Entegris Inc (NASDAQ:ENTG) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 7,563,400 shares, an increase of 15.8% from the June 30th total of 6,529,700 shares. Based on an average daily trading volume, of 1,510,000 shares, the short-interest ratio is currently 5.0 days. Approximately 5.7% of the company’s shares are sold short.

Shares of NASDAQ ENTG traded down $0.96 during trading hours on Wednesday, hitting $41.22. The company’s stock had a trading volume of 747,200 shares, compared to its average volume of 1,712,947. The company has a debt-to-equity ratio of 0.85, a quick ratio of 3.66 and a current ratio of 4.87. The stock has a market capitalization of $5.61 billion, a PE ratio of 21.81 and a beta of 1.36. Entegris has a 12 month low of $23.39 and a 12 month high of $45.12. The stock has a 50-day moving average price of $39.39.

Entegris (NASDAQ:ENTG) last posted its earnings results on Thursday, July 25th. The semiconductor company reported $0.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.04). The business had revenue of $378.90 million during the quarter, compared to the consensus estimate of $382.02 million. Entegris had a return on equity of 24.13% and a net margin of 18.18%. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.49 earnings per share. On average, equities research analysts anticipate that Entegris will post 1.91 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 21st. Investors of record on Wednesday, July 31st will be paid a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, July 30th. This is a boost from Entegris’s previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a dividend yield of 0.78%. Entegris’s dividend payout ratio (DPR) is presently 16.93%.

In other news, CFO Gregory B. Graves sold 25,974 shares of Entegris stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $45.00, for a total value of $1,168,830.00. Following the transaction, the chief financial officer now owns 74,521 shares in the company, valued at $3,353,445. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP William James Shaner sold 22,544 shares of Entegris stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $44.21, for a total value of $996,670.24. Following the completion of the transaction, the senior vice president now owns 49,830 shares in the company, valued at approximately $2,202,984.30. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of ENTG. Iridian Asset Management LLC CT bought a new stake in shares of Entegris in the second quarter worth about $116,933,000. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Entegris in the second quarter worth about $37,003,000. Schroder Investment Management Group grew its stake in shares of Entegris by 51.0% in the second quarter. Schroder Investment Management Group now owns 2,467,783 shares of the semiconductor company’s stock worth $92,098,000 after purchasing an additional 833,811 shares during the last quarter. TimesSquare Capital Management LLC grew its stake in shares of Entegris by 32.9% in the first quarter. TimesSquare Capital Management LLC now owns 3,232,400 shares of the semiconductor company’s stock worth $115,364,000 after purchasing an additional 799,600 shares during the last quarter. Finally, Westfield Capital Management Co. LP bought a new stake in shares of Entegris in the first quarter worth about $26,724,000.

Several research firms have recently commented on ENTG. CL King began coverage on Entegris in a report on Thursday, June 20th. They issued a “buy” rating and a $44.00 price objective on the stock. Deutsche Bank lifted their price objective on Entegris from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. BidaskClub downgraded Entegris from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 6th. Zacks Investment Research downgraded Entegris from a “hold” rating to a “sell” rating in a report on Tuesday, June 25th. Finally, ValuEngine upgraded Entegris from a “hold” rating to a “buy” rating in a report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. Entegris currently has an average rating of “Buy” and a consensus target price of $44.50.

Entegris Company Profile

Entegris, Inc develops, manufactures, and supplies micro contamination control products, specialty chemicals, and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries worldwide. It operates through three segments: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); and Advanced Materials Handling (AMH).

Further Reading: Return On Assets

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