Olivier Blachier Sells 984 Shares of Entegris, Inc. (NASDAQ:ENTG) Stock

Entegris, Inc. (NASDAQ:ENTG) SVP Olivier Blachier sold 984 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $108.00, for a total transaction of $106,272.00. Following the completion of the sale, the senior vice president now owns 10,903 shares in the company, valued at approximately $1,177,524. The trade was a 8.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Entegris Stock Down 1.0 %

NASDAQ:ENTG opened at $101.26 on Wednesday. The firm has a market capitalization of $15.30 billion, a P/E ratio of 52.47, a PEG ratio of 1.50 and a beta of 1.24. Entegris, Inc. has a 1-year low of $94.92 and a 1-year high of $147.57. The company’s fifty day moving average price is $102.84 and its 200-day moving average price is $106.37. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.08 and a quick ratio of 1.86.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.07. Entegris had a net margin of 9.03% and a return on equity of 12.83%. As a group, equities research analysts anticipate that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were given a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.40%. Entegris’s dividend payout ratio (DPR) is 20.73%.

Hedge Funds Weigh In On Entegris

Institutional investors and hedge funds have recently bought and sold shares of the business. Mountaineer Partners Management LLC increased its stake in Entegris by 16,255.1% during the 3rd quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company’s stock worth $1,242,848,000 after buying an additional 10,977,064 shares during the period. Norges Bank purchased a new stake in Entegris during the 4th quarter worth approximately $445,988,000. Price T Rowe Associates Inc. MD increased its stake in Entegris by 33.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,194,612 shares of the semiconductor company’s stock worth $1,108,940,000 after buying an additional 2,826,463 shares during the period. D1 Capital Partners L.P. increased its stake in Entegris by 329.4% during the 4th quarter. D1 Capital Partners L.P. now owns 2,752,902 shares of the semiconductor company’s stock worth $272,702,000 after buying an additional 2,111,801 shares during the period. Finally, Deutsche Bank AG increased its stake in Entegris by 434.1% during the 4th quarter. Deutsche Bank AG now owns 1,470,162 shares of the semiconductor company’s stock worth $145,634,000 after buying an additional 1,194,903 shares during the period.

Analyst Ratings Changes

ENTG has been the topic of several research analyst reports. Craig Hallum decreased their price target on shares of Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. BMO Capital Markets decreased their price target on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. KeyCorp decreased their price target on shares of Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a research note on Friday, February 7th. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price target on shares of Entegris in a research note on Friday, February 7th. Finally, Mizuho decreased their price target on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Entegris currently has an average rating of “Moderate Buy” and an average price target of $128.78.

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).