Entegris (NASDAQ:ENTG) Director James Lederer Sells 2,008 Shares

Entegris, Inc. (NASDAQ:ENTG) Director James Lederer sold 2,008 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $92.84, for a total value of $186,422.72. Following the completion of the sale, the director directly owned 20,434 shares of the company’s stock, valued at $1,897,092.56. The trade was a 8.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Entegris Stock Down 0.6%

ENTG traded down $0.55 on Thursday, hitting $94.18. The company had a trading volume of 424,005 shares, compared to its average volume of 3,048,461. The stock has a fifty day simple moving average of $86.44 and a 200-day simple moving average of $83.99. The firm has a market capitalization of $14.28 billion, a P/E ratio of 49.80 and a beta of 1.32. 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, Inc. has a 52-week low of $60.75 and a 52-week high of $112.36.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings results on Wednesday, July 6th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter. The company had revenue of $512.84 million during the quarter. Entegris had a net margin of 8.95% and a return on equity of 11.61%. As a group, equities analysts expect that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Stockholders of record on Wednesday, October 29th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Wednesday, October 29th. Entegris’s dividend payout ratio is currently 21.16%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ENTG. Charles Schwab Investment Management Inc. raised its position in shares of Entegris by 3.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,123,961 shares of the semiconductor company’s stock worth $98,324,000 after acquiring an additional 33,148 shares in the last quarter. Invesco Ltd. grew its stake in Entegris by 30.3% in the first quarter. Invesco Ltd. now owns 347,315 shares of the semiconductor company’s stock valued at $30,383,000 after purchasing an additional 80,734 shares during the last quarter. Nuveen LLC bought a new position in Entegris in the first quarter worth about $31,352,000. Public Sector Pension Investment Board purchased a new position in shares of Entegris in the 1st quarter worth approximately $700,000. Finally, HighTower Advisors LLC raised its stake in shares of Entegris by 0.8% during the 1st quarter. HighTower Advisors LLC now owns 28,980 shares of the semiconductor company’s stock worth $2,535,000 after acquiring an additional 226 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ENTG shares. Zacks Research cut shares of Entegris from a “hold” rating to a “strong sell” rating in a research note on Monday, November 3rd. Wall Street Zen upgraded shares of Entegris from a “sell” rating to a “hold” rating in a research note on Friday, October 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Entegris in a report on Monday, December 1st. Oppenheimer assumed coverage on Entegris in a research note on Thursday, September 4th. They issued a “market perform” rating and a $95.00 price objective on the stock. Finally, Mizuho dropped their price target on Entegris from $108.00 to $96.00 and set an “outperform” rating for the company in a research report on Thursday, November 20th. Four investment 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 data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $95.86.

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).