Entegris (NASDAQ:ENTG) Shares Gap Up – Here’s Why
by Mitch Edgeman · The Markets DailyEntegris, Inc. (NASDAQ:ENTG – Get Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $138.71, but opened at $147.86. Entegris shares last traded at $151.6660, with a volume of 389,344 shares.
Analysts Set New Price Targets
ENTG has been the topic of a number of recent research reports. Weiss Ratings raised shares of Entegris from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Entegris from $145.00 to $155.00 and gave the company a “hold” rating in a research note on Monday. Wall Street Zen lowered shares of Entegris from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 30th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $115.00 price target on shares of Entegris in a research report on Friday, May 1st. Finally, Needham & Company LLC increased their price target on Entegris from $150.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Seven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $164.22.
Check Out Our Latest Stock Report on Entegris
Entegris Price Performance
The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.05 and a current ratio of 3.21. The business’s fifty day simple moving average is $147.67 and its 200 day simple moving average is $128.73. The stock has a market cap of $22.85 billion, a price-to-earnings ratio of 86.08, a price-to-earnings-growth ratio of 1.58 and a beta of 1.31.
Entegris (NASDAQ:ENTG – Get Free Report) last announced its earnings results on Thursday, April 30th. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.11. Entegris had a return on equity of 11.45% and a net margin of 8.18%.The business had revenue of $811.90 million for the quarter, compared to analyst estimates of $808.72 million. During the same period in the previous year, the company earned $0.67 earnings per share. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. Entegris has set its Q2 2026 guidance at 0.760-0.840 EPS. Research analysts predict that Entegris, Inc. will post 3.63 EPS for the current fiscal year.
Entegris Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Wednesday, April 29th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Wednesday, April 29th. Entegris’s dividend payout ratio is presently 23.12%.
Insider Activity at Entegris
In related news, SVP Joseph Colella sold 6,326 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $140.17, for a total value of $886,715.42. Following the sale, the senior vice president directly owned 50,121 shares of the company’s stock, valued at $7,025,460.57. This represents a 11.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James P. Lederer sold 3,569 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $143.59, for a total transaction of $512,472.71. Following the transaction, the director owned 18,277 shares in the company, valued at $2,624,394.43. This trade represents a 16.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 106,000 shares of company stock worth $14,999,860. 0.53% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Entegris
A number of institutional investors have recently modified their holdings of ENTG. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in Entegris by 0.3% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 31,400 shares of the semiconductor company’s stock worth $2,645,000 after purchasing an additional 100 shares in the last quarter. Parvin Asset Management LLC raised its stake in Entegris by 19.2% during the first quarter. Parvin Asset Management LLC now owns 745 shares of the semiconductor company’s stock valued at $87,000 after buying an additional 120 shares in the last quarter. Lido Advisors LLC lifted its holdings in Entegris by 1.5% during the 1st quarter. Lido Advisors LLC now owns 8,542 shares of the semiconductor company’s stock worth $1,002,000 after buying an additional 125 shares during the last quarter. Northwestern Mutual Investment Management Company LLC lifted its holdings in Entegris by 0.4% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 33,918 shares of the semiconductor company’s stock worth $2,858,000 after buying an additional 127 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. grew its position in shares of Entegris by 0.3% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 44,907 shares of the semiconductor company’s stock worth $5,199,000 after acquiring an additional 128 shares in the last quarter.
Entegris Company Profile
Entegris, Inc is a leading provider of advanced materials and process control solutions for the semiconductor and other high-technology industries. The company develops and supplies a broad portfolio of products designed to ensure purity and reliability throughout the manufacturing process, helping customers address critical contamination and yield challenges.
Entegris’s product offerings include high-purity chemicals and specialty materials, liquid and gas filtration and purification systems, and sophisticated wafer and chip handling solutions.