Entegris, Inc. (NASDAQ:ENTG – Get Free Report) SVP Joseph Colella sold 6,326 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $140.17, for a total value of $886,715.42. Following the completion of the sale, the senior vice president directly owned 50,121 shares in the company, valued at approximately $7,025,460.57. The trade was a 11.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Joseph Colella also recently made the following trade(s):
- On Tuesday, April 7th, Joseph Colella sold 1,592 shares of Entegris stock. The shares were sold at an average price of $115.57, for a total value of $183,987.44.
- On Friday, February 20th, Joseph Colella sold 1,580 shares of Entegris stock. The shares were sold at an average price of $131.49, for a total value of $207,754.20.
Entegris Stock Down 5.2%
Shares of Entegris stock traded down $6.98 during trading hours on Monday, reaching $126.09. 1,607,749 shares of the company were exchanged, compared to its average volume of 2,918,976. Entegris, Inc. has a 1 year low of $66.32 and a 1 year high of $159.15. The stock’s fifty day moving average is $130.55 and its 200 day moving average is $111.50. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.05 and a current ratio of 3.21. The firm has a market cap of $19.23 billion, a PE ratio of 72.89, a PEG ratio of 1.66 and a beta of 1.39.
Entegris Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 20th. Investors of record on Wednesday, April 29th will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, April 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. Entegris’s payout ratio is presently 23.12%.
Institutional Investors Weigh In On Entegris
A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Entegris by 2.8% in the third quarter. Vanguard Group Inc. now owns 16,017,716 shares of the semiconductor company’s stock valued at $1,480,998,000 after purchasing an additional 443,518 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its position in Entegris by 5.8% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,457,925 shares of the semiconductor company’s stock valued at $689,560,000 after purchasing an additional 412,121 shares during the period. Capital Research Global Investors acquired a new stake in Entegris in the third quarter valued at about $644,841,000. Principal Financial Group Inc. lifted its position in Entegris by 1.2% in the first quarter. Principal Financial Group Inc. now owns 5,885,239 shares of the semiconductor company’s stock valued at $689,990,000 after purchasing an additional 68,152 shares during the period. Finally, State Street Corp increased its holdings in Entegris by 1.2% in the fourth quarter. State Street Corp now owns 5,152,176 shares of the semiconductor company’s stock valued at $434,071,000 after buying an additional 61,549 shares in the last quarter.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on ENTG shares. KeyCorp raised their price target on Entegris from $111.00 to $156.00 and gave the stock an “overweight” rating in a report on Wednesday, February 11th. Needham & Company LLC raised their price target on Entegris from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Wall Street Zen raised Entegris from a “hold” rating to a “strong-buy” rating in a report on Saturday, May 9th. Oppenheimer reissued an “outperform” rating and set a $160.00 price target on shares of Entegris in a report on Friday, May 1st. Finally, Zacks Research lowered Entegris from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $153.78.
View Our Latest Stock Analysis on Entegris
Entegris Company Profile
Entegris, Inc is a leading provider of advanced materials and process control solutions for the semiconductor and other high-technology industries. The company develops and supplies a broad portfolio of products designed to ensure purity and reliability throughout the manufacturing process, helping customers address critical contamination and yield challenges.
Entegris’s product offerings include high-purity chemicals and specialty materials, liquid and gas filtration and purification systems, and sophisticated wafer and chip handling solutions.
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