Entegris, Inc. (NASDAQ:ENTG) Sees Large Growth in Short Interest

Entegris, Inc. (NASDAQ:ENTG) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totalling 5,410,000 shares, a growth of 31.0% from the August 15th total of 4,130,000 shares. Based on an average daily trading volume, of 1,950,000 shares, the short-interest ratio is currently 2.8 days.

Insiders Place Their Bets

In other news, insider Daniel D. Woodland sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $140.00, for a total value of $2,100,000.00. Following the completion of the transaction, the insider now directly owns 37,457 shares in the company, valued at approximately $5,243,980. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Bertrand Loy sold 27,044 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $140.63, for a total value of $3,803,197.72. Following the sale, the chief executive officer now directly owns 263,068 shares of the company’s stock, valued at $36,995,252.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Daniel D. Woodland sold 15,000 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $140.00, for a total value of $2,100,000.00. Following the transaction, the insider now directly owns 37,457 shares of the company’s stock, valued at approximately $5,243,980. The disclosure for this sale can be found here. Insiders have sold 57,044 shares of company stock worth $8,078,198 over the last ninety days. Corporate insiders own 0.67% of the company’s stock.

Institutional Trading of Entegris

A number of institutional investors have recently bought and sold shares of ENTG. Inspire Advisors LLC grew its stake in Entegris by 1.3% during the first quarter. Inspire Advisors LLC now owns 5,785 shares of the semiconductor company’s stock worth $813,000 after purchasing an additional 77 shares during the period. Commerce Bank boosted its stake in Entegris by 0.6% during the fourth quarter. Commerce Bank now owns 13,725 shares of the semiconductor company’s stock worth $1,645,000 after acquiring an additional 86 shares in the last quarter. Wedmont Private Capital grew its holdings in Entegris by 5.9% in the second quarter. Wedmont Private Capital now owns 1,609 shares of the semiconductor company’s stock worth $232,000 after purchasing an additional 90 shares during the period. Manchester Capital Management LLC increased its stake in Entegris by 19.1% in the fourth quarter. Manchester Capital Management LLC now owns 599 shares of the semiconductor company’s stock valued at $72,000 after purchasing an additional 96 shares in the last quarter. Finally, Everpar Advisors LLC raised its holdings in shares of Entegris by 6.5% during the second quarter. Everpar Advisors LLC now owns 1,656 shares of the semiconductor company’s stock valued at $224,000 after purchasing an additional 101 shares during the period.

Entegris Trading Down 0.5 %

Shares of ENTG stock traded down $0.52 on Monday, hitting $110.15. The company had a trading volume of 1,296,739 shares, compared to its average volume of 1,588,929. Entegris has a twelve month low of $84.13 and a twelve month high of $147.57. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.14 and a current ratio of 3.58. The firm has a market cap of $16.63 billion, a P/E ratio of 52.96, a P/E/G ratio of 1.49 and a beta of 1.24. The stock’s 50-day moving average is $117.50 and its two-hundred day moving average is $128.31.

Entegris (NASDAQ:ENTG) last announced its earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.70 by $0.01. The business had revenue of $812.60 million for the quarter, compared to analysts’ expectations of $802.43 million. Entegris had a return on equity of 12.03% and a net margin of 5.61%. The firm’s revenue was down 9.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.66 earnings per share. On average, equities research analysts anticipate that Entegris will post 3.14 earnings per share for the current fiscal year.

Entegris Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, July 31st were issued a $0.10 dividend. The ex-dividend date was Wednesday, July 31st. This represents a $0.40 annualized dividend and a yield of 0.36%. Entegris’s payout ratio is 19.23%.

Analysts Set New Price Targets

ENTG has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Entegris from $160.00 to $145.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. BMO Capital Markets lowered their price target on shares of Entegris from $160.00 to $145.00 and set an “outperform” rating for the company in a report on Thursday, August 1st. Mizuho upgraded Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price target for the company in a research note on Thursday, August 1st. Needham & Company LLC restated a “buy” rating and set a $150.00 price objective on shares of Entegris in a research report on Thursday, August 1st. Finally, Citigroup upgraded Entegris from a “neutral” rating to a “buy” rating and increased their target price for the company from $119.00 to $130.00 in a research report on Monday. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $146.40.

Entegris Company Profile

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).