Entegris, Inc. (NASDAQ:ENTG) SVP Stuart Tison sold 3,814 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $31.00, for a total value of $118,234.00. Following the completion of the transaction, the senior vice president now owns 81,943 shares in the company, valued at approximately $2,540,233. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Entegris, Inc. (NASDAQ ENTG) opened at $30.95 on Wednesday. Entegris, Inc. has a 12-month low of $17.10 and a 12-month high of $33.05. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.14 and a quick ratio of 2.43. The stock has a market capitalization of $4,482.27, a PE ratio of 24.96, a price-to-earnings-growth ratio of 2.05 and a beta of 1.56.
Entegris (NASDAQ:ENTG) last released its earnings results on Thursday, October 26th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.06. Entegris had a return on equity of 18.82% and a net margin of 10.73%. The firm had revenue of $345.60 million for the quarter, compared to analysts’ expectations of $334.30 million. During the same quarter in the previous year, the business posted $0.24 earnings per share. The business’s revenue for the quarter was up 16.5% on a year-over-year basis. equities research analysts forecast that Entegris, Inc. will post 1.37 EPS for the current year.
The company also recently declared a special dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 1st will be paid a dividend of $0.07 per share. The ex-dividend date is Tuesday, October 31st. Entegris’s payout ratio is 7.22%.
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Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Entegris by 2.2% during the second quarter. Vanguard Group Inc. now owns 11,453,733 shares of the semiconductor company’s stock valued at $251,409,000 after purchasing an additional 244,694 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Entegris by 15.8% during the second quarter. BlackRock Inc. now owns 11,450,690 shares of the semiconductor company’s stock valued at $251,344,000 after purchasing an additional 1,564,866 shares in the last quarter. FMR LLC boosted its stake in shares of Entegris by 54.8% during the second quarter. FMR LLC now owns 3,904,882 shares of the semiconductor company’s stock valued at $85,712,000 after purchasing an additional 1,381,882 shares in the last quarter. State Street Corp boosted its stake in shares of Entegris by 5.7% during the second quarter. State Street Corp now owns 2,842,071 shares of the semiconductor company’s stock valued at $62,383,000 after purchasing an additional 152,890 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Entegris by 9.3% during the third quarter. Victory Capital Management Inc. now owns 2,478,586 shares of the semiconductor company’s stock valued at $71,507,000 after purchasing an additional 211,759 shares in the last quarter. 95.26% of the stock is currently owned by hedge funds and other institutional investors.
ENTG has been the topic of a number of recent analyst reports. Citigroup Inc. raised their price target on Entegris from $29.00 to $34.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. upgraded Entegris from a “hold” rating to a “strong-buy” rating and set a $30.00 price target on the stock in a research report on Monday, July 31st. cut Entegris from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. KeyCorp restated an “outperform” rating and issued a $30.00 price target on shares of Entegris in a research report on Saturday, September 16th. Finally, raised their price target on Entegris from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $32.10.
Entegris, Inc is a global developer, manufacturer and supplier of microcontamination control products, specialty chemicals and materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries. The Company operates in three business segments: Specialty Chemicals and Engineered Materials (SCEM), Advanced Materials Handling (AMH) and Microcontamination Control (MC).
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