Entegris (NASDAQ:ENTG) Sets New 1-Year High – Here’s Why

by · The Markets Daily

Shares of Entegris, Inc. (NASDAQ:ENTG – Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as $122.99 and last traded at $123.74, with a volume of 18442 shares trading hands. The stock had previously closed at $120.41.

Analysts Set New Price Targets

ENTG has been the topic of several research analyst reports. Wall Street Zen raised shares of Entegris from a “sell” rating to a “hold” rating in a report on Friday, October 3rd. BMO Capital Markets increased their price target on Entegris from $105.00 to $126.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. KeyCorp raised their price target on shares of Entegris from $107.00 to $111.00 and gave the company an “overweight” rating in a research note on Friday, January 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Entegris in a research report on Monday, December 29th. Finally, Zacks Research raised shares of Entegris from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 30th. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $111.00.

Read Our Latest Analysis on ENTG

Entegris Trading Down 2.5%

The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.13 and a current ratio of 3.44. The stock has a market cap of $18.13 billion, a P/E ratio of 63.28 and a beta of 1.31. The stock has a 50-day moving average price of $94.40 and a 200-day moving average price of $89.11.

Entegris (NASDAQ:ENTG – Get Free Report) last released its quarterly earnings results on Thursday, October 30th. The semiconductor company reported $0.72 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.72. The business had revenue of $807.10 million for the quarter, compared to the consensus estimate of $804.63 million. Entegris had a return on equity of 11.61% and a net margin of 8.95%.The company’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the business posted $0.77 earnings per share. On average, equities research analysts expect that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 18th. Shareholders of record on Wednesday, January 28th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, January 28th. This represents a $0.40 annualized dividend and a yield of 0.3%. Entegris’s dividend payout ratio is presently 21.16%.

Insider Buying and Selling

In related news, Director James P. Lederer sold 2,008 shares of the business’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $92.84, for a total transaction of $186,422.72. Following the transaction, the director owned 20,434 shares in the company, valued at $1,897,092.56. The trade was a 8.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Clinton M. Haris sold 5,830 shares of the firm’s stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $120.00, for a total value of $699,600.00. Following the completion of the sale, the senior vice president directly owned 37,743 shares of the company’s stock, valued at $4,529,160. The trade was a 13.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 69,473 shares of company stock valued at $5,666,033 over the last ninety days. Corporate insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its holdings in Entegris by 16.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,234 shares of the semiconductor company’s stock worth $627,000 after acquiring an additional 1,046 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Entegris by 4.9% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 230,584 shares of the semiconductor company’s stock worth $18,597,000 after buying an additional 10,684 shares in the last quarter. Hilltop National Bank purchased a new position in shares of Entegris in the 2nd quarter valued at approximately $95,000. Phraction Management LLC increased its stake in shares of Entegris by 32.7% in the second quarter. Phraction Management LLC now owns 90,969 shares of the semiconductor company’s stock worth $7,337,000 after acquiring an additional 22,435 shares during the period. Finally, DAVENPORT & Co LLC grew its position in shares of Entegris by 1.3% during 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.

Entegris Company Profile

(Get Free Report)

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.

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