Joseph Colella Sells 1,600 Shares of Entegris, Inc. (NASDAQ:ENTG) Stock


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Entegris, Inc. (NASDAQ:ENTG) SVP Joseph Colella sold 1,600 shares of the stock in a transaction on Monday, April 5th. The stock was sold at an average price of $123.69, for a total transaction of $197,904.00. Following the sale, the senior vice president now directly owns 25,699 shares in the company, valued at $3,178,709.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of ENTG opened at $118.63 on Thursday. The firm has a 50-day moving average price of $106.10 and a 200 day moving average price of $94.40. The firm has a market capitalization of $16.04 billion, a PE ratio of 60.84 and a beta of 1.33. The company has a quick ratio of 3.30, a current ratio of 4.63 and a debt-to-equity ratio of 0.83. Entegris, Inc. has a 52-week low of $46.93 and a 52-week high of $126.41.

Entegris (NASDAQ:ENTG) last announced its earnings results on Monday, February 1st. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.05. The firm had revenue of $518.00 million during the quarter, compared to analyst estimates of $489.38 million. Entegris had a net margin of 15.03% and a return on equity of 26.54%. Entegris’s revenue was up 21.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.55 EPS. On average, equities analysts expect that Entegris, Inc. will post 2.48 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 17th. Investors of record on Wednesday, January 27th were given a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, January 26th. This represents a $0.32 dividend on an annualized basis and a yield of 0.27%. Entegris’s dividend payout ratio is presently 16.58%.

A number of institutional investors and hedge funds have recently made changes to their positions in ENTG. First Trust Advisors LP grew its position in Entegris by 270.9% in the 1st quarter. First Trust Advisors LP now owns 150,164 shares of the semiconductor company’s stock valued at $5,359,000 after buying an additional 109,678 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Entegris during the 3rd quarter valued at about $126,000. Point72 Hong Kong Ltd bought a new position in shares of Entegris during the 3rd quarter valued at about $559,000. Captrust Financial Advisors boosted its position in shares of Entegris by 48.1% during the 3rd quarter. Captrust Financial Advisors now owns 10,332 shares of the semiconductor company’s stock valued at $792,000 after purchasing an additional 3,357 shares in the last quarter. Finally, California State Teachers Retirement System boosted its position in shares of Entegris by 2.5% during the 3rd quarter. California State Teachers Retirement System now owns 236,075 shares of the semiconductor company’s stock valued at $17,550,000 after purchasing an additional 5,758 shares in the last quarter. Hedge funds and other institutional investors own 98.40% of the company’s stock.

ENTG has been the topic of a number of research reports. Citigroup increased their target price on shares of Entegris from $92.00 to $135.00 in a report on Monday, January 25th. Zacks Investment Research raised shares of Entegris from a “hold” rating to a “buy” rating and set a $125.00 price objective on the stock in a report on Thursday, April 1st. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $116.00 price objective (up previously from $102.00) on shares of Entegris in a report on Monday, January 18th. Finally, Craig Hallum increased their price objective on shares of Entegris from $66.00 to $100.00 and gave the stock a “hold” rating in a report on Wednesday, February 3rd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Entegris has an average rating of “Buy” and a consensus target price of $103.20.

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 in North America, Taiwan, South Korea, Japan, China, Europe, and Southeast Asia.

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