Entegris (NASDAQ:ENTG) Sees Strong Trading Volume – Here’s What Happened

Entegris, Inc. (NASDAQ:ENTG) saw unusually-high trading volume on Monday . Approximately 2,716,367 shares traded hands during mid-day 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.

Analyst Ratings Changes

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

Entegris Trading Down 0.7 %

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’s 50-day simple moving average is $102.13 and its two-hundred day simple moving average is $104.50. The company has a market capitalization of $14.16 billion, a PE ratio of 48.63, a PEG ratio of 1.50 and a beta of 1.32.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 EPS for the quarter, topping 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, analysts predict that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Dividend Announcement

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

Insider Buying and Selling at Entegris

In other Entegris news, SVP Olivier Blachier sold 984 shares of the company’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 value of $106,272.00. Following the completion of the sale, the senior vice president now directly owns 10,903 shares in the company, 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 SEC, which is available at 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 completion of the sale, the senior vice president now directly 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. 0.67% of the stock is owned by company insiders.

Institutional Investors Weigh In On Entegris

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Synovus Financial Corp lifted its stake in Entegris by 102.3% during the third quarter. Synovus Financial Corp now owns 38,253 shares of the semiconductor company’s stock valued at $4,305,000 after purchasing an additional 19,340 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Entegris by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,065,812 shares of the semiconductor company’s stock valued at $119,936,000 after purchasing an additional 14,650 shares during the last quarter. Swedbank AB increased its stake 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 in the last quarter. Argent Capital Management LLC lifted its stake in Entegris by 9.9% during the fourth quarter. Argent Capital Management LLC now owns 31,066 shares of the semiconductor company’s stock valued at $3,077,000 after buying an additional 2,793 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Entegris by 14.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,060,378 shares of the semiconductor company’s stock worth $105,041,000 after buying an additional 137,046 shares during the period.

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).