James Lederer Sells 2,008 Shares of Entegris (NASDAQ:ENTG) Stock

Entegris, Inc. (NASDAQ:ENTG) Director James Lederer sold 2,008 shares of Entegris stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $92.84, for a total value of $186,422.72. Following the sale, the director directly owned 20,434 shares in the company, valued at approximately $1,897,092.56. This trade represents a 8.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Entegris Trading Down 3.6%

Entegris stock opened at $92.55 on Friday. The business has a 50 day moving average price of $86.30 and a two-hundred day moving average price of $84.21. The company has a quick ratio of 2.13, a current ratio of 3.44 and a debt-to-equity ratio of 0.99. Entegris, Inc. has a 12 month low of $60.75 and a 12 month high of $112.36. The stock has a market cap of $14.03 billion, a price-to-earnings ratio of 48.97 and a beta of 1.32.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Wednesday, July 6th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter. The business had revenue of $512.84 million for the quarter. Entegris had a return on equity of 11.61% and a net margin of 8.95%. As a group, equities analysts forecast that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Stockholders of record on Wednesday, October 29th were paid a $0.10 dividend. The ex-dividend date was Wednesday, October 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. Entegris’s dividend payout ratio is currently 21.16%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Oppenheimer assumed coverage on shares of Entegris in a research report on Thursday, September 4th. They set a “market perform” rating and a $95.00 target price on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Entegris in a research note on Monday, December 1st. Zacks Research lowered Entegris from a “hold” rating to a “strong sell” rating in a research note on Monday, November 3rd. Mizuho dropped their target price on Entegris from $108.00 to $96.00 and set an “outperform” rating for the company in a report on Thursday, November 20th. Finally, Wall Street Zen raised Entegris from a “sell” rating to a “hold” rating in a research note on Friday, October 3rd. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Entegris has a consensus rating of “Hold” and a consensus price target of $95.86.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. boosted its position in Entegris by 3.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,123,961 shares of the semiconductor company’s stock valued at $98,324,000 after buying an additional 33,148 shares during the last quarter. Invesco Ltd. boosted its holdings in Entegris by 30.3% in the first quarter. Invesco Ltd. now owns 347,315 shares of the semiconductor company’s stock valued at $30,383,000 after acquiring an additional 80,734 shares during the last quarter. Nuveen LLC acquired a new stake in Entegris in the first quarter worth about $31,352,000. Public Sector Pension Investment Board acquired a new stake in Entegris in the first quarter worth about $700,000. Finally, HighTower Advisors LLC lifted its position in Entegris by 0.8% during the 1st quarter. HighTower Advisors LLC now owns 28,980 shares of the semiconductor company’s stock valued at $2,535,000 after purchasing an additional 226 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).