Entegris, Inc. (NASDAQ:ENTG) CEO Bertrand Loy Sells 27,044 Shares

Entegris, Inc. (NASDAQ:ENTGGet Free Report) CEO Bertrand Loy sold 27,044 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $140.63, for a total value of $3,803,197.72. Following the completion of the sale, the chief executive officer now owns 263,068 shares of the company’s stock, valued at approximately $36,995,252.84. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Entegris Stock Up 2.5 %

ENTG stock opened at $143.77 on Thursday. Entegris, Inc. has a twelve month low of $84.13 and a twelve month high of $146.91. The company has a quick ratio of 2.02, a current ratio of 3.35 and a debt-to-equity ratio of 1.22. The firm has a market cap of $21.68 billion, a PE ratio of 69.12, a price-to-earnings-growth ratio of 1.61 and a beta of 1.25. The business has a 50 day moving average of $133.09 and a 200 day moving average of $130.15.

Entegris (NASDAQ:ENTGGet Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.07. Entegris had a return on equity of 11.94% and a net margin of 9.31%. The company had revenue of $771.03 million during the quarter, compared to analyst estimates of $769.24 million. During the same quarter last year, the company earned $0.65 EPS. The firm’s revenue for the quarter was down 16.4% on a year-over-year basis. On average, research analysts forecast that Entegris, Inc. will post 3.25 EPS for the current fiscal year.

Entegris Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 1st were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date of this dividend was Tuesday, April 30th. Entegris’s payout ratio is 19.23%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Needham & Company LLC reiterated a “buy” rating and issued a $150.00 price objective on shares of Entegris in a report on Monday, May 13th. Mizuho raised their target price on Entegris from $140.00 to $143.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $160.00 target price on shares of Entegris in a research note on Wednesday, June 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Entegris presently has a consensus rating of “Moderate Buy” and an average price target of $149.80.

Get Our Latest Report on Entegris

Institutional Trading of Entegris

A number of institutional investors and hedge funds have recently modified their holdings of ENTG. Seven Eight Capital LP bought a new stake in shares of Entegris in the 3rd quarter worth $377,000. Tudor Investment Corp Et Al increased its holdings in shares of Entegris by 293.1% in the 3rd quarter. Tudor Investment Corp Et Al now owns 65,369 shares of the semiconductor company’s stock worth $6,139,000 after purchasing an additional 48,741 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in shares of Entegris by 61.4% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 6,753 shares of the semiconductor company’s stock worth $634,000 after purchasing an additional 2,569 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Entegris by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 14,452,886 shares of the semiconductor company’s stock worth $1,357,271,000 after purchasing an additional 107,989 shares in the last quarter. Finally, Anchor Investment Management LLC bought a new stake in shares of Entegris in the 4th quarter worth $413,000.

Entegris Company Profile

(Get Free Report)

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).

Further Reading

Insider Buying and Selling by Quarter for Entegris (NASDAQ:ENTG)

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