Entegris (NASDAQ:ENTG) Sees Unusually-High Trading Volume - Should You Buy?

Shares of Entegris, Inc. (NASDAQ:ENTG - Get Free Report) saw an uptick in trading volume on Monday . 2,716,367 shares traded hands during trading, an increase of 41% from the previous session's volume of 1,925,132 shares.The stock last traded at $99.56 and had previously closed at $96.35.

Analysts Set New Price Targets

A number of research firms have issued reports on ENTG. KeyCorp decreased their price target on shares of Entegris from $150.00 to $141.00 and set an "overweight" rating for the company in a report on Friday, February 7th. Mizuho dropped their target price on shares of Entegris from $125.00 to $120.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 7th. StockNews.com downgraded Entegris from a "hold" rating to a "sell" rating in a research report on Monday. Finally, Needham & Company LLC reissued a "buy" rating and set a $120.00 price objective on shares of Entegris in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $124.88.

Entegris Stock Performance

The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $13.37 billion, a price-to-earnings ratio of 45.80, a price-to-earnings-growth ratio of 1.50 and a beta of 1.32. The stock's 50-day simple moving average is $101.69 and its 200 day simple moving average is $104.33.

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

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend was Wednesday, January 29th. Entegris's dividend payout ratio (DPR) is presently 20.73%.

Insider Activity at Entegris

In other news, SVP Olivier Blachier sold 984 shares of Entegris stock in a transaction that occurred on Friday, February 21st. The shares were 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 owns 10,903 shares in the company, valued at $1,177,524. The trade was a 8.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Clinton M. Haris sold 12,652 shares of the stock in a transaction that occurred on 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 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 disclosure for this sale can be found here. 0.67% of the stock is owned by company insiders.

Institutional Investors Weigh In On Entegris

Hedge funds have recently bought and sold shares of the company. Mountaineer Partners Management LLC lifted its position in Entegris by 16,255.1% in the 3rd quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company's stock valued at $1,242,848,000 after acquiring an additional 10,977,064 shares in the last quarter. Norges Bank acquired a new stake in Entegris in the 4th quarter valued at approximately $445,988,000. Price T Rowe Associates Inc. MD lifted its stake in Entegris by 33.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,194,612 shares of the semiconductor company's stock valued at $1,108,940,000 after acquiring an additional 2,826,463 shares in the last quarter. D1 Capital Partners L.P. boosted its position in Entegris by 329.4% during the 4th quarter. D1 Capital Partners L.P. now owns 2,752,902 shares of the semiconductor company's stock worth $272,702,000 after acquiring an additional 2,111,801 shares during the last quarter. Finally, Deutsche Bank AG grew its stake in shares of Entegris by 434.1% during the 4th quarter. Deutsche Bank AG now owns 1,470,162 shares of the semiconductor company's stock worth $145,634,000 after acquiring an additional 1,194,903 shares in the last quarter.

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).