Insider Selling: Entegris, Inc. (NASDAQ:ENTG) SVP Sells 12,652 Shares of Stock

Entegris, Inc. (NASDAQ:ENTG) SVP Clinton M. Haris sold 12,652 shares of the company’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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Entegris Stock Performance

NASDAQ ENTG traded up $1.56 on Wednesday, hitting $107.30. 1,004,838 shares of the stock traded hands, compared to its average volume of 2,362,070. 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 business’s fifty day moving average is $103.26 and its two-hundred day moving average is $106.59. Entegris, Inc. has a 12 month low of $94.92 and a 12 month high of $147.57. The firm has a market capitalization of $16.20 billion, a price-to-earnings ratio of 55.62, a PEG ratio of 1.49 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts anticipate that Entegris, Inc. will post 3.63 EPS for the current fiscal year.

Entegris Dividend Announcement

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

Hedge Funds Weigh In On Entegris

A number of large investors have recently made changes to their positions in the stock. AQR Capital Management LLC increased its holdings in Entegris by 19.3% during the 2nd quarter. AQR Capital Management LLC now owns 2,999 shares of the semiconductor company’s stock worth $406,000 after acquiring an additional 486 shares during the period. CWM LLC grew its position in shares of Entegris by 18.0% during the 3rd quarter. CWM LLC now owns 2,960 shares of the semiconductor company’s stock valued at $333,000 after purchasing an additional 452 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of Entegris by 276.8% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,089 shares of the semiconductor company’s stock worth $123,000 after purchasing an additional 800 shares during the period. Creative Planning raised its position in shares of Entegris by 17.9% in the third quarter. Creative Planning now owns 14,212 shares of the semiconductor company’s stock worth $1,599,000 after buying an additional 2,153 shares in the last quarter. Finally, Swedbank AB boosted its stake in Entegris by 249.7% during the third quarter. Swedbank AB now owns 1,050,361 shares of the semiconductor company’s stock valued at $118,197,000 after buying an additional 750,000 shares during the period.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ENTG shares. Deutsche Bank Aktiengesellschaft decreased their price target on Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. BMO Capital Markets cut their price target on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. KeyCorp reduced their price objective on shares of Entegris from $150.00 to $141.00 and set an “overweight” rating for the company in a research report on Friday, February 7th. Citigroup dropped their target price on shares of Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Finally, UBS Group reduced their target price on Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $130.60.

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).