Entegris (NASDAQ:ENTG) Shares Gap Up – Should You Buy?

Entegris, Inc. (NASDAQ:ENTG)’s share price gapped up before the market opened on Friday . The stock had previously closed at $97.48, but opened at $103.83. Entegris shares last traded at $101.45, with a volume of 312,446 shares trading hands.

Analyst Ratings Changes

ENTG has been the topic of a number of research reports. StockNews.com downgraded shares of Entegris from a “hold” rating to a “sell” rating in a research report on Thursday. Craig Hallum decreased their price target on shares of Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. UBS Group decreased their price target on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Citigroup cut their price objective on Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $120.00 price objective on shares of Entegris in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $124.88.

Entegris Stock Performance

The stock has a 50-day simple moving average of $102.89 and a 200-day simple moving average of $106.25. The stock has a market cap of $15.30 billion, a P/E ratio of 52.45, a PEG ratio of 1.50 and a beta of 1.24. 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 earnings results on Thursday, February 6th. The semiconductor company reported $0.84 EPS for the quarter, beating 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%. Research analysts forecast that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Announces Dividend

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

Insider Activity at Entegris

In related news, SVP Olivier Blachier sold 984 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $108.00, for a total value of $106,272.00. Following the completion of the sale, the senior vice president now directly owns 10,903 shares of the company’s stock, valued at approximately $1,177,524. This represents a 8.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Clinton M. Haris sold 12,652 shares of the firm’s 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 sale, the senior vice president now directly owns 34,820 shares of the company’s stock, valued at approximately $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 insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Mountaineer Partners Management LLC boosted its position in shares of Entegris by 16,255.1% during 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 acquiring an additional 10,977,064 shares during the last quarter. Norges Bank bought a new stake in shares of Entegris during the 4th quarter valued at about $445,988,000. Price T Rowe Associates Inc. MD boosted its position in shares of 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 valued at $1,108,940,000 after acquiring an additional 2,826,463 shares during the last quarter. D1 Capital Partners L.P. boosted its position in shares of 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 valued at $272,702,000 after acquiring an additional 2,111,801 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of Entegris by 434.1% during the 4th quarter. Deutsche Bank AG now owns 1,470,162 shares of the semiconductor company’s stock valued at $145,634,000 after buying an additional 1,194,903 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).