Entegris (NASDAQ:ENTG) Insider Bertrand Loy Sells 65,250 Shares

Entegris, Inc. (NASDAQ:ENTG) insider Bertrand Loy sold 65,250 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $119.61, for a total transaction of $7,804,552.50. Following the transaction, the insider directly owned 306,422 shares in the company, valued at approximately $36,651,135.42. The trade was a 17.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Bertrand Loy also recently made the following trade(s):

• On Monday, December 1st, Bertrand Loy sold 57,570 shares of Entegris stock. The stock was sold at an average price of $76.88, for a total transaction of $4,425,981.60.

Entegris Trading Down 1.1%

Shares of ENTG opened at $112.41 on Thursday. Entegris, Inc. has a 1-year low of $60.75 and a 1-year high of $124.00. The firm has a market capitalization of $17.04 billion, a price-to-earnings ratio of 59.48 and a beta of 1.33. The firm’s 50-day moving average price is $97.74 and its 200-day moving average price is $89.89. The company has a current ratio of 3.44, a quick ratio of 2.13 and a debt-to-equity ratio of 0.99.

Entegris Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 18th. Stockholders of record on Wednesday, January 28th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Wednesday, January 28th. Entegris’s dividend payout ratio (DPR) is presently 21.16%.

Analyst Ratings Changes

ENTG has been the subject of a number of research reports. Zacks Research upgraded Entegris from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 30th. Citigroup increased their price target on shares of Entegris from $100.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. UBS Group reissued a “buy” rating and set a $150.00 price target on shares of Entegris in a research report on Monday. Weiss Ratings restated a “hold (c)” rating on shares of Entegris in a report on Monday, December 29th. Finally, Needham & Company LLC reiterated a “strong-buy” rating on shares of Entegris in a report on Tuesday, January 20th. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $117.00.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ENTG. Vanguard Group Inc. grew its holdings in shares of Entegris by 2.8% during the third quarter. Vanguard Group Inc. now owns 16,017,716 shares of the semiconductor company’s stock valued at $1,480,998,000 after buying an additional 443,518 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its position in Entegris by 5.8% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,457,925 shares of the semiconductor company’s stock valued at $689,560,000 after acquiring an additional 412,121 shares in the last quarter. Capital Research Global Investors purchased a new stake in Entegris during the 3rd quarter valued at $644,841,000. Principal Financial Group Inc. increased its holdings in shares of Entegris by 10.1% in the 3rd quarter. Principal Financial Group Inc. now owns 5,876,271 shares of the semiconductor company’s stock worth $543,325,000 after purchasing an additional 540,755 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Entegris by 1.2% in the third quarter. State Street Corp now owns 5,090,627 shares of the semiconductor company’s stock worth $470,679,000 after purchasing an additional 62,619 shares during the last quarter.

Entegris Company Profile

Entegris, Inc is a leading provider of advanced materials and process control solutions for the semiconductor and other high-technology industries. The company develops and supplies a broad portfolio of products designed to ensure purity and reliability throughout the manufacturing process, helping customers address critical contamination and yield challenges.

Entegris’s product offerings include high-purity chemicals and specialty materials, liquid and gas filtration and purification systems, and sophisticated wafer and chip handling solutions.