Entegris (NASDAQ:ENTG) SVP Sells $37,785.84 in Stock

Entegris, Inc. (NASDAQ:ENTG) SVP Olivier Blachier sold 488 shares of Entegris stock in a transaction on Monday, November 17th. The stock was sold at an average price of $77.43, for a total value of $37,785.84. Following the transaction, the senior vice president owned 14,124 shares in the company, valued at approximately $1,093,621.32. This represents a 3.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Entegris Trading Down 2.6%

Entegris stock traded down $1.91 during midday trading on Tuesday, hitting $72.88. 2,493,719 shares of the stock were exchanged, compared to its average volume of 3,071,863. The company has a current ratio of 3.30, a quick ratio of 1.95 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $11.05 billion, a price-to-earnings ratio of 37.57 and a beta of 1.39. The stock’s 50-day simple moving average is $90.15 and its 200 day simple moving average is $83.85. Entegris, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $112.36.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Wednesday, July 6th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter. The firm had revenue of $512.84 million for the quarter. Entegris had a net margin of 9.17% and a return on equity of 12.05%. On average, equities analysts anticipate that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 19th. Stockholders of record on Wednesday, October 29th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, October 29th. Entegris’s dividend payout ratio is currently 21.16%.

Hedge Funds Weigh In On Entegris

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in Entegris by 2.8% in the third quarter. Vanguard Group Inc. now owns 16,017,716 shares of the semiconductor company’s stock valued at $1,480,998,000 after purchasing an additional 443,518 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Entegris by 21.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,555,677 shares of the semiconductor company’s stock worth $1,185,852,000 after purchasing an additional 2,361,065 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of Entegris by 5.8% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,457,925 shares of the semiconductor company’s stock valued at $689,560,000 after purchasing an additional 412,121 shares in the last quarter. Capital Research Global Investors acquired a new stake in shares of Entegris in the third quarter valued at about $644,841,000. Finally, Principal Financial Group Inc. boosted its holdings in Entegris by 10.1% during the third quarter. Principal Financial Group Inc. now owns 5,876,271 shares of the semiconductor company’s stock worth $543,325,000 after buying an additional 540,755 shares in the last quarter.

Wall Street Analyst Weigh In

ENTG has been the subject of several recent research reports. Mizuho raised their price objective on shares of Entegris from $100.00 to $108.00 and gave the company an “outperform” rating in a research note on Friday, October 3rd. UBS Group decreased their target price on Entegris from $95.00 to $90.00 and set a “neutral” rating for the company in a report on Thursday, July 31st. Weiss Ratings reissued a “hold (c)” rating on shares of Entegris in a research note on Thursday. Oppenheimer initiated coverage on Entegris in a report on Thursday, September 4th. They set a “market perform” rating and a $95.00 price target on the stock. Finally, KeyCorp reissued an “overweight” rating and issued a $103.00 price objective (down from $112.00) on shares of Entegris in a research report on Thursday, July 31st. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $97.57.

Entegris Company Profile

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).