Entegris (NASDAQ:ENTG) Shares Gap Down - Should You Sell?

Entegris, Inc. (NASDAQ:ENTG - Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $72.10, but opened at $68.74. Entegris shares last traded at $69.63, with a volume of 206,192 shares.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Mizuho decreased their price target on Entegris from $125.00 to $120.00 and set an "outperform" rating for the company in a research note on Tuesday, January 7th. KeyCorp reduced their price objective on Entegris from $141.00 to $130.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. StockNews.com lowered Entegris from a "hold" rating to a "sell" rating in a research report on Saturday. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $120.00 price target on shares of Entegris in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $123.50.

Entegris Trading Down 1.8 %

The company has a market cap of $10.22 billion, a PE ratio of 34.98, a PEG ratio of 1.50 and a beta of 1.36. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08. The company has a 50 day simple moving average of $90.83 and a two-hundred day simple moving average of $99.55.

Entegris (NASDAQ:ENTG - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 EPS 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 12.83%. Sell-side analysts forecast that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Investors of record on Wednesday, April 30th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.59%. Entegris's payout ratio is 20.73%.

Insider Buying and Selling at Entegris

In other Entegris news, SVP Olivier Blachier sold 984 shares of the business's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $108.00, for a total value of $106,272.00. Following the completion of the sale, the senior vice president now directly owns 10,903 shares of the company's stock, valued at $1,177,524. The trade was a 8.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Clinton M. Haris sold 12,652 shares of the firm's stock in a transaction 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 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 position. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company's stock.

Hedge Funds Weigh In On Entegris

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

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).