Key Points
- Bertrand Loy sold 57,570 shares of Entegris on Dec. 1 at an average price of $76.88 for total proceeds of $4.43M, reducing his ownership by 15.84% to 305,820 shares valued about $23.51M.
- Entegris shares opened at $86.27 (52‑week range $60.75–$112.36) and were reported up 8.1%; the company has a market cap of $13.08B and a P/E of 45.65.
- Analysts hold a consensus “Hold” rating with a $95.86 target, and Entegris recently paid a $0.10 quarterly dividend (annualized $0.40, ~0.5% yield) while expected FY EPS is $3.51.
Entegris, Inc. (NASDAQ:ENTG - Get Free Report) insider Bertrand Loy sold 57,570 shares of Entegris stock in a transaction on Monday, December 1st. The stock was sold at an average price of $76.88, for a total transaction of $4,425,981.60. Following the transaction, the insider directly owned 305,820 shares in the company, valued at $23,511,441.60. This represents a 15.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Entegris Stock Up 8.1%
ENTG opened at $86.27 on Thursday. Entegris, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $112.36. The firm has a market capitalization of $13.08 billion, a P/E ratio of 45.65 and a beta of 1.32. The company's 50-day moving average is $86.66 and its 200 day moving average is $83.40. The company has a debt-to-equity ratio of 0.99, a current ratio of 3.44 and a quick ratio of 2.13.
Entegris (NASDAQ:ENTG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 6th. The semiconductor company reported $0.70 EPS for the quarter. Entegris had a net margin of 8.95% and a return on equity of 11.61%. The firm had revenue of $512.84 million during the quarter. Research analysts expect that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.
Entegris Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Wednesday, October 29th were given a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, October 29th. This represents a $0.40 annualized dividend and a yield of 0.5%. Entegris's payout ratio is currently 21.16%.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on ENTG. Oppenheimer initiated coverage on Entegris in a research report on Thursday, September 4th. They set a "market perform" rating and a $95.00 target price for the company. Mizuho reduced their price target on shares of Entegris from $108.00 to $96.00 and set an "outperform" rating for the company in a research report on Thursday, November 20th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Entegris in a research report on Monday. Wall Street Zen upgraded shares of Entegris from a "sell" rating to a "hold" rating in a research note on Friday, October 3rd. Finally, Zacks Research lowered shares of Entegris from a "hold" rating to a "strong sell" rating in a research note on Monday, November 3rd. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $95.86.
Check Out Our Latest Analysis on ENTG
Hedge Funds Weigh In On Entegris
Several hedge funds have recently made changes to their positions in the stock. DAVENPORT & Co LLC lifted its holdings in Entegris by 1.3% during the 2nd quarter. DAVENPORT & Co LLC now owns 8,450 shares of the semiconductor company's stock worth $681,000 after purchasing an additional 110 shares in the last quarter. Verdence Capital Advisors LLC lifted its position in Entegris by 2.7% during the third quarter. Verdence Capital Advisors LLC now owns 4,817 shares of the semiconductor company's stock valued at $454,000 after purchasing an additional 126 shares during the last quarter. Alpine Bank Wealth Management increased its holdings in shares of Entegris by 73.7% in the 2nd quarter. Alpine Bank Wealth Management now owns 311 shares of the semiconductor company's stock worth $25,000 after buying an additional 132 shares during the last quarter. MAI Capital Management raised its position in shares of Entegris by 19.7% during the 1st quarter. MAI Capital Management now owns 864 shares of the semiconductor company's stock valued at $76,000 after buying an additional 142 shares in the last quarter. Finally, First Hawaiian Bank lifted its holdings in shares of Entegris by 0.9% during the 1st quarter. First Hawaiian Bank now owns 15,786 shares of the semiconductor company's stock worth $1,381,000 after acquiring an additional 143 shares during the last quarter.
Entegris Company Profile
(
Get Free Report)
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).
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
