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

Entegris, Inc. (NASDAQ:ENTG) Director James Lederer sold 2,008 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $92.84, for a total value of $186,422.72. Following the sale, the director owned 20,434 shares in the company, valued at approximately $1,897,092.56. This represents a 8.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Entegris Price Performance

ENTG stock opened at $95.23 on Friday. The firm has a 50 day moving average of $86.42 and a 200-day moving average of $84.07. The firm has a market capitalization of $14.44 billion, a P/E ratio of 50.36 and a beta of 1.32. Entegris, Inc. has a 12 month low of $60.75 and a 12 month high of $112.36. The company has a current ratio of 3.44, a quick ratio of 2.13 and a debt-to-equity ratio of 0.99.

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

Entegris Announces Dividend

The firm also recently announced 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. This represents a $0.40 annualized dividend and a yield of 0.4%. The ex-dividend date was Wednesday, October 29th. Entegris’s payout ratio is presently 21.16%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ENTG. Ground Swell Capital LLC bought a new stake in shares of Entegris during the 1st quarter valued at about $330,000. Cresset Asset Management LLC lifted its holdings in Entegris by 20.6% in the first quarter. Cresset Asset Management LLC now owns 161,662 shares of the semiconductor company’s stock worth $14,142,000 after buying an additional 27,651 shares during the period. AdvisorNet Financial Inc boosted its position in 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 grew its holdings 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 acquiring an additional 2,998 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Entegris by 40.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,759,296 shares of the semiconductor company’s stock worth $241,383,000 after acquiring an additional 794,222 shares during the period.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Mizuho lowered their price target on Entegris from $108.00 to $96.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. Zacks Research downgraded shares of Entegris from a “hold” rating to a “strong sell” rating in a research note on Monday, November 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Entegris in a research report on Monday, December 1st. Wall Street Zen raised shares of Entegris from a “sell” rating to a “hold” rating in a report on Friday, October 3rd. Finally, Oppenheimer initiated 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 on the stock. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Entegris has an average rating of “Hold” and a consensus target price of $95.86.

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).