Entegris (NASDAQ:ENTG) Shares Gap Down – Should You Sell?

Entegris, Inc. (NASDAQ:ENTG) gapped down before the market opened on Monday . The stock had previously closed at $92.55, but opened at $89.71. Entegris shares last traded at $89.2820, with a volume of 621,033 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ENTG shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Entegris in a research report on Monday, December 1st. Zacks Research cut Entegris from a “hold” rating to a “strong sell” rating in a research note on Monday, November 3rd. The Goldman Sachs Group cut shares of Entegris from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $88.00 to $75.00 in a research report on Monday. Oppenheimer started coverage on shares of Entegris in a research report on Thursday, September 4th. They set a “market perform” rating and a $95.00 price objective for the company. Finally, Mizuho reduced their target price on shares of Entegris from $108.00 to $96.00 and set an “outperform” rating for the company in a report on Thursday, November 20th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $94.43.

Entegris Price Performance

The company has a market cap of $13.57 billion, a PE ratio of 47.44 and a beta of 1.32. The stock has a fifty day moving average price of $86.30 and a 200-day moving average price of $84.36. 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) last posted its quarterly earnings results on Wednesday, July 6th. The semiconductor company reported $0.70 earnings per share for the quarter. Entegris had a return on equity of 11.61% and a net margin of 8.95%.The firm had revenue of $512.84 million for the quarter. On average, equities analysts expect that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Wednesday, October 29th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, October 29th. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. Entegris’s payout ratio is presently 21.16%.

Insider Activity at Entegris

In other Entegris news, Director James P. Lederer sold 2,008 shares of Entegris stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $92.84, for a total transaction of $186,422.72. Following the completion of the sale, the director owned 20,434 shares of the company’s stock, valued at $1,897,092.56. This trade represents a 8.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Bertrand Loy sold 57,570 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $76.88, for a total transaction of $4,425,981.60. Following the transaction, the insider owned 305,820 shares in the company, valued at approximately $23,511,441.60. This represents a 15.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 63,643 shares of company stock worth $4,966,433 in the last quarter. 0.61% of the stock is owned by corporate insiders.

Institutional Trading of Entegris

A number of institutional investors and hedge funds have recently made changes to their positions in ENTG. Cresset Asset Management LLC grew its position in Entegris by 20.6% in the 1st quarter. Cresset Asset Management LLC now owns 161,662 shares of the semiconductor company’s stock worth $14,142,000 after purchasing an additional 27,651 shares during the last quarter. AdvisorNet Financial Inc boosted its position in shares of Entegris by 3,869.8% during the 2nd quarter. AdvisorNet Financial Inc now owns 5,002 shares of the semiconductor company’s stock valued at $403,000 after acquiring an additional 4,876 shares in the last quarter. Inspire Investing LLC lifted its position in shares of Entegris by 18.5% during the 1st quarter. Inspire Investing LLC now owns 19,227 shares of the semiconductor company’s stock worth $1,682,000 after buying an additional 2,998 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Entegris by 40.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,759,296 shares of the semiconductor company’s stock valued at $241,383,000 after purchasing an additional 794,222 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of Entegris by 170.8% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 5,741 shares of the semiconductor company’s stock worth $502,000 after buying an additional 3,621 shares in the last quarter.

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).