Entegris (NASDAQ:ENTG) Stock Breaks Below 200-Day Moving Average – Here’s Why

Entegris, Inc. (NASDAQ:ENTG) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $138.52 and traded as low as $124.14. Entegris shares last traded at $124.75, with a volume of 9,100,811 shares traded.

Analysts Set New Price Targets

ENTG has been the subject of several analyst reports. Zacks Research raised Entegris from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Wall Street Zen downgraded Entegris from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Barclays boosted their target price on Entegris from $212.00 to $224.00 and gave the company an “overweight” rating in a research report on Friday, October 30th. Needham & Company LLC increased their price target on Entegris from $170.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, October 29th. Finally, The Goldman Sachs Group raised their price target on Entegris from $120.00 to $135.00 and gave the stock a “sell” rating in a research report on Friday, October 30th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $187.17.

Entegris Price Performance

The company has a current ratio of 2.66, a quick ratio of 1.59 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $19.56 billion, a PE ratio of 49.99, a price-to-earnings-growth ratio of 1.21 and a beta of 1.39. The stock’s 50-day moving average is $146.15 and its two-hundred day moving average is $138.59.

Entegris (NASDAQ:ENTG) last announced its earnings results on Thursday, October 29th. The semiconductor company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.20. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $925.35 million. Entegris had a return on equity of 13.86% and a net margin of 11.14%. The company’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.72 earnings per share. On average, equities analysts predict that Entegris, Inc. will post 4.38 EPS for the current year.

Entegris Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 18th. Investors of record on Wednesday, October 28th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, October 28th. This represents a $0.40 annualized dividend and a yield of 0.3%. Entegris’s dividend payout ratio is 15.62%.

Insiders Place Their Bets

In other Entegris news, SVP Joseph Colella sold 3,916 shares of the firm’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $164.48, for a total transaction of $644,103.68. Following the transaction, the senior vice president owned 50,297 shares of the company’s stock, valued at approximately $8,272,850.56. This trade represents a 7.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Olivier Blachier sold 2,000 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $160.66, for a total transaction of $321,320.00. Following the transaction, the insider directly owned 34,997 shares in the company, valued at $5,622,618.02. This trade represents a 5.41% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 7,978 shares of company stock worth $1,273,734 in the last ninety days. 0.53% of the stock is owned by company insiders.

Hedge Funds Weigh In On Entegris

Several institutional investors have recently bought and sold shares of the business. Fulcrum Asset Management LLP purchased a new stake in Entegris during the third quarter worth $25,000. Ancora Advisors LLC bought a new stake in Entegris during the second quarter valued at about $31,000. Transamerica Financial Advisors LLC bought a new stake in Entegris during the second quarter valued at about $32,000. Boit C F David purchased a new position in Entegris in the third quarter valued at about $32,000. Finally, Millstone Evans Group LLC grew its stake in Entegris by 191.3% in the first quarter. Millstone Evans Group LLC now owns 268 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 176 shares during the last quarter.

Entegris Company Profile

Entegris, Inc supplies advanced materials and process solutions used in semiconductor manufacturing and other high-technology industries. Its products help customers control contamination and manage materials throughout complex manufacturing processes.

The company’s offerings include specialty chemicals and gases, filtration and purification systems, fluid and gas handling products, and wafer handling and storage solutions. Entegris also provides related services and technologies designed to support the production of semiconductor devices and other advanced products.

Entegris serves customers around the world, with operations and support across the Americas, Asia and Europe.