Short Interest in Entegris Inc (NASDAQ:ENTG) Grows By 15.8%
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.
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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