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

Entegris, Inc. (NASDAQ:ENTG) saw a significant decline in short interest in March. As of March 15th, there was short interest totalling 4,330,000 shares, a decline of 9.4% from the February 29th total of 4,780,000 shares. Based on an average daily trading volume, of 1,400,000 shares, the short-interest ratio is currently 3.1 days.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ENTG shares. KeyCorp boosted their target price on shares of Entegris from $136.00 to $164.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. BMO Capital Markets raised their target price on Entegris from $130.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. UBS Group increased their price target on Entegris from $90.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Needham & Company LLC reiterated a “buy” rating and set a $150.00 price target on shares of Entegris in a report on Thursday, March 7th. Finally, Craig Hallum upgraded Entegris from a “hold” rating to a “buy” rating and set a $150.00 price target for the company in a report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $141.64.

Entegris Stock Down 1.6 %

Shares of ENTG traded down $2.30 during trading hours on Tuesday, hitting $138.32. The stock had a trading volume of 1,232,027 shares, compared to its average volume of 1,427,554. The company has a debt-to-equity ratio of 1.35, a current ratio of 3.85 and a quick ratio of 2.67. The firm has a 50 day simple moving average of $132.48 and a 200-day simple moving average of $113.11. The firm has a market capitalization of $20.85 billion, a P/E ratio of 116.24 and a beta of 1.32. Entegris has a 1-year low of $69.37 and a 1-year high of $146.91.

Entegris (NASDAQ:ENTG) last issued its earnings results on Tuesday, February 13th. The semiconductor company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.59 by $0.06. The company had revenue of $812.30 million during the quarter, compared to the consensus estimate of $780.95 million. Entegris had a return on equity of 12.00% and a net margin of 5.13%. The firm’s revenue for the quarter was down 14.1% compared to the same quarter last year. During the same period last year, the business posted $0.83 EPS. Sell-side analysts predict that Entegris will post 3.31 EPS for the current fiscal year.

Entegris Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 21st. Shareholders of record on Wednesday, January 31st were paid a dividend of $0.10 per share. The ex-dividend date was Tuesday, January 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.29%. Entegris’s dividend payout ratio (DPR) is currently 33.61%.

Insider Activity

In other news, SVP Susan G. Rice sold 17,518 shares of Entegris stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $135.86, for a total value of $2,379,995.48. Following the completion of the sale, the senior vice president now directly owns 42,931 shares in the company, valued at $5,832,605.66. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Entegris news, SVP Michael Besnard sold 12,667 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $135.78, for a total transaction of $1,719,925.26. Following the completion of the transaction, the senior vice president now directly owns 10,213 shares in the company, valued at $1,386,721.14. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Susan G. Rice sold 17,518 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $135.86, for a total transaction of $2,379,995.48. Following the transaction, the senior vice president now owns 42,931 shares of the company’s stock, valued at $5,832,605.66. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,082 shares of company stock worth $5,606,849. Corporate insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On Entegris

Hedge funds have recently added to or reduced their stakes in the stock. Legacy Financial Group LLC acquired a new position in Entegris during the 3rd quarter valued at about $30,000. Trust Co. of Vermont acquired a new position in Entegris during the 4th quarter valued at about $31,000. KB Financial Partners LLC acquired a new position in Entegris during the 1st quarter valued at about $34,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Entegris during the 4th quarter valued at about $35,000. Finally, Belpointe Asset Management LLC boosted its stake in Entegris by 51.1% during the 1st quarter. Belpointe Asset Management LLC now owns 485 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 164 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).