Entegris (NASDAQ:ENTG) SVP Olivier Blachier Sells 488 Shares

Entegris, Inc. (NASDAQ:ENTG) SVP Olivier Blachier sold 488 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $77.43, for a total value of $37,785.84. Following the transaction, the senior vice president directly owned 14,124 shares in the company, valued at approximately $1,093,621.32. This represents a 3.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Entegris Trading Down 2.6%

NASDAQ ENTG traded down $1.91 during trading on Tuesday, hitting $72.88. The stock had a trading volume of 2,493,719 shares, compared to its average volume of 3,071,863. Entegris, Inc. has a one year low of $60.75 and a one year high of $112.36. The stock has a 50 day simple moving average of $90.15 and a 200 day simple moving average of $83.85. The stock has a market capitalization of $11.05 billion, a price-to-earnings ratio of 37.57 and a beta of 1.39. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.95 and a current ratio of 3.30.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Wednesday, July 6th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter. The company had revenue of $512.84 million during the quarter. Entegris had a return on equity of 12.05% and a net margin of 9.17%. Sell-side analysts predict that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 19th. Stockholders of record on Wednesday, October 29th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, October 29th. Entegris’s dividend payout ratio is presently 21.16%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on ENTG shares. Oppenheimer started coverage on Entegris in a report on Thursday, September 4th. They issued a “market perform” rating and a $95.00 price target on the stock. Wall Street Zen raised shares of Entegris from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. Mizuho lifted their price objective on shares of Entegris from $100.00 to $108.00 and gave the stock an “outperform” rating in a research report on Friday, October 3rd. UBS Group decreased their target price on shares of Entegris from $95.00 to $90.00 and set a “neutral” rating for the company in a research report on Thursday, July 31st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Entegris in a research report on Thursday. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $97.57.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. DigitalBridge Group Inc. purchased a new stake in shares of Entegris in the third quarter valued at approximately $39,420,000. Verition Fund Management LLC boosted its holdings in Entegris by 49.9% in the 3rd quarter. Verition Fund Management LLC now owns 69,139 shares of the semiconductor company’s stock worth $6,393,000 after buying an additional 23,030 shares during the last quarter. State Street Corp increased its stake in Entegris by 1.2% during the 3rd quarter. State Street Corp now owns 5,090,627 shares of the semiconductor company’s stock worth $470,679,000 after buying an additional 62,619 shares in the last quarter. Stone Run Capital LLC lifted its position in shares of Entegris by 20.0% in the third quarter. Stone Run Capital LLC now owns 39,830 shares of the semiconductor company’s stock valued at $3,683,000 after acquiring an additional 6,650 shares in the last quarter. Finally, Sora Investors LLC boosted its stake in shares of Entegris by 156.3% in the third quarter. Sora Investors LLC now owns 215,452 shares of the semiconductor company’s stock worth $19,921,000 after acquiring an additional 131,392 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).