Entegris (NASDAQ:ENTG) Shares Gap Up - Here's Why

Shares of Entegris, Inc. (NASDAQ:ENTG - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $97.48, but opened at $103.83. Entegris shares last traded at $101.45, with a volume of 312,446 shares traded.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. UBS Group reduced their price objective on Entegris from $130.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, November 5th. Mizuho reduced their price objective on Entegris from $125.00 to $120.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft reduced their price objective on Entegris from $145.00 to $115.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. KeyCorp reduced their price objective on Entegris from $150.00 to $141.00 and set an "overweight" rating for the company in a research report on Friday, February 7th. Finally, Craig Hallum reduced their price objective on Entegris from $150.00 to $130.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $124.88.

Entegris Stock Up 1.8 %

The firm has a market cap of $14.86 billion, a P/E ratio of 50.96, a price-to-earnings-growth ratio of 1.50 and a beta of 1.24. 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 firm has a fifty day moving average of $102.69 and a 200-day moving average of $106.02.

Entegris (NASDAQ:ENTG - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) 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%. On average, equities research analysts anticipate that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were paid a $0.10 dividend. The ex-dividend date was Wednesday, January 29th. This represents a $0.40 annualized dividend and a yield of 0.41%. Entegris's dividend payout ratio is 20.73%.

Insider Buying and Selling at Entegris

In other news, SVP Olivier Blachier sold 984 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $108.00, for a total transaction of $106,272.00. Following the transaction, the senior vice president now owns 10,903 shares in the company, valued at approximately $1,177,524. This trade represents a 8.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $106.92, for a total value of $1,352,751.84. Following the transaction, the senior vice president now owns 34,820 shares in the company, valued at approximately $3,722,954.40. This trade 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

Large investors have recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new position in shares of Entegris during the third quarter worth approximately $29,000. Quarry LP bought a new position in shares of Entegris during the fourth quarter worth approximately $28,000. Neo Ivy Capital Management bought a new position in shares of Entegris during the fourth quarter worth approximately $34,000. Fortitude Family Office LLC grew its position in 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 buying an additional 274 shares in the last quarter. Finally, Covestor Ltd grew its position in Entegris by 241.8% during the third quarter. Covestor Ltd now owns 417 shares of the semiconductor company's stock worth $47,000 after buying an additional 295 shares in the last quarter.

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).