Entegris, Inc. (NASDAQ:ENTG) Short Interest Update

Entegris, Inc. (NASDAQ:ENTG) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 12,290,000 shares, a growth of 55.6% from the February 28th total of 7,900,000 shares. Based on an average daily trading volume, of 2,860,000 shares, the days-to-cover ratio is presently 4.3 days. Approximately 8.2% of the shares of the company are short sold.

Analysts Set New Price Targets

ENTG has been the subject of a number of research analyst reports. Needham & Company LLC restated a “buy” rating and issued a $120.00 target price on shares of Entegris in a research report on Friday, February 7th. KeyCorp decreased their target price on Entegris from $150.00 to $141.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. Mizuho dropped their price target on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Finally, StockNews.com cut shares of Entegris from a “hold” rating to a “sell” rating in a research note on Monday, March 24th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Entegris presently has an average rating of “Moderate Buy” and an average price target of $124.88.

Insider Buying and Selling

In related news, SVP Clinton M. Haris sold 12,652 shares of the stock in a transaction dated Monday, February 10th. The shares were 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 owns 34,820 shares in the company, valued at $3,722,954.40. This represents a 26.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Olivier Blachier sold 984 shares of the business’s stock in a transaction dated 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 in the company, valued at $1,177,524. This trade represents a 8.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company’s stock.

Institutional Trading of Entegris

Several institutional investors have recently made changes to their positions in ENTG. Synovus Financial Corp boosted its stake in shares of Entegris by 102.3% during the 3rd 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 period. Swedbank AB increased its position in Entegris by 47.7% in the 4th quarter. Swedbank AB now owns 1,550,942 shares of the semiconductor company’s stock worth $153,636,000 after purchasing an additional 500,581 shares during the last quarter. Argent Capital Management LLC raised its stake in shares of Entegris by 9.9% during the 4th quarter. Argent Capital Management LLC now owns 31,066 shares of the semiconductor company’s stock worth $3,077,000 after purchasing an additional 2,793 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Entegris by 14.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,060,378 shares of the semiconductor company’s stock valued at $105,041,000 after buying an additional 137,046 shares in the last quarter. Finally, Callan Family Office LLC bought a new stake in shares of Entegris in the 4th quarter valued at approximately $308,000.

Entegris Stock Performance

Shares of ENTG opened at $88.74 on Friday. The company has a 50-day moving average of $101.34 and a two-hundred day moving average of $104.19. Entegris has a one year low of $87.72 and a one year high of $147.57. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.08 and a quick ratio of 1.86. The stock has a market cap of $13.43 billion, a price-to-earnings ratio of 45.98, a PEG ratio of 1.50 and a beta of 1.32.

Entegris (NASDAQ:ENTG) last released 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%. On average, equities research analysts expect that Entegris will post 3.51 earnings per share for the current year.

Entegris Announces Dividend

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 of this dividend was Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.45%. Entegris’s dividend payout ratio is 20.73%.

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).