Entegris, Inc. (NASDAQ:ENTG) SVP Olivier Blachier Sells 984 Shares of Stock

Entegris, Inc. (NASDAQ:ENTG) SVP Olivier Blachier sold 984 shares of Entegris stock in a transaction on Friday, February 21st. The stock was sold at an average price of $108.00, for a total value of $106,272.00. Following the sale, the senior vice president now owns 10,903 shares in the company, valued at $1,177,524. This trade represents a 8.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Entegris Stock Performance

NASDAQ:ENTG opened at $102.30 on Tuesday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08. Entegris, Inc. has a 52-week low of $94.92 and a 52-week high of $147.57. The firm has a market cap of $15.46 billion, a price-to-earnings ratio of 53.01, a PEG ratio of 1.50 and a beta of 1.24. The business’s fifty day moving average is $103.00 and its 200 day moving average is $106.39.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.07. Entegris had a return on equity of 12.83% and a net margin of 9.03%. Research analysts predict that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.39%. The ex-dividend date was Wednesday, January 29th. Entegris’s payout ratio is 20.73%.

Hedge Funds Weigh In On Entegris

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ENTG. Quarry LP purchased a new position in Entegris during the fourth quarter worth about $28,000. Capital Performance Advisors LLP purchased a new position in Entegris during the third quarter worth about $29,000. Neo Ivy Capital Management purchased a new position in Entegris during the fourth quarter worth about $34,000. Blue Trust Inc. grew its position in Entegris by 221.3% during the third quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company’s stock worth $39,000 after buying an additional 239 shares in the last quarter. Finally, Fortitude Family Office LLC grew its position in Entegris by 195.7% during the fourth quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock worth $41,000 after buying an additional 274 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts have issued reports on ENTG shares. BMO Capital Markets lowered their target price on Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. Needham & Company LLC restated a “buy” rating and issued a $120.00 target price on shares of Entegris in a research note on Friday, February 7th. Citigroup lowered their target price on Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Mizuho lowered their target price on Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Finally, Craig Hallum lowered their target price on Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Entegris currently has a consensus rating of “Moderate Buy” and an average target price of $128.78.

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).