three segments: Materials Solutions (MS); Microcontamination Control (MC); and Advanced Materials Handling (AMH).

Further Reading

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.