Entegris (NASDAQ:ENTG) Shares Gap Down – Time to Sell?

Entegris, Inc. (NASDAQ:ENTG) gapped down prior to trading 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

A number of equities analysts have issued reports on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Entegris in a research note on Monday, December 1st. Oppenheimer initiated coverage on Entegris in a research note on Thursday, September 4th. They set a “market perform” rating and a $95.00 price objective for the company. The Goldman Sachs Group downgraded Entegris from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $88.00 to $75.00 in a report on Monday. Zacks Research cut Entegris from a “hold” rating to a “strong sell” rating in a report on Monday, November 3rd. Finally, Wall Street Zen upgraded Entegris from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Entegris presently has an average rating of “Hold” and an average target price of $94.43.

Entegris Stock Down 3.3%

The firm’s 50 day simple moving average is $86.30 and its 200-day simple moving average is $84.36. The company has a current ratio of 3.44, a quick ratio of 2.13 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $13.57 billion, a price-to-earnings ratio of 47.44 and a beta of 1.32.

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

Entegris Announces Dividend

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

Insider Activity

In related news, SVP Joseph Colella sold 3,577 shares of the firm’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $88.41, for a total value of $316,242.57. Following the completion of the sale, the senior vice president directly owned 34,364 shares in the company, valued at approximately $3,038,121.24. This trade represents a 9.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Bertrand Loy sold 57,570 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $76.88, for a total value of $4,425,981.60. Following the transaction, the insider directly owned 305,820 shares in the company, valued at approximately $23,511,441.60. This trade represents a 15.84% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 63,643 shares of company stock worth $4,966,433. 0.61% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ENTG. DAVENPORT & Co LLC raised its stake in Entegris by 1.3% in the 2nd quarter. DAVENPORT & Co LLC now owns 8,450 shares of the semiconductor company’s stock valued at $681,000 after acquiring an additional 110 shares during the period. Verdence Capital Advisors LLC boosted its position in Entegris by 2.7% during the third quarter. Verdence Capital Advisors LLC now owns 4,817 shares of the semiconductor company’s stock worth $454,000 after purchasing an additional 126 shares during the period. Alpine Bank Wealth Management increased its holdings in shares of Entegris by 73.7% in the second quarter. Alpine Bank Wealth Management now owns 311 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 132 shares during the last quarter. MAI Capital Management raised its position in shares of Entegris by 19.7% in the first quarter. MAI Capital Management now owns 864 shares of the semiconductor company’s stock valued at $76,000 after purchasing an additional 142 shares during the period. Finally, First Hawaiian Bank raised its position in shares of Entegris by 0.9% in the first quarter. First Hawaiian Bank now owns 15,786 shares of the semiconductor company’s stock valued at $1,381,000 after purchasing an additional 143 shares during the period.

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).