Entegris Inc (NASDAQ:ENTG) COO Todd James Edlund sold 5,000 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $33.82, for a total transaction of $169,100.00. The transaction was disclosed in a filing with the SEC, which is available through this link.
Shares of Entegris Inc (NASDAQ ENTG) traded down $0.85 during midday trading on Wednesday, reaching $32.80. 1,130,000 shares of the company traded hands, compared to its average volume of 1,040,000. Entegris Inc has a fifty-two week low of $20.85 and a fifty-two week high of $35.35. The firm has a market capitalization of $4,640.00, a price-to-earnings ratio of 55.59, a P/E/G ratio of 1.68 and a beta of 1.51. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.63 and a quick ratio of 2.95.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 21st. Investors of record on Wednesday, January 31st will be issued a $0.07 dividend. The ex-dividend date is Tuesday, January 30th. This represents a $0.28 annualized dividend and a yield of 0.85%. Entegris’s dividend payout ratio is currently 23.73%.
Several analysts have recently commented on the stock. Needham & Company LLC reissued a “buy” rating and set a $37.00 price target (up from $35.00) on shares of Entegris in a research note on Wednesday, February 7th. ValuEngine raised shares of Entegris from a “hold” rating to a “buy” rating in a research note on Thursday, February 8th. Dougherty & Co increased their price objective on shares of Entegris from $36.00 to $37.50 and gave the company a “buy” rating in a report on Wednesday, February 7th. Zacks Investment Research upgraded shares of Entegris from a “sell” rating to a “hold” rating and set a $34.00 price objective on the stock in a report on Thursday, February 8th. Finally, Citigroup upgraded shares of Entegris from a “neutral” rating to a “buy” rating and set a $34.00 price objective on the stock in a report on Thursday, February 15th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Entegris has a consensus rating of “Buy” and a consensus target price of $32.77.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp lifted its holdings in Entegris by 5.7% in the second quarter. State Street Corp now owns 2,842,071 shares of the semiconductor company’s stock valued at $62,383,000 after buying an additional 152,890 shares during the period. Victory Capital Management Inc. raised its holdings in Entegris by 9.3% in the third quarter. Victory Capital Management Inc. now owns 2,478,586 shares of the semiconductor company’s stock worth $71,507,000 after purchasing an additional 211,759 shares during the period. Deutsche Bank AG raised its holdings in Entegris by 118.7% in the fourth quarter. Deutsche Bank AG now owns 1,806,333 shares of the semiconductor company’s stock worth $55,000,000 after purchasing an additional 980,282 shares during the period. Renaissance Technologies LLC raised its holdings in Entegris by 2.4% in the fourth quarter. Renaissance Technologies LLC now owns 1,759,455 shares of the semiconductor company’s stock worth $53,575,000 after purchasing an additional 41,365 shares during the period. Finally, Carillon Tower Advisers Inc. acquired a new stake in Entegris in the fourth quarter worth $51,256,000. Institutional investors and hedge funds own 95.59% of the company’s stock.
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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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