Entegris (NASDAQ:ENTG) Share Price Breaks Below 200 Day Moving Average – Here’s What Happened

Shares of Entegris, Inc. (NASDAQ:ENTG) passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $138.52 and traded as low as $124.14. Entegris shares last traded at $124.75, with a volume of 9,100,811 shares traded.

Wall Street Analyst Weigh In

ENTG has been the topic of a number of research analyst reports. Freedom Capital upgraded shares of Entegris to a “strong-buy” rating in a research note on Monday, August 3rd. Needham & Company LLC lifted their price target on shares of Entegris from $170.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, October 29th. UBS Group upped their price objective on Entegris from $205.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, October 30th. Zacks Research lowered Entegris from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 7th. Finally, Deutsche Bank Aktiengesellschaft raised Entegris from a “hold” rating to a “buy” rating and raised their target price for the stock from $152.00 to $200.00 in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $187.17.

Entegris Stock Performance

The company has a debt-to-equity ratio of 0.75, a current ratio of 2.66 and a quick ratio of 1.59. The firm has a market capitalization of $19.06 billion, a PE ratio of 48.73, a P/E/G ratio of 1.12 and a beta of 1.39. The company’s fifty day simple moving average is $146.50 and its 200 day simple moving average is $138.52.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Thursday, October 29th. The semiconductor company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.20. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $925.35 million. Entegris had a net margin of 11.14% and a return on equity of 13.86%. The company’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.72 earnings per share. As a group, equities research analysts expect that Entegris, Inc. will post 4.38 EPS for the current fiscal year.

Entegris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 18th. Investors of record on Wednesday, October 28th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Wednesday, October 28th. Entegris’s payout ratio is currently 15.62%.

Insider Buying and Selling at Entegris

In other news, SVP Joseph Colella sold 3,916 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $164.48, for a total value of $644,103.68. Following the completion of the transaction, the senior vice president directly owned 50,297 shares of the company’s stock, valued at $8,272,850.56. This trade represents a 7.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Susan G. Rice sold 2,062 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $149.52, for a total value of $308,310.24. Following the completion of the transaction, the senior vice president directly owned 66,976 shares of the company’s stock, valued at $10,014,251.52. The trade was a 2.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 7,978 shares of company stock valued at $1,273,734 in the last 90 days. 0.53% of the stock is currently owned by company insiders.

Institutional Trading of Entegris

A number of institutional investors have recently added to or reduced their stakes in ENTG. BlackRock Inc. purchased a new position in Entegris during the 2nd quarter valued at about $3,683,556,000. Primecap Management Co. CA purchased a new stake in shares of Entegris in the second quarter worth about $562,141,000. Bank of America Corp DE purchased a new stake in shares of Entegris in the second quarter worth about $489,403,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Entegris in the second quarter worth about $486,101,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Entegris in the second quarter valued at approximately $248,869,000.

About Entegris

Entegris, Inc is a materials science and process technology company that supplies products and solutions used in the manufacture of semiconductors and other advanced technology products. Its offerings help chipmakers manage contamination, handle sensitive materials, and improve process control across the semiconductor production cycle.

The company’s products include specialty chemicals and gases, filtration and purification systems, wafer and substrate handling products, fluid-management components, and advanced materials used in semiconductor fabrication.