Insider Selling: Entegris, Inc. (NASDAQ:ENTG) SVP Sells 984 Shares of Stock

Entegris, Inc. (NASDAQ:ENTG - Get Free Report) 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 transaction, the senior vice president now owns 10,903 shares of the company's stock, valued at $1,177,524. This represents a 8.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Entegris Trading Up 3.8 %

NASDAQ:ENTG traded up $3.74 during mid-day trading on Friday, reaching $101.22. 5,501,290 shares of the company's stock traded hands, compared to its average volume of 2,430,576. The company has a 50 day moving average price of $102.85 and a 200-day moving average price of $106.29. The firm has a market capitalization of $15.30 billion, a price-to-earnings ratio of 52.45, a PEG ratio of 1.50 and a beta of 1.24. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.08 and a quick ratio of 1.86. Entegris, Inc. has a 12-month low of $94.92 and a 12-month high of $147.57.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its earnings results on Thursday, February 6th. The semiconductor company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.77 by $0.07. Entegris had a net margin of 9.03% and a return on equity of 12.83%. On average, sell-side analysts predict that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ENTG shares. Mizuho reduced their price target on Entegris from $125.00 to $120.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. BMO Capital Markets reduced their price target on shares of Entegris from $145.00 to $135.00 and set an "outperform" rating for the company in a research report on Tuesday, November 5th. Craig Hallum decreased their price objective on shares of Entegris from $150.00 to $130.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lowered their price target on Entegris from $145.00 to $115.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. Finally, Citigroup decreased their price target on shares of Entegris from $130.00 to $123.00 and set a "buy" rating on the stock in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Entegris has an average rating of "Moderate Buy" and an average price target of $128.78.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in Entegris by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 15,202,146 shares of the semiconductor company's stock worth $1,505,925,000 after purchasing an additional 169,180 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of 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 worth $1,108,940,000 after purchasing an additional 2,826,463 shares in the last quarter. Mountaineer Partners Management LLC boosted its position in shares of 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 worth $1,242,848,000 after purchasing an additional 10,977,064 shares in the last quarter. Norges Bank purchased a new stake in shares of Entegris in the 4th quarter worth approximately $445,988,000. Finally, D1 Capital Partners L.P. increased 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 valued at $272,702,000 after buying an additional 2,111,801 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).