Entegris (NASDAQ:ENTG) Hits New 1-Year Low – Time to Sell?

Shares of Entegris, Inc. (NASDAQ:ENTG) hit a new 52-week low on Tuesday . The company traded as low as $83.98 and last traded at $86.46, with a volume of 401405 shares trading hands. The stock had previously closed at $87.48.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. StockNews.com lowered shares of Entegris from a “hold” rating to a “sell” rating in a research note on Monday, March 24th. Mizuho reduced their price objective on Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 price objective on shares of Entegris in a research note on Friday, February 7th. Finally, KeyCorp lowered their target price on shares of Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock 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 seven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $124.88.

Entegris Stock Down 0.4 %

The firm has a market capitalization of $12.99 billion, a P/E ratio of 44.47, a P/E/G ratio of 1.50 and a beta of 1.36. The stock has a fifty day moving average price of $100.13 and a two-hundred day moving average price of $103.70. 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 (NASDAQ:ENTG) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.77 by $0.07. Entegris had a net margin of 9.03% and a return on equity of 12.83%. Research analysts forecast that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders 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 annualized dividend and a dividend yield of 0.47%. Entegris’s dividend payout ratio is currently 20.73%.

Insider Buying and Selling at Entegris

In other news, SVP Olivier Blachier sold 984 shares of the business’s 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 directly owns 10,903 shares in the company, 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 document filed with the SEC, which is accessible through the SEC website. Also, SVP Clinton M. Haris sold 12,652 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the completion of the sale, 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 disclosure for this sale can be found here. Company insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On Entegris

Several hedge funds have recently added to or reduced their stakes in ENTG. Quarry LP acquired a new position in shares of Entegris in the 4th quarter valued at approximately $28,000. Neo Ivy Capital Management acquired a new position in Entegris during the fourth quarter valued at approximately $34,000. Fortitude Family Office LLC grew its stake 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 buying an additional 274 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Entegris during the 4th quarter worth about $42,000. Finally, Parvin Asset Management LLC bought a new stake in Entegris in the fourth 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).