Entegris (NASDAQ:ENTG) Sees Large Volume Increase – Time to Buy?

Entegris, Inc. (NASDAQ:ENTG) shares saw unusually-strong trading volume on Monday . Approximately 2,716,367 shares were traded during mid-day trading, an increase of 41% from the previous session’s volume of 1,925,132 shares.The stock last traded at $99.56 and had previously closed at $96.35.

Wall Street Analyst Weigh In

ENTG has been the subject of several recent analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $120.00 price objective on shares of Entegris in a research note on Friday, February 7th. Mizuho dropped their target price on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. StockNews.com upgraded shares of Entegris from a “sell” rating to a “hold” rating in a research report on Thursday, March 13th. Finally, KeyCorp cut their target price on shares of Entegris from $150.00 to $141.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $124.88.

Entegris Stock Performance

The firm has a fifty day simple moving average of $102.24 and a 200-day simple moving average of $104.67. The stock has a market cap of $14.98 billion, a price-to-earnings ratio of 51.29, a P/E/G ratio of 1.50 and a beta of 1.32. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08.

Entegris (NASDAQ:ENTG) last announced 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 12.83% and a net margin of 9.03%. Analysts forecast that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders 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 yield of 0.40%. Entegris’s payout ratio is presently 20.73%.

Insider Buying and Selling at Entegris

In other news, SVP Olivier Blachier sold 984 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $108.00, for a total transaction of $106,272.00. Following the completion of the transaction, the senior vice president now directly owns 10,903 shares in the company, valued at approximately $1,177,524. The trade was a 8.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Clinton M. Haris sold 12,652 shares of Entegris stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the transaction, the senior vice president now directly owns 34,820 shares in the company, 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.

Institutional Investors Weigh In On Entegris

Several hedge funds have recently bought and sold shares of ENTG. Mountaineer Partners Management LLC increased its position in shares of Entegris by 16,255.1% in the 3rd quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company’s stock valued at $1,242,848,000 after buying an additional 10,977,064 shares in the last quarter. Norges Bank acquired a new position in Entegris in the fourth quarter valued at about $445,988,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Entegris by 33.8% in the fourth 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. raised its position in shares of Entegris by 329.4% during the fourth quarter. D1 Capital Partners L.P. now owns 2,752,902 shares of the semiconductor company’s stock worth $272,702,000 after purchasing an additional 2,111,801 shares during the period. Finally, Deutsche Bank AG lifted its holdings in shares of Entegris by 434.1% during the 4th quarter. Deutsche Bank AG now owns 1,470,162 shares of the semiconductor company’s stock valued at $145,634,000 after purchasing an additional 1,194,903 shares in the last quarter.

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).