Entegris (NASDAQ:ENTG) Reaches New 12-Month Low – What’s Next?

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

Analyst Upgrades and Downgrades

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

Entegris Stock Down 0.4 %

The company’s 50-day simple moving average is $100.13 and its two-hundred day simple moving average is $103.70. The firm has a market cap of $12.99 billion, a PE ratio of 44.47, a PEG ratio of 1.50 and a beta of 1.36. 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 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, analysts predict that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Dividend Announcement

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

Insider Transactions at Entegris

In related news, SVP Clinton M. Haris sold 12,652 shares of the business’s stock in a transaction that occurred 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 owns 34,820 shares in the company, valued at approximately $3,722,954.40. The trade was a 26.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Olivier Blachier sold 984 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.00, for a total transaction of $106,272.00. Following the transaction, the senior vice president now directly owns 10,903 shares in the company, valued at $1,177,524. This trade represents a 8.28 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company’s stock.

Institutional Trading of Entegris

Institutional investors have recently made changes to their positions in the business. Quarry LP purchased a new stake in shares of Entegris in the 4th quarter valued at $28,000. Neo Ivy Capital Management purchased a new position in Entegris in the 4th quarter valued at about $34,000. Fortitude Family Office LLC grew its holdings in shares of Entegris by 195.7% during the fourth quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock worth $41,000 after buying an additional 274 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Entegris in the 4th quarter worth approximately $42,000. Finally, Parvin Asset Management LLC purchased a new stake in Entegris in the 4th quarter valued at $69,000.

About Entegris

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).