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

Entegris, Inc. (NASDAQ:ENTG) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 12,290,000 shares, an increase of 55.6% from the February 28th total of 7,900,000 shares. Currently, 8.2% of the company’s stock are short sold. Based on an average daily volume of 2,860,000 shares, the short-interest ratio is presently 4.3 days.

Entegris Price Performance

Shares of NASDAQ:ENTG traded down $1.57 during midday trading on Monday, hitting $87.17. 1,286,497 shares of the stock were exchanged, compared to its average volume of 2,085,646. Entegris has a twelve month low of $84.69 and a twelve month high of $147.57. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08. The company has a 50 day moving average price of $101.34 and a 200-day moving average price of $104.15. The stock has a market cap of $13.19 billion, a P/E ratio of 45.38, a PEG ratio of 1.50 and a beta of 1.32.

Entegris (NASDAQ:ENTG) last released its quarterly earnings results 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 return on equity of 12.83% and a net margin of 9.03%. On average, research analysts forecast that Entegris will post 3.51 earnings per share for the current year.

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend was Wednesday, January 29th. Entegris’s dividend payout ratio is presently 20.73%.

Insider Activity at Entegris

In related news, SVP Clinton M. Haris sold 12,652 shares of Entegris stock in a transaction on Monday, February 10th. The shares were 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 in the company, valued at $3,722,954.40. This trade represents a 26.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Olivier Blachier sold 984 shares of the company’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 transaction, the senior vice president now owns 10,903 shares of the company’s stock, valued at approximately $1,177,524. The trade was a 8.28 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Quarry LP purchased a new stake in shares of Entegris in the fourth quarter valued at $28,000. Neo Ivy Capital Management acquired a new stake in Entegris in the 4th quarter worth about $34,000. Fortitude Family Office LLC grew its holdings in Entegris by 195.7% in the 4th quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 274 shares during the period. Parvin Asset Management LLC acquired a new position in shares of Entegris during the 4th quarter valued at about $69,000. Finally, Promus Capital LLC purchased a new position in Entegris during the fourth quarter worth approximately $71,000.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Needham & Company LLC restated a “buy” rating and issued a $120.00 price objective on shares of Entegris in a research report on Friday, February 7th. StockNews.com downgraded Entegris from a “hold” rating to a “sell” rating in a research note on Monday, March 24th. KeyCorp dropped their price objective on Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. Finally, Mizuho decreased their target price on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $124.88.

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).