Entegris Target of Unusually Large Options Trading (NASDAQ:ENTG)

Entegris, Inc. (NASDAQ:ENTG) saw unusually large options trading on Thursday. Investors purchased 6,298 put options on the company. This represents an increase of approximately 471% compared to the average volume of 1,103 put options.

Entegris Price Performance

Shares of ENTG traded down $6.39 during trading hours on Thursday, hitting $111.90. 1,521,198 shares of the company were exchanged, compared to its average volume of 1,448,137. The company has a market cap of $16.87 billion, a price-to-earnings ratio of 56.87, a P/E/G ratio of 1.40 and a beta of 1.25. Entegris has a fifty-two week low of $84.13 and a fifty-two week high of $147.57. The company has a quick ratio of 2.02, a current ratio of 3.35 and a debt-to-equity ratio of 1.22. The firm’s fifty day moving average is $133.36 and its 200 day moving average is $131.88.

Entegris (NASDAQ:ENTG) last released its earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.01. The company had revenue of $812.60 million for the quarter, compared to analyst estimates of $802.43 million. Entegris had a return on equity of 11.94% and a net margin of 9.31%. Entegris’s quarterly revenue was down 9.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.66 EPS. On average, equities analysts anticipate that Entegris will post 3.25 earnings per share for the current fiscal year.

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 21st. Stockholders of record on Wednesday, July 31st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.36%. The ex-dividend date of this dividend is Wednesday, July 31st. Entegris’s dividend payout ratio (DPR) is currently 19.23%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ENTG. Needham & Company LLC reissued a “buy” rating and set a $150.00 target price on shares of Entegris in a report on Thursday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $160.00 price objective on shares of Entegris in a report on Wednesday, June 26th. Finally, Mizuho raised Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price objective on the stock in a report on Thursday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Entegris currently has an average rating of “Moderate Buy” and a consensus price target of $149.80.

Insider Transactions at Entegris

In other news, SVP Olivier Blachier sold 1,986 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $133.84, for a total transaction of $265,806.24. Following the sale, the senior vice president now owns 12,356 shares in the company, valued at approximately $1,653,727.04. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, SVP James Anthony O’neill sold 6,761 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $133.50, for a total transaction of $902,593.50. Following the transaction, the senior vice president now directly owns 13,652 shares of the company’s stock, valued at approximately $1,822,542. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Olivier Blachier sold 1,986 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $133.84, for a total value of $265,806.24. Following the transaction, the senior vice president now directly owns 12,356 shares in the company, valued at $1,653,727.04. The disclosure for this sale can be found here. Insiders have sold a total of 70,796 shares of company stock worth $9,870,921 in the last 90 days. Corporate insiders own 0.67% of the company’s stock.

Institutional Trading of Entegris

Several large investors have recently modified their holdings of ENTG. Vanguard Group Inc. lifted its position in shares of Entegris by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 14,666,653 shares of the semiconductor company’s stock worth $2,061,251,000 after buying an additional 112,638 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Entegris by 7.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,085,147 shares of the semiconductor company’s stock worth $1,838,988,000 after buying an additional 916,420 shares during the last quarter. WCM Investment Management LLC lifted its position in shares of Entegris by 0.4% during the 4th quarter. WCM Investment Management LLC now owns 5,173,163 shares of the semiconductor company’s stock worth $628,177,000 after buying an additional 22,249 shares during the last quarter. Norges Bank bought a new stake in shares of Entegris during the 4th quarter worth $278,727,000. Finally, Earnest Partners LLC lifted its position in shares of Entegris by 7.0% during the 1st quarter. Earnest Partners LLC now owns 1,847,065 shares of the semiconductor company’s stock worth $259,587,000 after buying an additional 120,507 shares during 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).