Entegris, Inc. (ENTG) SVP Sells $118,234.00 in Stock
Entegris, Inc. (NASDAQ:ENTG) SVP Stuart Tison sold 3,814 shares of the stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $31.00, for a total transaction of $118,234.00. Following the transaction, the senior vice president now directly owns 81,943 shares of the company’s stock, valued at approximately $2,540,233. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of Entegris, Inc. (NASDAQ:ENTG) traded up $0.30 during trading hours on Monday, hitting $31.60. 1,577,700 shares of the company were exchanged, compared to its average volume of 853,403. The company has a current ratio of 3.14, a quick ratio of 2.43 and a debt-to-equity ratio of 0.40. Entegris, Inc. has a 1 year low of $17.10 and a 1 year high of $33.05. The company has a market cap of $4,480.00, a P/E ratio of 24.88, a price-to-earnings-growth ratio of 2.05 and a beta of 1.56.
Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.06. Entegris had a net margin of 10.73% and a return on equity of 18.82%. The firm had revenue of $345.60 million during the quarter, compared to the consensus estimate of $334.30 million. During the same quarter last year, the firm earned $0.24 EPS. The firm’s revenue for the quarter was up 16.5% compared to the same quarter last year. equities research analysts predict that Entegris, Inc. will post 1.37 earnings per share for the current fiscal year.
The company also recently disclosed a special dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, November 1st will be given a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, October 31st. Entegris’s dividend payout ratio (DPR) is currently 7.22%.
Institutional investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Entegris by 11.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,324 shares of the semiconductor company’s stock worth $117,000 after purchasing an additional 533 shares during the period. Seven Eight Capital LP purchased a new stake in Entegris in the 2nd quarter worth about $149,000. Reliance Trust Co. of Delaware purchased a new stake in Entegris in the 3rd quarter worth about $208,000. Barings LLC purchased a new stake in Entegris in the 3rd quarter worth about $225,000. Finally, Welch & Forbes LLC purchased a new stake in Entegris in the 3rd quarter worth about $236,000. 95.26% of the stock is currently owned by institutional investors.
Several research firms have commented on ENTG. Loop Capital increased their price objective on shares of Entegris from $35.00 to $40.00 and gave the company a “buy” rating in a report on Friday, October 27th. Dougherty & Co increased their price objective on shares of Entegris from $33.00 to $36.00 and gave the company a “buy” rating in a report on Friday, October 27th. Citigroup Inc. increased their price objective on shares of Entegris from $29.00 to $34.00 and gave the company a “neutral” rating in a report on Friday, October 27th. Needham & Company LLC reissued a “buy” rating and set a $35.00 price objective on shares of Entegris in a report on Friday, October 27th. Finally, Zacks Investment Research raised shares of Entegris from a “hold” rating to a “strong-buy” rating and set a $35.00 price objective for the company in a report on Thursday, October 19th. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $32.10.
Entegris Company Profile
Entegris, Inc is a global developer, manufacturer and supplier of microcontamination control products, specialty chemicals and materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries. The Company operates in three business segments: Specialty Chemicals and Engineered Materials (SCEM), Advanced Materials Handling (AMH) and Microcontamination Control (MC).
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