Entegris (NASDAQ:ENTG) Lowered to “Sell” Rating by StockNews.com

StockNews.com lowered shares of Entegris (NASDAQ:ENTG) from a hold rating to a sell rating in a research report report published on Friday.

Several other equities analysts also recently commented on the stock. Needham & Company LLC reissued a “buy” rating and issued a $120.00 target price on shares of Entegris in a report on Friday, February 7th. Mizuho decreased their price target on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Finally, KeyCorp cut their price objective on Entegris from $150.00 to $141.00 and set an “overweight” rating for the company in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $124.88.

Entegris Price Performance

NASDAQ:ENTG opened at $69.72 on Friday. The business’s 50-day simple moving average is $94.48 and its two-hundred day simple moving average is $101.13. Entegris has a 52 week low of $60.75 and a 52 week high of $147.57. The stock has a market cap of $10.55 billion, a PE ratio of 36.12, a P/E/G ratio of 1.50 and a beta of 1.36. The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 1.08.

Entegris (NASDAQ:ENTG) last released its earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate 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, analysts forecast that Entegris will post 3.51 EPS for the current fiscal year.

Entegris Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend was Wednesday, January 29th. Entegris’s dividend payout ratio is 20.73%.

Insider Activity at Entegris

In other news, SVP Olivier Blachier sold 984 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $108.00, for a total value of $106,272.00. Following the sale, the senior vice president now owns 10,903 shares of the company’s stock, valued at approximately $1,177,524. This represents a 8.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Clinton M. Haris sold 12,652 shares of Entegris stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following 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 represents a 26.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is owned by insiders.

Institutional Trading of Entegris

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quarry LP bought a new position in shares of Entegris during the fourth quarter valued at approximately $28,000. Central Pacific Bank Trust Division boosted its holdings in Entegris by 125.7% during the 1st quarter. Central Pacific Bank Trust Division now owns 307 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 171 shares during the period. Neo Ivy Capital Management bought a new position in Entegris in the 4th quarter valued at $34,000. Fortitude Family Office LLC increased its stake in Entegris by 195.7% in the fourth quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 274 shares during the period. Finally, Curat Global LLC bought a new stake in shares of Entegris during the first quarter worth $39,000.

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).