Entegris, Inc. (NASDAQ:ENTG) SVP Olivier Blachier Sells 1,986 Shares of Stock

Entegris, Inc. (NASDAQ:ENTGGet Free Report) SVP Olivier Blachier sold 1,986 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $133.84, for a total transaction of $265,806.24. Following the sale, the senior vice president now owns 12,356 shares in the company, valued at $1,653,727.04. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Entegris Stock Performance

Entegris stock opened at $129.50 on Friday. The firm’s 50 day simple moving average is $134.10 and its 200-day simple moving average is $122.10. The company has a market cap of $19.53 billion, a P/E ratio of 62.26 and a beta of 1.31. The company has a debt-to-equity ratio of 1.22, a current ratio of 3.35 and a quick ratio of 2.02. Entegris, Inc. has a fifty-two week low of $84.13 and a fifty-two week high of $146.91.

Entegris (NASDAQ:ENTGGet Free Report) last released its earnings results on Wednesday, May 1st. The semiconductor company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.07. The business had revenue of $771.03 million for the quarter, compared to the consensus estimate of $769.24 million. Entegris had a net margin of 9.31% and a return on equity of 11.94%. The firm’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same period last year, the firm posted $0.65 earnings per share. As a group, equities research analysts predict that Entegris, Inc. will post 3.3 EPS for the current year.

Entegris Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 1st will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date of this dividend is Tuesday, April 30th. Entegris’s dividend payout ratio (DPR) is presently 19.23%.

Institutional Trading of Entegris

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Entegris by 0.8% in the first quarter. Vanguard Group Inc. now owns 14,666,653 shares of the semiconductor company’s stock valued at $2,061,251,000 after acquiring an additional 112,638 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Entegris by 7.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,085,147 shares of the semiconductor company’s stock worth $1,838,988,000 after buying an additional 916,420 shares during the last quarter. WCM Investment Management LLC lifted its stake in shares of Entegris by 0.4% in the fourth quarter. WCM Investment Management LLC now owns 5,173,163 shares of the semiconductor company’s stock worth $628,177,000 after buying an additional 22,249 shares during the last quarter. London Co. of Virginia lifted its stake in shares of Entegris by 0.6% in the third quarter. London Co. of Virginia now owns 2,867,758 shares of the semiconductor company’s stock worth $269,311,000 after buying an additional 17,077 shares during the last quarter. Finally, Norges Bank bought a new position in Entegris during the fourth quarter worth $278,727,000.

Analysts Set New Price Targets

A number of research firms have commented on ENTG. Needham & Company LLC restated a “buy” rating and set a $150.00 price target on shares of Entegris in a research report on Monday, May 13th. StockNews.com cut shares of Entegris from a “hold” rating to a “sell” rating in a research note on Thursday, February 22nd. The Goldman Sachs Group lifted their price objective on shares of Entegris from $104.00 to $147.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. BMO Capital Markets lifted their price objective on shares of Entegris from $130.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th. Finally, Craig Hallum raised shares of Entegris from a “hold” rating to a “buy” rating and set a $150.00 price objective on the stock in a research note on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Entegris presently has a consensus rating of “Moderate Buy” and an average target price of $148.67.

Get Our Latest Stock Report on ENTG

Entegris Company Profile

(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).

See Also

Insider Buying and Selling by Quarter for Entegris (NASDAQ:ENTG)

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.