Insider Selling: Entegris, Inc. (NASDAQ:ENTG) SVP Sells 984 Shares of Stock

Entegris, Inc. (NASDAQ:ENTG) SVP Olivier Blachier sold 984 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.00, for a total value of $106,272.00. Following the completion of the sale, the senior vice president now directly owns 10,903 shares in the company, valued at $1,177,524. This represents a 8.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Entegris Stock Performance

NASDAQ ENTG traded down $1.79 during trading hours on Monday, hitting $102.30. The company had a trading volume of 2,449,862 shares, compared to its average volume of 2,305,881. The business has a 50 day moving average of $103.09 and a 200-day moving average of $106.42. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08. Entegris, Inc. has a 1-year low of $94.92 and a 1-year high of $147.57. The company has a market cap of $15.46 billion, a PE ratio of 53.01, a price-to-earnings-growth ratio of 1.50 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.07. Entegris had a return on equity of 12.83% and a net margin of 9.03%. As a group, equities research analysts expect that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were issued a $0.10 dividend. The ex-dividend date was Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.39%. Entegris’s payout ratio is 20.73%.

Institutional Trading of Entegris

A number of large investors have recently bought and sold shares of the business. Synovus Financial Corp raised its holdings in shares of Entegris by 102.3% in the third quarter. Synovus Financial Corp now owns 38,253 shares of the semiconductor company’s stock valued at $4,305,000 after buying an additional 19,340 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Entegris by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,065,812 shares of the semiconductor company’s stock valued at $119,936,000 after acquiring an additional 14,650 shares during the period. Argent Capital Management LLC raised its stake in Entegris by 9.9% during the 4th quarter. Argent Capital Management LLC now owns 31,066 shares of the semiconductor company’s stock valued at $3,077,000 after acquiring an additional 2,793 shares during the last quarter. Swedbank AB lifted its position in Entegris by 47.7% during the 4th quarter. Swedbank AB now owns 1,550,942 shares of the semiconductor company’s stock worth $153,636,000 after acquiring an additional 500,581 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Entegris in the 3rd quarter valued at approximately $1,158,000.

Analysts Set New Price Targets

ENTG has been the topic of several analyst reports. Craig Hallum reduced their target price on shares of Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Citigroup reduced their price objective on shares of Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Mizuho lowered their target price on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft cut their price target on Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 price target on shares of Entegris in a report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Entegris currently has an average rating of “Moderate Buy” and a consensus target price of $128.78.

Entegris Company Profile

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).