Entegris, Inc. (NASDAQ:ENTG) Short Interest Update

Entegris, Inc. (NASDAQ:ENTG) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 4,590,000 shares, an increase of 9.0% from the May 31st total of 4,210,000 shares. Based on an average daily trading volume, of 1,280,000 shares, the days-to-cover ratio is currently 3.6 days.

Insider Buying and Selling

In other Entegris news, SVP Clinton M. Haris sold 5,005 shares of the stock in a transaction on Friday, May 31st. The shares were sold at an average price of $124.74, for a total transaction of $624,323.70. Following the completion of the sale, the senior vice president now owns 34,600 shares of the company’s stock, valued at approximately $4,316,004. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Entegris news, SVP Clinton M. Haris sold 5,005 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $124.74, for a total transaction of $624,323.70. Following the completion of the transaction, the senior vice president now owns 34,600 shares of the company’s stock, valued at approximately $4,316,004. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Olivier Blachier sold 1,986 shares of Entegris 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 completion of the sale, the senior vice president now 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 13,752 shares of company stock valued at $1,792,723 over the last three months. 0.67% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. ORG Partners LLC bought a new stake in Entegris in the 1st quarter worth about $33,000. Trust Co. of Vermont bought a new stake in shares of Entegris in the fourth quarter worth approximately $31,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Entegris during the fourth quarter valued at approximately $35,000. Quent Capital LLC raised its stake in Entegris by 59.1% during the 4th quarter. Quent Capital LLC now owns 366 shares of the semiconductor company’s stock valued at $44,000 after buying an additional 136 shares during the last quarter. Finally, Arlington Trust Co LLC bought a new position in shares of Entegris during the 4th quarter valued at $46,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $150.00 target price on shares of Entegris in a research report on Monday, May 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $160.00 price objective on shares of Entegris in a report on Wednesday, June 26th. Finally, Mizuho upped their target price on Entegris from $140.00 to $143.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Entegris currently has an average rating of “Moderate Buy” and a consensus target price of $149.80.

Entegris Stock Up 3.0 %

Shares of ENTG traded up $4.07 during mid-day trading on Wednesday, reaching $140.68. The company had a trading volume of 1,205,579 shares, compared to its average volume of 1,392,168. Entegris has a 52 week low of $84.13 and a 52 week high of $146.91. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.02 and a current ratio of 3.35. The company has a market capitalization of $21.21 billion, a price-to-earnings ratio of 65.68, a price-to-earnings-growth ratio of 1.54 and a beta of 1.25. The firm has a 50-day moving average price of $131.80 and a 200 day moving average price of $129.29.

Entegris (NASDAQ:ENTG) last released its earnings results on Wednesday, May 1st. The semiconductor company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.61 by $0.07. Entegris had a return on equity of 11.94% and a net margin of 9.31%. The business had revenue of $771.03 million for the quarter, compared to the consensus estimate of $769.24 million. During the same period in the previous year, the company posted $0.65 earnings per share. The company’s revenue for the quarter was down 16.4% compared to the same quarter last year. On average, sell-side analysts forecast that Entegris will post 3.25 EPS for the current year.

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 1st were paid a dividend of $0.10 per share. The ex-dividend date was Tuesday, April 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.28%. Entegris’s dividend payout ratio is currently 19.23%.

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).