Olivier Blachier Sells 1,986 Shares of Entegris, Inc. (NASDAQ:ENTG) Stock

Entegris, Inc. (NASDAQ:ENTGGet Free Report) SVP Olivier Blachier sold 1,986 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $133.84, for a total transaction of $265,806.24. Following the completion of the sale, the senior vice president now owns 12,356 shares in the company, valued at $1,653,727.04. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Entegris Trading Down 0.8 %

Shares of NASDAQ:ENTG opened at $129.50 on Friday. The firm has a fifty day moving average of $134.10 and a two-hundred day moving average of $122.34. The company has a quick ratio of 2.02, a current ratio of 3.35 and a debt-to-equity ratio of 1.22. Entegris, Inc. has a 12-month low of $84.13 and a 12-month high of $146.91. The firm has a market capitalization of $19.53 billion, a P/E ratio of 62.26 and a beta of 1.31.

Entegris (NASDAQ:ENTGGet Free Report) last issued its earnings results on Wednesday, May 1st. The semiconductor company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.07. The company had revenue of $771.03 million for the quarter, compared to analyst estimates of $769.24 million. Entegris had a return on equity of 11.94% and a net margin of 9.31%. The business’s revenue was down 16.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.65 EPS. On average, equities analysts expect that Entegris, Inc. will post 3.3 EPS for the current fiscal year.

Entegris Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 1st will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, April 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.31%. Entegris’s dividend payout ratio (DPR) is 19.23%.

Wall Street Analyst Weigh In

Several research firms have issued reports on ENTG. Needham & Company LLC reaffirmed a “buy” rating and issued a $150.00 price target on shares of Entegris in a report on Monday, May 13th. The Goldman Sachs Group upped their target price on Entegris from $104.00 to $147.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Wolfe Research started coverage on Entegris in a research report on Friday, March 1st. They issued an “outperform” rating and a $160.00 price target for the company. StockNews.com downgraded Entegris from a “hold” rating to a “sell” rating in a report on Thursday, February 22nd. Finally, BMO Capital Markets raised their target price on shares of Entegris from $130.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $148.67.

View Our Latest Stock Report on ENTG

Institutional Investors Weigh In On Entegris

Several institutional investors and hedge funds have recently modified their holdings of ENTG. WCM Investment Management LLC lifted its position in shares of Entegris by 0.4% in the fourth quarter. WCM Investment Management LLC now owns 5,173,163 shares of the semiconductor company’s stock worth $628,177,000 after buying an additional 22,249 shares during the last quarter. California Public Employees Retirement System raised its position in shares of Entegris by 17.6% in the fourth quarter. California Public Employees Retirement System now owns 257,147 shares of the semiconductor company’s stock valued at $30,811,000 after purchasing an additional 38,557 shares during the period. QRG Capital Management Inc. acquired a new stake in shares of Entegris in the third quarter worth $663,000. Crestwood Advisors Group LLC bought a new stake in shares of Entegris during the 3rd quarter worth $3,087,000. Finally, Parkside Financial Bank & Trust grew its stake in Entegris by 20.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,357 shares of the semiconductor company’s stock valued at $163,000 after buying an additional 229 shares during the last quarter.

About Entegris

(Get Free Report)

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).

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