Entegris, Inc. (NASDAQ:ENTG) Short Interest Update

Entegris, Inc. (NASDAQ:ENTG) saw a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 7,950,000 shares, a growth of 20.3% from the January 31st total of 6,610,000 shares. Based on an average daily trading volume, of 2,140,000 shares, the short-interest ratio is presently 3.7 days.

Insider Transactions at Entegris

In other news, SVP Olivier Blachier sold 984 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president now directly owns 10,903 shares of the company’s stock, valued at $1,177,524. This represents a 8.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Clinton M. Haris sold 12,652 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $106.92, for a total value of $1,352,751.84. Following the transaction, the senior vice president now directly owns 34,820 shares of the company’s stock, valued at $3,722,954.40. This represents a 26.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is owned by insiders.

Institutional Investors Weigh In On Entegris

Large investors have recently added to or reduced their stakes in the stock. Mountaineer Partners Management LLC boosted its holdings in shares of Entegris by 16,255.1% in the 3rd quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company’s stock valued at $1,242,848,000 after purchasing an additional 10,977,064 shares in the last quarter. Norges Bank bought a new stake in Entegris during the 4th quarter worth $445,988,000. Price T Rowe Associates Inc. MD grew its position 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 acquiring an additional 2,826,463 shares during the last quarter. D1 Capital Partners L.P. grew its position 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 acquiring an additional 2,111,801 shares during the last quarter. Finally, Deutsche Bank AG grew its position 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 acquiring an additional 1,194,903 shares during the last quarter.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ENTG shares. KeyCorp dropped their target price on Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. Mizuho dropped their price objective on Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Needham & Company LLC restated a “buy” rating and issued a $120.00 price objective on shares of Entegris in a research note on Friday, February 7th. Finally, StockNews.com lowered Entegris from a “hold” rating to a “sell” rating in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.88.

Entegris Price Performance

Shares of NASDAQ ENTG opened at $102.93 on Friday. The firm has a market cap of $15.56 billion, a P/E ratio of 53.33, a price-to-earnings-growth ratio of 1.50 and a beta of 1.24. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08. Entegris has a 1-year low of $94.92 and a 1-year high of $147.57. The business’s 50 day moving average is $102.64 and its 200-day moving average is $105.95.

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

Entegris Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date was Wednesday, January 29th. Entegris’s dividend payout ratio is currently 20.73%.

About Entegris

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).