Entegris, Inc. (NASDAQ:ENTG) Short Interest Down 6.1% in February

Entegris, Inc. (NASDAQ:ENTGGet Free Report) saw a large decline in short interest during the month of February. As of February 29th, there was short interest totalling 4,780,000 shares, a decline of 6.1% from the February 14th total of 5,090,000 shares. Based on an average daily trading volume, of 1,420,000 shares, the days-to-cover ratio is presently 3.4 days.

Insider Buying and Selling

In other news, CAO Michael Sauer sold 1,897 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total transaction of $251,428.38. Following the transaction, the chief accounting officer now directly owns 1,779 shares of the company’s stock, valued at $235,788.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, SVP Michael Besnard sold 12,667 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $135.78, for a total value of $1,719,925.26. Following the transaction, the senior vice president now owns 10,213 shares of the company’s stock, valued at $1,386,721.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Michael Sauer sold 1,897 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total transaction of $251,428.38. Following the completion of the transaction, the chief accounting officer now directly owns 1,779 shares in the company, valued at approximately $235,788.66. The disclosure for this sale can be found here. Insiders sold 43,939 shares of company stock worth $5,951,089 in the last quarter. 0.81% of the stock is owned by insiders.

Institutional Investors Weigh In On Entegris

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Trust Co. of Vermont acquired a new position in Entegris during the fourth quarter valued at $31,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Entegris during the fourth quarter valued at $35,000. Legacy Financial Group LLC acquired a new position in Entegris during the third quarter valued at $30,000. Quent Capital LLC raised its position in Entegris by 59.1% during the fourth quarter. Quent Capital LLC now owns 366 shares of the semiconductor company’s stock valued at $44,000 after buying an additional 136 shares during the period. Finally, Arlington Trust Co LLC acquired a new position in Entegris during the fourth quarter valued at $46,000.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. StockNews.com cut shares of Entegris from a “hold” rating to a “sell” rating in a research report on Thursday, February 22nd. KeyCorp increased their price objective on shares of Entegris from $136.00 to $164.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. Citigroup increased their price objective on shares of Entegris from $117.00 to $134.00 and gave the company a “neutral” rating in a research report on Friday, February 16th. Craig Hallum upgraded shares of Entegris from a “hold” rating to a “buy” rating and set a $150.00 price objective for the company in a research note on Thursday, February 15th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $150.00 target price on shares of Entegris in a report on Thursday, March 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Entegris presently has an average rating of “Moderate Buy” and a consensus price target of $141.64.

Read Our Latest Stock Analysis on Entegris

Entegris Stock Down 1.2 %

Shares of NASDAQ:ENTG opened at $133.48 on Wednesday. The stock’s 50-day moving average price is $127.82 and its two-hundred day moving average price is $110.38. The company has a current ratio of 3.85, a quick ratio of 2.67 and a debt-to-equity ratio of 1.35. Entegris has a 12-month low of $69.37 and a 12-month high of $146.91. The firm has a market cap of $20.08 billion, a price-to-earnings ratio of 112.17 and a beta of 1.32.

Entegris (NASDAQ:ENTGGet Free Report) last posted its quarterly earnings data on Tuesday, February 13th. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.06. Entegris had a return on equity of 12.00% and a net margin of 5.13%. The company had revenue of $812.30 million for the quarter, compared to the consensus estimate of $780.95 million. During the same period in the previous year, the business earned $0.83 EPS. Entegris’s revenue for the quarter was down 14.1% compared to the same quarter last year. On average, research analysts forecast that Entegris will post 3.31 EPS for the current year.

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 21st. Stockholders of record on Wednesday, January 31st were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.30%. Entegris’s dividend payout ratio (DPR) is 33.61%.

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).

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