Insider Selling: Entegris, Inc. (NASDAQ:ENTG) SVP Sells 984 Shares of Stock

Entegris, Inc. (NASDAQ:ENTG) SVP Olivier Blachier sold 984 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $108.00, for a total value of $106,272.00. Following the completion of the transaction, the senior vice president now owns 10,903 shares in the company, valued at $1,177,524. The trade was a 8.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Entegris Trading Down 1.7 %

Shares of Entegris stock traded down $1.79 during trading hours on Monday, hitting $102.30. The company’s stock had a trading volume of 2,449,862 shares, compared to its average volume of 2,305,881. The stock has a market cap of $15.46 billion, a price-to-earnings ratio of 53.01, a P/E/G ratio of 1.50 and a beta of 1.24. 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, Inc. has a twelve month low of $94.92 and a twelve month high of $147.57. The firm has a fifty day moving average of $103.09 and a 200-day moving average of $106.42.

Entegris (NASDAQ:ENTG) last posted its earnings results on Thursday, February 6th. The semiconductor company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.39%. Entegris’s payout ratio is currently 20.73%.

Analyst Ratings Changes

ENTG has been the topic of several research reports. 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. StockNews.com raised shares of Entegris from a “sell” rating to a “hold” rating in a research note on Wednesday, February 19th. Craig Hallum lowered their target price on Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. BMO Capital Markets cut their price target on Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.78.

Institutional Trading of Entegris

Institutional investors have recently added to or reduced their stakes in the stock. Mountaineer Partners Management LLC boosted its position in shares of Entegris by 16,255.1% during the third quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company’s stock worth $1,242,848,000 after buying an additional 10,977,064 shares during the period. Norges Bank purchased a new stake in shares of Entegris in the 4th quarter valued at $445,988,000. Price T Rowe Associates Inc. MD lifted its stake in 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 acquiring an additional 2,826,463 shares in the last quarter. D1 Capital Partners L.P. boosted its holdings in Entegris by 329.4% during 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 acquiring an additional 2,111,801 shares during the period. Finally, Deutsche Bank AG grew its position in Entegris by 434.1% in the 4th quarter. Deutsche Bank AG now owns 1,470,162 shares of the semiconductor company’s stock valued at $145,634,000 after acquiring an additional 1,194,903 shares in the last quarter.

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).