Entegris (NASDAQ:ENTG) Shares Gap Up to $112.52

Entegris, Inc. (NASDAQ:ENTG) shares gapped up before the market opened on Friday . The stock had previously closed at $112.52, but opened at $115.46. Entegris shares last traded at $115.47, with a volume of 25,694 shares trading hands.

Wall Street Analysts Forecast Growth

ENTG has been the topic of several research reports. Deutsche Bank Aktiengesellschaft cut their price objective on Entegris from $160.00 to $145.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Mizuho upgraded Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price objective for the company in a research note on Thursday, August 1st. Needham & Company LLC reissued a “buy” rating and set a $150.00 price target on shares of Entegris in a report on Thursday, August 1st. Finally, BMO Capital Markets decreased their price objective on Entegris from $160.00 to $145.00 and set an “outperform” rating on the stock in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $146.80.

Entegris Price Performance

The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.02 and a current ratio of 3.58. The firm has a fifty day simple moving average of $123.82 and a 200 day simple moving average of $130.28. The company has a market capitalization of $17.34 billion, a PE ratio of 55.44, a P/E/G ratio of 1.27 and a beta of 1.25.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.01. Entegris had a return on equity of 12.03% and a net margin of 5.61%. The business had revenue of $812.60 million for the quarter, compared to the consensus estimate of $802.43 million. During the same period last year, the business posted $0.66 EPS. The business’s revenue was down 9.8% compared to the same quarter last year. Equities analysts anticipate that Entegris, Inc. will post 3.22 EPS for the current year.

Entegris Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, July 31st were issued a $0.10 dividend. The ex-dividend date was Wednesday, July 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.35%. Entegris’s dividend payout ratio is currently 19.23%.

Insider Activity at Entegris

In related news, insider Daniel D. Woodland sold 15,000 shares of the business’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $145.00, for a total transaction of $2,175,000.00. Following the completion of the transaction, the insider now directly owns 37,457 shares in the company, valued at $5,431,265. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Bertrand Loy sold 27,044 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $140.63, for a total transaction of $3,803,197.72. Following the sale, the chief executive officer now directly owns 263,068 shares in the company, valued at approximately $36,995,252.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel D. Woodland sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $145.00, for a total value of $2,175,000.00. Following the transaction, the insider now directly owns 37,457 shares of the company’s stock, valued at $5,431,265. The disclosure for this sale can be found here. Insiders have sold a total of 57,044 shares of company stock valued at $8,078,198 in the last ninety days. Company insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On Entegris

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Entegris by 0.8% in the first quarter. Vanguard Group Inc. now owns 14,666,653 shares of the semiconductor company’s stock worth $2,061,251,000 after acquiring an additional 112,638 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Entegris by 7.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,085,147 shares of the semiconductor company’s stock worth $1,838,988,000 after purchasing an additional 916,420 shares during the last quarter. Norges Bank purchased a new stake in shares of Entegris during the fourth quarter worth $278,727,000. Earnest Partners LLC raised its position in shares of Entegris by 0.6% in the second quarter. Earnest Partners LLC now owns 1,858,757 shares of the semiconductor company’s stock valued at $251,676,000 after buying an additional 11,692 shares during the last quarter. Finally, BNP Paribas Asset Management Holding S.A. lifted its stake in shares of Entegris by 8.1% in the fourth quarter. BNP Paribas Asset Management Holding S.A. now owns 1,763,575 shares of the semiconductor company’s stock worth $211,311,000 after buying an additional 132,447 shares in the last quarter.

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).