Entegris (NASDAQ:ENTG) Lowered to “Sell” Rating by StockNews.com

StockNews.com lowered shares of Entegris (NASDAQ:ENTG) from a hold rating to a sell rating in a research report sent to investors on Monday morning.

Several other equities research analysts have also recently issued reports on ENTG. Mizuho lowered their target price 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. Needham & Company LLC restated a “buy” rating and set a $120.00 price target on shares of Entegris in a research report on Friday, February 7th. Finally, KeyCorp dropped their price objective on shares of Entegris from $150.00 to $141.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.88.

Entegris Trading Up 2.0 %

Shares of Entegris stock opened at $98.32 on Monday. 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 twelve month low of $92.84 and a twelve month high of $147.57. The firm has a market capitalization of $14.88 billion, a PE ratio of 50.94, a P/E/G ratio of 1.50 and a beta of 1.32. The firm’s 50-day moving average price is $102.24 and its 200 day moving average price is $104.59.

Entegris (NASDAQ:ENTG) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $0.84 EPS for the quarter, beating 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, sell-side analysts predict that Entegris will post 3.51 EPS for the current fiscal year.

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were issued a dividend of $0.10 per share. The ex-dividend date was Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.41%. Entegris’s dividend payout ratio is currently 20.73%.

Insider Activity at Entegris

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

Institutional Trading of Entegris

Institutional investors have recently added to or reduced their stakes in the stock. Quarry LP purchased a new position in shares of Entegris during the fourth quarter worth $28,000. Neo Ivy Capital Management acquired a new position in Entegris during the 4th quarter worth about $34,000. Fortitude Family Office LLC boosted its holdings in Entegris by 195.7% during the 4th quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 274 shares during the period. Parvin Asset Management LLC purchased a new position in Entegris during the 4th quarter valued at about $69,000. Finally, Promus Capital LLC acquired a new position in Entegris in the 4th quarter valued at about $71,000.

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).