Entegris (NASDAQ:ENTG) Cut to Sell at StockNews.com

StockNews.com cut shares of Entegris (NASDAQ:ENTG) from a hold rating to a sell rating in a research note released on Saturday.

Other equities research analysts also recently issued reports about the stock. KeyCorp reduced their price objective on shares of Entegris from $141.00 to $130.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 target price on shares of Entegris in a report on Friday, February 7th. Finally, Mizuho dropped their price target on Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $123.50.

Entegris Trading Down 1.8 %

NASDAQ:ENTG opened at $67.52 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.08 and a quick ratio of 1.86. Entegris has a one year low of $60.75 and a one year high of $147.57. The company has a market cap of $10.22 billion, a PE ratio of 34.98, a PEG ratio of 1.50 and a beta of 1.36. The firm has a 50-day moving average of $90.03 and a 200-day moving average of $99.23.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 EPS for the quarter, topping 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%. As a group, equities research analysts expect that Entegris will post 3.51 EPS for the current fiscal year.

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Wednesday, April 30th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, April 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.59%. Entegris’s dividend payout ratio is presently 20.73%.

Insider Buying and Selling

In related news, SVP Clinton M. Haris sold 12,652 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $106.92, for a total value of $1,352,751.84. Following the completion of the transaction, the senior vice president now directly owns 34,820 shares of the company’s stock, valued at approximately $3,722,954.40. This trade represents a 26.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Olivier Blachier sold 984 shares of Entegris stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $108.00, for a total transaction of $106,272.00. Following the completion of the transaction, the senior vice president now owns 10,903 shares of the company’s stock, valued at $1,177,524. This represents a 8.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Entegris

A number of large investors have recently made changes to their positions in ENTG. Barclays PLC lifted its holdings in Entegris by 44.2% during the 3rd quarter. Barclays PLC now owns 963,157 shares of the semiconductor company’s stock worth $108,383,000 after purchasing an additional 295,358 shares in the last quarter. M&T Bank Corp lifted its holdings in shares of Entegris by 3.2% in the third quarter. M&T Bank Corp now owns 55,222 shares of the semiconductor company’s stock worth $6,214,000 after buying an additional 1,697 shares in the last quarter. Virtu Financial LLC purchased a new position in Entegris during the third quarter valued at approximately $782,000. Sanctuary Advisors LLC increased its holdings in Entegris by 22.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 13,038 shares of the semiconductor company’s stock worth $1,398,000 after acquiring an additional 2,356 shares during the period. Finally, Tidal Investments LLC lifted its stake in Entegris by 119.2% in the 3rd quarter. Tidal Investments LLC now owns 42,780 shares of the semiconductor company’s stock worth $4,814,000 after purchasing an additional 23,262 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).