Insider Selling: Entegris, Inc. (NASDAQ:ENTG) SVP Sells 12,652 Shares of Stock

Entegris, Inc. (NASDAQ:ENTG - Get Free Report) SVP Clinton M. Haris sold 12,652 shares of the firm's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the completion of the transaction, the senior vice president now directly owns 34,820 shares in the company, valued at $3,722,954.40. This represents a 26.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Entegris Stock Performance

ENTG traded down $1.73 on Friday, reaching $107.12. The company had a trading volume of 1,709,676 shares, compared to its average volume of 2,516,464. Entegris, Inc. has a 1 year low of $94.92 and a 1 year high of $147.57. The stock has a market capitalization of $16.18 billion, a PE ratio of 55.50, a P/E/G ratio of 1.49 and a beta of 1.24. The company has a quick ratio of 1.83, a current ratio of 2.92 and a debt-to-equity ratio of 1.14. The stock has a 50-day moving average price of $103.20 and a 200-day moving average price of $106.36.

Entegris (NASDAQ:ENTG - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates of $0.77 by $0.07. Entegris had a net margin of 9.03% and a return on equity of 13.00%. As a group, research analysts forecast that Entegris, Inc. will post 3.63 EPS for the current fiscal year.

Entegris Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.37%. Entegris's payout ratio is 20.73%.

Institutional Investors Weigh In On Entegris

Institutional investors and hedge funds have recently made changes to their positions in the business. Capital Performance Advisors LLP acquired a new position in shares of Entegris during the third quarter worth about $29,000. Quarry LP acquired a new position in shares of Entegris during the fourth quarter worth about $28,000. Blue Trust Inc. increased its stake in shares of Entegris by 221.3% during the third quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company's stock worth $39,000 after acquiring an additional 239 shares during the period. Fortitude Family Office LLC increased its stake in shares of Entegris by 195.7% during the fourth quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company's stock worth $41,000 after acquiring an additional 274 shares during the period. Finally, Covestor Ltd increased its stake in shares of Entegris by 241.8% during the third quarter. Covestor Ltd now owns 417 shares of the semiconductor company's stock worth $47,000 after acquiring an additional 295 shares during the period.

Analysts Set New Price Targets

A number of research firms have weighed in on ENTG. Mizuho decreased their target price on shares of Entegris from $125.00 to $120.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. Needham & Company LLC reissued a "buy" rating and issued a $120.00 target price on shares of Entegris in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Entegris from $145.00 to $115.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. KeyCorp decreased their target price on shares of Entegris from $150.00 to $141.00 and set an "overweight" rating on the stock in a research note on Friday, February 7th. Finally, UBS Group dropped their target price on shares of Entegris from $130.00 to $115.00 and set a "neutral" rating for the company in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Entegris presently has a consensus rating of "Moderate Buy" and an average target price of $128.78.

Entegris Company Profile

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).