Entegris Inc (NASDAQ:ENTG) was the target of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 11,804,402 shares, a growth of 30.9% from the February 15th total of 9,016,188 shares. Currently, 8.9% of the company’s shares are sold short. Based on an average daily volume of 4,036,837 shares, the days-to-cover ratio is currently 2.9 days.

In other news, VP Michael Sauer sold 3,788 shares of the business’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $36.61, for a total transaction of $138,678.68. Following the completion of the sale, the vice president now owns 12,782 shares in the company, valued at approximately $467,949.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Todd James Edlund sold 32,977 shares of the business’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $35.08, for a total value of $1,156,833.16. Following the sale, the chief operating officer now owns 147,556 shares of the company’s stock, valued at approximately $5,176,264.48. The disclosure for this sale can be found here. Insiders have sold a total of 85,508 shares of company stock valued at $3,019,111 in the last quarter. Company insiders own 1.20% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Entegris by 3.5% during the 3rd quarter. Vanguard Group Inc. now owns 12,923,047 shares of the semiconductor company’s stock worth $374,123,000 after acquiring an additional 437,632 shares in the last quarter. Vanguard Group Inc lifted its position in Entegris by 3.5% during the 3rd quarter. Vanguard Group Inc now owns 12,923,047 shares of the semiconductor company’s stock worth $374,123,000 after acquiring an additional 437,632 shares in the last quarter. FMR LLC lifted its position in Entegris by 19.9% during the 4th quarter. FMR LLC now owns 5,740,240 shares of the semiconductor company’s stock worth $160,124,000 after acquiring an additional 953,373 shares in the last quarter. Shapiro Capital Management LLC lifted its position in Entegris by 8.3% during the 4th quarter. Shapiro Capital Management LLC now owns 4,688,696 shares of the semiconductor company’s stock worth $130,791,000 after acquiring an additional 360,416 shares in the last quarter. Finally, Eagle Asset Management Inc. lifted its position in Entegris by 11.1% during the 4th quarter. Eagle Asset Management Inc. now owns 2,991,728 shares of the semiconductor company’s stock worth $83,454,000 after acquiring an additional 298,532 shares in the last quarter. 99.59% of the stock is currently owned by hedge funds and other institutional investors.

Entegris stock opened at $35.29 on Thursday. The company has a market cap of $4.73 billion, a P/E ratio of 18.67 and a beta of 1.36. The company has a current ratio of 3.82, a quick ratio of 2.82 and a debt-to-equity ratio of 0.92. Entegris has a one year low of $23.39 and a one year high of $40.17.

Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Tuesday, February 5th. The semiconductor company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01. The firm had revenue of $401.60 million for the quarter, compared to analyst estimates of $398.98 million. Entegris had a return on equity of 25.86% and a net margin of 15.53%. Entegris’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.42 EPS. Sell-side analysts expect that Entegris will post 2.01 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 20th. Investors of record on Wednesday, January 30th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend was Tuesday, January 29th. Entegris’s dividend payout ratio (DPR) is presently 14.81%.

A number of analysts have recently issued reports on ENTG shares. Zacks Investment Research upgraded Entegris from a “sell” rating to a “hold” rating in a report on Thursday, December 27th. Loop Capital set a $51.00 target price on Entegris and gave the stock a “buy” rating in a report on Tuesday, January 29th. Seaport Global Securities cut Entegris from a “buy” rating to a “neutral” rating in a report on Thursday, February 28th. ValuEngine upgraded Entegris from a “sell” rating to a “hold” rating in a report on Friday, December 28th. Finally, BidaskClub upgraded Entegris from a “sell” rating to a “hold” rating in a report on Friday, December 28th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $42.17.

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Entegris Company Profile

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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