Entegris (NASDAQ:ENTG) Rating Lowered to "Sell" at StockNews.com

StockNews.com lowered shares of Entegris (NASDAQ:ENTG - Free Report) from a hold rating to a sell rating in a research note published on Monday.

Other equities research analysts have also recently issued research reports about the stock. KeyCorp cut their price objective on shares of Entegris from $150.00 to $141.00 and set an "overweight" rating for the company in a research note on Friday, February 7th. Mizuho cut their price target on shares of Entegris from $125.00 to $120.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $120.00 price objective on shares of Entegris in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $124.88.

Entegris Price Performance

ENTG stock traded down $4.04 during mid-day trading on Monday, reaching $88.50. 715,441 shares of the company traded hands, compared to its average volume of 2,075,781. Entegris has a 52-week low of $88.54 and a 52-week high of $147.57. The company has a market capitalization of $13.39 billion, a P/E ratio of 46.15, a P/E/G ratio of 1.50 and a beta of 1.32. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.08 and a quick ratio of 1.86. The company has a fifty day moving average price of $101.69 and a 200-day moving average price of $104.33.

Remove Ads

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 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%. As a group, analysts anticipate that Entegris will post 3.51 earnings per share for the current year.

Entegris Announces Dividend

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

Insiders Place Their Bets

In related news, SVP Clinton M. Haris sold 12,652 shares of Entegris stock in a transaction dated 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 directly owns 34,820 shares of the company's stock, valued at $3,722,954.40. This trade represents a 26.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Olivier Blachier sold 984 shares of the company's 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 owns 10,903 shares in the company, valued at approximately $1,177,524. This trade represents a 8.28 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.67% of the company's stock.

Institutional Trading of Entegris

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC grew its stake in shares of Entegris by 2.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,596 shares of the semiconductor company's stock worth $852,000 after acquiring an additional 203 shares during the last quarter. Siemens Fonds Invest GmbH bought a new position in Entegris in the 4th quarter worth about $3,351,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Entegris during the 4th quarter valued at about $12,140,000. Polar Asset Management Partners Inc. increased its stake in Entegris by 192.0% during the 4th quarter. Polar Asset Management Partners Inc. now owns 153,900 shares of the semiconductor company's stock valued at $15,245,000 after purchasing an additional 101,200 shares in the last quarter. Finally, Forum Financial Management LP purchased a new position in Entegris in the fourth quarter worth about $274,000.

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).