Entegris Inc (NASDAQ:ENTG) Director James Gentilcore sold 14,868 shares of the business’s stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $33.92, for a total transaction of $504,322.56. Following the completion of the transaction, the director now owns 4,090 shares of the company’s stock, valued at $138,732.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
NASDAQ ENTG traded down $0.90 during mid-day trading on Thursday, reaching $32.20. The stock had a trading volume of 20,489 shares, compared to its average volume of 763,089. Entegris Inc has a 1 year low of $25.35 and a 1 year high of $39.55. The firm has a market cap of $4.80 billion, a P/E ratio of 22.71 and a beta of 1.40. The company has a quick ratio of 2.49, a current ratio of 3.79 and a debt-to-equity ratio of 0.62.
Entegris (NASDAQ:ENTG) last announced its earnings results on Thursday, July 26th. The semiconductor company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.04. The business had revenue of $383.06 million during the quarter, compared to analyst estimates of $378.52 million. Entegris had a net margin of 8.61% and a return on equity of 24.90%. The company’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.34 EPS. equities analysts expect that Entegris Inc will post 1.95 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 22nd. Shareholders of record on Wednesday, August 1st were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, July 31st. This represents a $0.28 dividend on an annualized basis and a yield of 0.87%. Entegris’s dividend payout ratio is presently 19.44%.
A number of equities analysts recently weighed in on ENTG shares. Loop Capital set a $46.00 price objective on shares of Entegris and gave the stock a “buy” rating in a report on Saturday, July 28th. Zacks Investment Research upgraded shares of Entegris from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a report on Tuesday, June 12th. BidaskClub lowered shares of Entegris from a “buy” rating to a “hold” rating in a report on Wednesday, August 1st. ValuEngine lowered shares of Entegris from a “buy” rating to a “hold” rating in a report on Thursday, July 26th. Finally, Needham & Company LLC boosted their price objective on shares of Entegris from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Friday, June 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $42.00.
Institutional investors and hedge funds have recently made changes to their positions in the business. Summit Trail Advisors LLC raised its stake in Entegris by 37.7% during the 1st quarter. Summit Trail Advisors LLC now owns 11,256 shares of the semiconductor company’s stock valued at $155,000 after buying an additional 3,080 shares during the last quarter. Centaurus Financial Inc. purchased a new stake in Entegris during the 2nd quarter valued at $170,000. Raymond James Financial Services Advisors Inc. purchased a new stake in Entegris during the 2nd quarter valued at $207,000. Signition LP purchased a new stake in Entegris during the 2nd quarter valued at $207,000. Finally, Paloma Partners Management Co purchased a new stake in Entegris during the 2nd quarter valued at $208,000. Institutional investors and hedge funds own 93.67% of the company’s stock.
Entegris Company Profile
Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries worldwide. It operates through three segments: Specialty Chemicals and Engineered Materials (SCEM), Microcontamination Control (MC), and Advanced Materials Handling (AMH).
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