Insider Selling: Entegris, Inc. (NASDAQ:ENTG) Insider Sells $2,100,000.00 in Stock

Entegris, Inc. (NASDAQ:ENTG) insider Daniel D. Woodland sold 15,000 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $140.00, for a total transaction of $2,100,000.00. Following the completion of the transaction, the insider now owns 37,457 shares in the company, valued at approximately $5,243,980. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Entegris Price Performance

Shares of NASDAQ ENTG opened at $143.77 on Thursday. The business has a fifty day moving average price of $133.09 and a two-hundred day moving average price of $130.15. The stock has a market capitalization of $21.68 billion, a PE ratio of 69.12, a P/E/G ratio of 1.61 and a beta of 1.25. The company has a debt-to-equity ratio of 1.22, a current ratio of 3.35 and a quick ratio of 2.02. Entegris, Inc. has a fifty-two week low of $84.13 and a fifty-two week high of $146.91.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.07. Entegris had a return on equity of 11.94% and a net margin of 9.31%. The company had revenue of $771.03 million for the quarter, compared to analysts’ expectations of $769.24 million. During the same quarter last year, the business earned $0.65 earnings per share. Entegris’s revenue was down 16.4% on a year-over-year basis. As a group, equities analysts predict that Entegris, Inc. will post 3.25 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 1st were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date of this dividend was Tuesday, April 30th. Entegris’s dividend payout ratio (DPR) is presently 19.23%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ENTG. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $160.00 price objective on shares of Entegris in a report on Wednesday, June 26th. Needham & Company LLC restated a “buy” rating and issued a $150.00 price target on shares of Entegris in a research note on Monday, May 13th. Finally, Mizuho increased their price objective on Entegris from $140.00 to $143.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $149.80.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Entegris during the fourth quarter worth $278,727,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Entegris by 7.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,085,147 shares of the semiconductor company’s stock worth $1,838,988,000 after buying an additional 916,420 shares in the last quarter. Jackson Square Partners LLC bought a new stake in shares of Entegris during the 4th quarter worth $82,813,000. Assenagon Asset Management S.A. boosted its stake in Entegris by 1,626.4% in the first quarter. Assenagon Asset Management S.A. now owns 354,507 shares of the semiconductor company’s stock valued at $49,822,000 after buying an additional 333,973 shares in the last quarter. Finally, Norden Group LLC grew its position in Entegris by 2,200.1% in the first quarter. Norden Group LLC now owns 224,260 shares of the semiconductor company’s stock valued at $31,518,000 after acquiring an additional 214,510 shares during the last quarter.

About Entegris

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).