Entegris (NASDAQ:ENTG) Sees Unusually-High Trading Volume – Still a Buy?

Entegris, Inc. (NASDAQ:ENTG) saw an uptick in trading volume on Monday . 2,716,367 shares traded hands during trading, an increase of 41% from the previous session’s volume of 1,925,132 shares.The stock last traded at $99.56 and had previously closed at $96.35.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ENTG shares. Needham & Company LLC restated a “buy” rating and set a $120.00 price target on shares of Entegris in a report on Friday, February 7th. Mizuho lowered their target price on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. KeyCorp cut their target price on shares of Entegris from $150.00 to $141.00 and set an “overweight” rating for the company in a research report on Friday, February 7th. Finally, StockNews.com downgraded Entegris from a “hold” rating to a “sell” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $124.88.

Entegris Price Performance

The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 1.08. The company’s 50-day moving average is $102.13 and its 200-day moving average is $104.50. The stock has a market cap of $14.16 billion, a price-to-earnings ratio of 48.63, a price-to-earnings-growth ratio of 1.50 and a beta of 1.32.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share 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%. Equities research analysts expect that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.43%. The ex-dividend date was Wednesday, January 29th. Entegris’s payout ratio is 20.73%.

Insider Transactions at Entegris

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Quarry LP acquired a new stake in Entegris in the fourth quarter worth about $28,000. Neo Ivy Capital Management bought a new stake in Entegris during the 4th quarter worth approximately $34,000. Fortitude Family Office LLC lifted its holdings in shares of Entegris by 195.7% in the fourth quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 274 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Entegris during the fourth quarter worth about $42,000. Finally, Parvin Asset Management LLC acquired a new stake in Entegris in the 4th quarter valued at approximately $69,000.

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).