Entegris Inc (NASDAQ:ENTG) SVP Clinton M. Haris sold 14,480 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $48.27, for a total value of $698,949.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of Entegris stock traded up $0.12 during trading hours on Friday, hitting $47.75. 561,100 shares of the company’s stock traded hands, compared to its average volume of 1,471,998. The stock has a 50 day simple moving average of $47.63 and a 200-day simple moving average of $41.58. The company has a quick ratio of 2.79, a current ratio of 4.15 and a debt-to-equity ratio of 0.83. The company has a market cap of $6.54 billion, a PE ratio of 25.26 and a beta of 1.33. Entegris Inc has a twelve month low of $24.43 and a twelve month high of $50.15.
Entegris (NASDAQ:ENTG) last announced its earnings results on Thursday, October 24th. The semiconductor company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.05. The company had revenue of $394.10 million during the quarter, compared to the consensus estimate of $392.09 million. Entegris had a return on equity of 24.16% and a net margin of 17.77%. The company’s revenue was down 1.1% on a year-over-year basis. During the same period last year, the firm earned $0.46 earnings per share. As a group, equities research analysts predict that Entegris Inc will post 1.93 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th will be issued a $0.08 dividend. The ex-dividend date is Tuesday, October 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.67%. Entegris’s dividend payout ratio is currently 16.93%.
A number of equities research analysts have commented on ENTG shares. Citigroup set a $50.00 target price on Entegris and gave the company a “hold” rating in a report on Friday, October 25th. Deutsche Bank cut Entegris from a “buy” rating to a “hold” rating in a report on Sunday, October 6th. They noted that the move was a valuation call. BidaskClub upgraded Entegris from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Craig Hallum increased their target price on Entegris from $48.00 to $56.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Loop Capital increased their target price on Entegris to $51.00 and gave the company a “market perform” rating in a report on Friday, October 4th. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Entegris currently has an average rating of “Buy” and an average target price of $48.13.
A number of hedge funds and other institutional investors have recently modified their holdings of ENTG. First Trust Advisors LP lifted its holdings in Entegris by 270.9% in the first quarter. First Trust Advisors LP now owns 150,164 shares of the semiconductor company’s stock worth $5,359,000 after acquiring an additional 109,678 shares during the last quarter. WINTON GROUP Ltd bought a new position in Entegris in the second quarter worth about $222,000. Scout Investments Inc. lifted its holdings in Entegris by 65.8% in the second quarter. Scout Investments Inc. now owns 188,027 shares of the semiconductor company’s stock worth $7,017,000 after acquiring an additional 74,621 shares during the last quarter. First Hawaiian Bank bought a new position in Entegris in the second quarter worth about $370,000. Finally, Integrated Investment Consultants LLC bought a new position in Entegris in the second quarter worth about $202,000.
Entegris, Inc develops, manufactures, and supplies micro contamination control products, specialty chemicals, and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries worldwide. It operates through three segments: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); and Advanced Materials Handling (AMH).
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