Entegris (NASDAQ:ENTG) Shares Gap Up – Time to Buy?

Shares of Entegris, Inc. (NASDAQ:ENTG) gapped up prior to trading on Friday . The stock had previously closed at $97.48, but opened at $103.83. Entegris shares last traded at $101.45, with a volume of 312,446 shares trading hands.

Analyst Upgrades and Downgrades

ENTG has been the topic of several recent research reports. BMO Capital Markets reduced their target price on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. Mizuho reduced their price objective on Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Citigroup lowered their target price on Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. UBS Group dropped their target price on Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Finally, Needham & Company LLC restated a “buy” rating and issued a $120.00 price target on shares of Entegris in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Entegris currently has an average rating of “Moderate Buy” and a consensus price target of $128.78.

Entegris Trading Up 3.8 %

The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08. The business has a 50 day simple moving average of $102.85 and a two-hundred day simple moving average of $106.29. The stock has a market cap of $15.30 billion, a price-to-earnings ratio of 52.45, a price-to-earnings-growth ratio of 1.50 and a beta of 1.24.

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

Entegris Dividend Announcement

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

Insider Buying and Selling

In other news, SVP Olivier Blachier sold 984 shares of Entegris stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $108.00, for a total transaction of $106,272.00. Following the sale, the senior vice president now owns 10,903 shares of the company’s stock, valued at approximately $1,177,524. The trade was a 8.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Clinton M. Haris sold 12,652 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $106.92, for a total value of $1,352,751.84. Following the completion of the transaction, the senior vice president now directly owns 34,820 shares of the company’s stock, valued at $3,722,954.40. This trade represents a 26.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is owned by company insiders.

Institutional Investors Weigh In On Entegris

A number of hedge funds and other institutional investors have recently modified their holdings of ENTG. Mountaineer Partners Management LLC increased its stake in Entegris by 16,255.1% during the 3rd quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company’s stock valued at $1,242,848,000 after buying an additional 10,977,064 shares during the period. Norges Bank bought a new position in shares of Entegris in the fourth quarter valued at approximately $445,988,000. Price T Rowe Associates Inc. MD increased its stake in shares of Entegris by 33.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,194,612 shares of the semiconductor company’s stock valued at $1,108,940,000 after acquiring an additional 2,826,463 shares during the period. D1 Capital Partners L.P. raised its holdings in Entegris by 329.4% during the fourth quarter. D1 Capital Partners L.P. now owns 2,752,902 shares of the semiconductor company’s stock worth $272,702,000 after purchasing an additional 2,111,801 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in Entegris by 434.1% in the fourth quarter. Deutsche Bank AG now owns 1,470,162 shares of the semiconductor company’s stock worth $145,634,000 after purchasing an additional 1,194,903 shares during the period.

About Entegris

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).