Entegris, Inc. (NASDAQ:ENTG – Get Free Report) SVP Olivier Blachier sold 275 shares of the stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $115.57, for a total value of $31,781.75. Following the completion of the transaction, the senior vice president directly owned 34,897 shares of the company’s stock, valued at approximately $4,033,046.29. This represents a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Olivier Blachier also recently made the following trade(s):
- On Friday, February 20th, Olivier Blachier sold 1,664 shares of Entegris stock. The stock was sold at an average price of $131.49, for a total transaction of $218,799.36.
Entegris Price Performance
Shares of Entegris stock traded up $11.05 during trading hours on Wednesday, reaching $129.60. 3,723,753 shares of the company’s stock were exchanged, compared to its average volume of 2,906,840. The business has a fifty day moving average of $122.04 and a two-hundred day moving average of $102.15. The company has a market capitalization of $19.70 billion, a P/E ratio of 84.16, a price-to-earnings-growth ratio of 2.19 and a beta of 1.32. The company has a quick ratio of 2.04, a current ratio of 3.35 and a debt-to-equity ratio of 0.94. Entegris, Inc. has a 1 year low of $61.96 and a 1 year high of $142.50.
Entegris Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 18th. Stockholders of record on Wednesday, January 28th were given a $0.10 dividend. The ex-dividend date was Wednesday, January 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. Entegris’s dividend payout ratio is 25.97%.
Analysts Set New Price Targets
ENTG has been the subject of several analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Entegris in a report on Monday, December 29th. The Goldman Sachs Group raised their price objective on shares of Entegris from $75.00 to $95.00 and gave the stock a “sell” rating in a research report on Wednesday, February 11th. Needham & Company LLC reiterated a “strong-buy” rating on shares of Entegris in a report on Tuesday, January 20th. Zacks Research downgraded shares of Entegris from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd. Finally, Mizuho set a $150.00 price objective on Entegris in a report on Wednesday, February 11th. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Entegris currently has an average rating of “Hold” and an average price target of $133.78.
Read Our Latest Report on Entegris
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Truist Financial Corp raised its holdings in shares of Entegris by 21.3% in the 3rd quarter. Truist Financial Corp now owns 63,312 shares of the semiconductor company’s stock valued at $5,854,000 after buying an additional 11,119 shares during the period. Freedom Financial Partners LLC boosted its holdings in Entegris by 105.8% during the 4th quarter. Freedom Financial Partners LLC now owns 34,051 shares of the semiconductor company’s stock valued at $2,869,000 after acquiring an additional 17,509 shares during the period. Principal Financial Group Inc. boosted its holdings in Entegris by 10.1% during the 3rd quarter. Principal Financial Group Inc. now owns 5,876,271 shares of the semiconductor company’s stock valued at $543,325,000 after acquiring an additional 540,755 shares during the period. Mediolanum International Funds Ltd acquired a new position in Entegris in the 3rd quarter valued at about $12,093,000. Finally, Congress Asset Management Co. increased its stake in Entegris by 17.9% during the third quarter. Congress Asset Management Co. now owns 182,906 shares of the semiconductor company’s stock worth $16,912,000 after purchasing an additional 27,813 shares during the period.
Entegris Company Profile
Entegris, Inc is a leading provider of advanced materials and process control solutions for the semiconductor and other high-technology industries. The company develops and supplies a broad portfolio of products designed to ensure purity and reliability throughout the manufacturing process, helping customers address critical contamination and yield challenges.
Entegris’s product offerings include high-purity chemicals and specialty materials, liquid and gas filtration and purification systems, and sophisticated wafer and chip handling solutions.
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