Entegris (NASDAQ:ENTG) Downgraded by StockNews.com to "Sell"

StockNews.com downgraded shares of Entegris (NASDAQ:ENTG - Free Report) from a hold rating to a sell rating in a report published on Saturday.

Several other equities research analysts have also weighed in on the company. Needham & Company LLC restated a "buy" rating and issued a $120.00 target price on shares of Entegris in a report on Friday, February 7th. KeyCorp dropped their price target on Entegris from $141.00 to $130.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Finally, Mizuho dropped their price target on Entegris from $125.00 to $120.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Entegris currently has an average rating of "Moderate Buy" and an average price target of $123.50.

Entegris Trading Up 7.4 %

ENTG traded up $5.16 during trading on Friday, reaching $74.49. The company had a trading volume of 136,371 shares, compared to its average volume of 2,297,310. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08. Entegris has a 12-month low of $60.75 and a 12-month high of $147.57. The firm's 50-day simple moving average is $89.24 and its 200 day simple moving average is $99.03. The company has a market cap of $11.27 billion, a price-to-earnings ratio of 38.60, a PEG ratio of 1.50 and a beta of 1.36.

Entegris (NASDAQ:ENTG - Get Free Report) last released its earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.07. Entegris had a return on equity of 12.83% and a net margin of 9.03%. Equities research analysts anticipate that Entegris will post 3.51 earnings per share for the current year.

Entegris Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Wednesday, April 30th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend is Wednesday, April 30th. Entegris's dividend payout ratio (DPR) is presently 20.73%.

Insider Transactions at Entegris

In other Entegris news, SVP Olivier Blachier sold 984 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $108.00, for a total transaction of $106,272.00. Following the completion of the sale, the senior vice president now directly owns 10,903 shares in the company, valued at approximately $1,177,524. This trade represents a 8.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Clinton M. Haris sold 12,652 shares of Entegris stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $106.92, for a total value of $1,352,751.84. Following the completion of the sale, the senior vice president now owns 34,820 shares of the company's stock, valued at approximately $3,722,954.40. The trade was a 26.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Quarry LP bought a new position in Entegris in the 4th quarter worth about $28,000. Central Pacific Bank Trust Division lifted its holdings in shares of Entegris by 125.7% in the 1st quarter. Central Pacific Bank Trust Division now owns 307 shares of the semiconductor company's stock worth $27,000 after acquiring an additional 171 shares during the last quarter. Neo Ivy Capital Management bought a new stake in shares of Entegris in the 4th quarter worth approximately $34,000. Fortitude Family Office LLC raised its holdings in Entegris by 195.7% during the 4th quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company's stock valued at $41,000 after buying an additional 274 shares during the last quarter. Finally, Curat Global LLC bought a new stake in Entegris during the 1st quarter valued at $39,000.

About Entegris

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).