Shares of Entegris (NASDAQ:ENTG) dropped 7.2% on Friday . The company traded as low as $34.15 and last traded at $34.20. Approximately 2,094,599 shares were traded during trading, an increase of 109% from the average daily volume of 1,004,556 shares. The stock had previously closed at $36.85.
ENTG has been the subject of a number of analyst reports. Craig Hallum upgraded Entegris from a “hold” rating to a “buy” rating in a report on Tuesday, February 6th. Needham & Company LLC reiterated a “buy” rating and set a $37.00 price objective (up previously from $35.00) on shares of Entegris in a report on Wednesday, February 7th. Dougherty & Co increased their price objective on Entegris from $36.00 to $37.50 and gave the company a “buy” rating in a report on Wednesday, February 7th. ValuEngine upgraded Entegris from a “hold” rating to a “buy” rating in a report on Thursday, February 8th. Finally, Zacks Investment Research upgraded Entegris from a “sell” rating to a “hold” rating and set a $34.00 price objective for the company in a report on Thursday, February 8th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $37.27.
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The company has a quick ratio of 2.99, a current ratio of 3.79 and a debt-to-equity ratio of 0.54. The firm has a market cap of $5.17 billion, a P/E ratio of 23.72, a price-to-earnings-growth ratio of 1.81 and a beta of 1.42.
Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Thursday, April 26th. The semiconductor company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.42 by $0.05. Entegris had a return on equity of 23.26% and a net margin of 7.91%. The firm had revenue of $367.20 million during the quarter, compared to analyst estimates of $358.67 million. During the same quarter in the prior year, the business posted $0.28 EPS. The business’s revenue for the quarter was up 15.7% compared to the same quarter last year. analysts expect that Entegris will post 1.79 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 23rd. Investors of record on Wednesday, May 2nd will be paid a $0.07 dividend. The ex-dividend date is Tuesday, May 1st. This represents a $0.28 dividend on an annualized basis and a yield of 0.82%. Entegris’s dividend payout ratio (DPR) is 19.44%.
In related news, SVP Gregory Bryan Marshall sold 5,464 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $33.42, for a total value of $182,606.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Corey Rucci sold 5,732 shares of the firm’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $36.43, for a total value of $208,816.76. The disclosure for this sale can be found here. Insiders sold a total of 335,754 shares of company stock valued at $11,317,780 in the last 90 days. 1.20% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the stock. Lido Advisors LLC purchased a new position in Entegris in the 1st quarter worth $229,000. Zeke Capital Advisors LLC acquired a new stake in Entegris during the 4th quarter worth about $203,000. CAPROCK Group Inc. acquired a new stake in Entegris during the 4th quarter worth about $220,000. First Republic Investment Management Inc. acquired a new stake in Entegris during the 1st quarter worth about $247,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Entegris by 50.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,016 shares of the semiconductor company’s stock worth $244,000 after purchasing an additional 2,692 shares during the period. Institutional investors own 95.51% of the company’s stock.
About Entegris
Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries worldwide. It operates through three segments: Specialty Chemicals and Engineered Materials (SCEM), Microcontamination Control (MC), and Advanced Materials Handling (AMH).
