Entegris, Inc. (NASDAQ:ENTG) SVP Sells $1,352,751.84 in Stock

Entegris, Inc. (NASDAQ:ENTG) SVP Clinton M. Haris sold 12,652 shares of Entegris stock in a transaction on Monday, February 10th. The shares were 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 owns 34,820 shares in the company, valued at $3,722,954.40. This represents a 26.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Entegris Stock Performance

ENTG opened at $107.12 on Friday. Entegris, Inc. has a 52-week low of $94.92 and a 52-week high of $147.57. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.83 and a current ratio of 2.92. The company has a market cap of $16.17 billion, a PE ratio of 55.50, a price-to-earnings-growth ratio of 1.49 and a beta of 1.24. The stock has a 50-day moving average of $103.20 and a 200-day moving average of $106.47.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.07. Entegris had a return on equity of 13.00% and a net margin of 9.03%. As a group, equities research analysts forecast that Entegris, Inc. will post 3.63 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, January 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.37%. Entegris’s dividend payout ratio is presently 20.73%.

Analyst Upgrades and Downgrades

ENTG has been the topic of a number of recent research reports. KeyCorp lowered their target price on Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a research note on Friday, February 7th. Needham & Company LLC restated a “buy” rating and issued a $120.00 target price on shares of Entegris in a research note on Friday, February 7th. Mizuho lowered their target price on Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. UBS Group lowered their target price on Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Finally, Craig Hallum lowered their target price on Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $130.60.

Hedge Funds Weigh In On Entegris

Several large investors have recently made changes to their positions in ENTG. Mountaineer Partners Management LLC lifted its position in shares of Entegris by 16,255.1% during the 3rd quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company’s stock worth $1,242,848,000 after purchasing an additional 10,977,064 shares during the last quarter. Norges Bank acquired a new position in Entegris in the 4th quarter valued at approximately $445,988,000. Price T Rowe Associates Inc. MD raised its holdings in Entegris by 33.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,194,612 shares of the semiconductor company’s stock valued at $1,108,940,000 after acquiring an additional 2,826,463 shares in the last quarter. D1 Capital Partners L.P. raised its holdings in Entegris by 329.4% in 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 in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Entegris in the 4th quarter valued at approximately $91,869,000.

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).