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

Entegris, Inc. (NASDAQ:ENTG) was the target of a large growth in short interest during the month of 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 currently 4.3 days. Currently, 8.2% of the shares of the stock are short sold.

Analyst Ratings Changes

ENTG has been the topic of a number of recent analyst reports. Mizuho reduced their price target on Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. KeyCorp decreased their price target on Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a research note on Friday, February 7th. StockNews.com cut Entegris from a “hold” rating to a “sell” rating in a report on Monday, March 24th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $120.00 price objective on shares of Entegris in a report on Friday, February 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 company. Based on data from MarketBeat, Entegris presently has a consensus rating of “Moderate Buy” and an average target price of $124.88.

Insider Transactions 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 stock was sold at an average price of $108.00, for a total value of $106,272.00. Following the sale, the senior vice president now owns 10,903 shares of the company’s stock, valued at approximately $1,177,524. This represents a 8.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Clinton M. Haris sold 12,652 shares of the firm’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 position. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On Entegris

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quarry LP bought a new position in Entegris in the fourth quarter worth about $28,000. Neo Ivy Capital Management acquired a new position in Entegris during the 4th quarter valued at approximately $34,000. Fortitude Family Office LLC grew its stake in Entegris by 195.7% during the 4th quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock worth $41,000 after buying an additional 274 shares during the last quarter. Parvin Asset Management LLC acquired a new stake in Entegris in the fourth quarter worth $69,000. Finally, Promus Capital LLC bought a new stake in Entegris in the fourth quarter valued at $71,000.

Entegris Stock Down 4.1 %

ENTG opened at $88.74 on Friday. Entegris has a 1 year low of $87.72 and a 1 year high of $147.57. The firm has a 50 day moving average price of $101.34 and a 200 day moving average price of $104.19. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08. The company has a market cap of $13.43 billion, a PE ratio of 45.98, a price-to-earnings-growth ratio of 1.50 and a beta of 1.32.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (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%. Sell-side analysts expect that Entegris will post 3.51 earnings per share for the current year.

Entegris Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were paid 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 (DPR) is currently 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).