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

Entegris, Inc. (NASDAQ:ENTG) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 12,290,000 shares, a growth of 55.6% from the February 28th total of 7,900,000 shares. Approximately 8.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,860,000 shares, the days-to-cover ratio is presently 4.3 days.

Entegris Price Performance

Shares of ENTG stock opened at $87.48 on Tuesday. The company has a market capitalization of $13.24 billion, a P/E ratio of 45.33, a P/E/G ratio of 1.50 and a beta of 1.32. The company’s 50-day simple moving average is $100.96 and its two-hundred day simple moving average is $104.00. Entegris has a one year low of $84.75 and a one year high of $147.57. 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 announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.07. Entegris had a return on equity of 12.83% and a net margin of 9.03%. As a group, equities analysts anticipate that Entegris will post 3.51 EPS for the current year.

Entegris Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend was Wednesday, January 29th. Entegris’s payout ratio is 20.73%.

Insider Buying and Selling at Entegris

In other Entegris news, SVP Olivier Blachier sold 984 shares of Entegris stock in a transaction on Friday, February 21st. The shares were sold at an average price of $108.00, for a total value 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 trade represents a 8.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Clinton M. Haris sold 12,652 shares of the company’s 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 sale, the senior vice president now owns 34,820 shares in the company, 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 currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ENTG. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Entegris during the third quarter valued at approximately $513,000. Bank of Montreal Can boosted its position in Entegris by 42.5% during the 3rd quarter. Bank of Montreal Can now owns 108,717 shares of the semiconductor company’s stock valued at $12,487,000 after acquiring an additional 32,439 shares in the last quarter. FMR LLC boosted its position in Entegris by 130.9% during the 3rd quarter. FMR LLC now owns 272,833 shares of the semiconductor company’s stock valued at $30,702,000 after acquiring an additional 154,658 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Entegris by 18.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,984 shares of the semiconductor company’s stock valued at $3,824,000 after acquiring an additional 5,249 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Entegris by 2.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 607,975 shares of the semiconductor company’s stock worth $68,415,000 after acquiring an additional 14,184 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Mizuho decreased their price target on Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Needham & Company LLC restated a “buy” rating and issued a $120.00 target price on shares of Entegris in a report on Friday, February 7th. KeyCorp dropped their price target 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. Finally, StockNews.com lowered shares of Entegris from a “hold” rating to a “sell” rating in a research report on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.88.

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).