Todd James Edlund Sells 5,954 Shares of Entegris, Inc. (ENTG) Stock
Entegris, Inc. (NASDAQ:ENTG) COO Todd James Edlund sold 5,954 shares of the business’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $32.32, for a total value of $192,433.28. Following the transaction, the chief operating officer now owns 143,774 shares of the company’s stock, valued at approximately $4,646,775.68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Entegris, Inc. (NASDAQ:ENTG) opened at $32.50 on Thursday. The stock has a market capitalization of $4,602.46, a price-to-earnings ratio of 25.63, a PEG ratio of 2.11 and a beta of 1.56. The company has a current ratio of 3.14, a quick ratio of 2.43 and a debt-to-equity ratio of 0.40. Entegris, Inc. has a 52-week low of $15.31 and a 52-week high of $33.05.
Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.06. Entegris had a return on equity of 18.82% and a net margin of 10.73%. The firm had revenue of $345.60 million for the quarter, compared to analyst estimates of $334.30 million. During the same period in the previous year, the firm earned $0.24 earnings per share. Entegris’s quarterly revenue was up 16.5% on a year-over-year basis. research analysts anticipate that Entegris, Inc. will post 1.37 EPS for the current fiscal year.
The business also recently declared a special dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 1st will be paid a dividend of $0.07 per share. The ex-dividend date is Tuesday, October 31st. Entegris’s dividend payout ratio (DPR) is presently 7.22%.
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Large investors have recently made changes to their positions in the stock. Teacher Retirement System of Texas lifted its position in shares of Entegris by 0.5% in the 2nd quarter. Teacher Retirement System of Texas now owns 11,271 shares of the semiconductor company’s stock worth $247,000 after acquiring an additional 53 shares during the period. Alps Advisors Inc. raised its holdings in shares of Entegris by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 21,965 shares of the semiconductor company’s stock worth $482,000 after buying an additional 56 shares in the last quarter. Pacad Investment Ltd. raised its holdings in shares of Entegris by 0.7% in the 2nd quarter. Pacad Investment Ltd. now owns 13,821 shares of the semiconductor company’s stock worth $303,000 after buying an additional 100 shares in the last quarter. Ameritas Investment Partners Inc. raised its holdings 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 buying an additional 148 shares in the last quarter. Finally, 1st Global Advisors Inc. raised its holdings in shares of Entegris by 0.6% in the 2nd quarter. 1st Global Advisors Inc. now owns 34,720 shares of the semiconductor company’s stock worth $762,000 after buying an additional 206 shares in the last quarter. Hedge funds and other institutional investors own 95.68% of the company’s stock.
A number of research analysts have issued reports on ENTG shares. BidaskClub upgraded Entegris from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Zacks Investment Research upgraded Entegris from a “hold” rating to a “strong-buy” rating and set a $30.00 price target for the company in a research report on Monday, July 31st. Loop Capital upped their price objective on Entegris from $35.00 to $40.00 and gave the company a “buy” rating in a report on Friday, October 27th. Dougherty & Co upped their price objective on Entegris from $33.00 to $36.00 and gave the company a “buy” rating in a report on Friday, October 27th. Finally, Citigroup Inc. upped their price objective on Entegris from $29.00 to $34.00 and gave the company a “neutral” rating in a report on Friday, October 27th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $32.10.
Entegris Company Profile
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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