Entegris, Inc. (NASDAQ:ENTG) Sees Large Increase in Short Interest

Entegris, Inc. (NASDAQ:ENTG) was the recipient of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 7,950,000 shares, an increase of 20.3% from the January 31st total of 6,610,000 shares. Based on an average daily trading volume, of 2,140,000 shares, the short-interest ratio is currently 3.7 days.

Insider Activity at Entegris

In related news, SVP Olivier Blachier sold 984 shares of the company’s 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Clinton M. Haris sold 12,652 shares of the business’s stock in a transaction 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 transaction, the senior vice president now directly owns 34,820 shares of the company’s stock, valued at $3,722,954.40. The trade was 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 insiders.

Institutional Investors Weigh In On Entegris

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in Entegris by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 15,202,146 shares of the semiconductor company’s stock worth $1,505,925,000 after acquiring an additional 169,180 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Entegris by 33.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,194,612 shares of the semiconductor company’s stock worth $1,108,940,000 after purchasing an additional 2,826,463 shares in the last quarter. Mountaineer Partners Management LLC raised its position in shares of 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 worth $1,242,848,000 after purchasing an additional 10,977,064 shares during the last quarter. Norges Bank acquired a new position in shares of Entegris during the 4th quarter worth approximately $445,988,000. Finally, D1 Capital Partners L.P. lifted its stake in Entegris by 329.4% in the 4th quarter. D1 Capital Partners L.P. now owns 2,752,902 shares of the semiconductor company’s stock valued at $272,702,000 after buying an additional 2,111,801 shares in the last quarter.

Entegris Trading Down 2.1 %

Shares of Entegris stock opened at $100.27 on Friday. The company has a 50-day moving average of $102.68 and a two-hundred day moving average of $105.99. Entegris has a 12-month low of $94.92 and a 12-month high of $147.57. 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 stock has a market cap of $15.15 billion, a PE ratio of 51.95, a price-to-earnings-growth ratio of 1.50 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.07. Entegris had a return on equity of 12.83% and a net margin of 9.03%. On average, research analysts anticipate that Entegris will post 3.51 EPS for the current fiscal year.

Entegris Dividend Announcement

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

Analyst Ratings Changes

ENTG has been the topic of a number of analyst reports. KeyCorp lowered their price objective on shares of Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a research report 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 note on Tuesday, January 7th. StockNews.com downgraded shares of Entegris from a “hold” rating to a “sell” rating in a research report on Thursday, February 27th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $120.00 target price on shares of Entegris in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Entegris currently has an average rating of “Moderate Buy” and a consensus target price of $124.88.

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).