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

Entegris, Inc. (NASDAQ:ENTG) was the recipient of a large increase in short interest during 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. Approximately 8.2% of the company’s stock are short sold. Based on an average daily trading volume, of 2,860,000 shares, the short-interest ratio is presently 4.3 days.

Insider Transactions at Entegris

In other news, SVP Clinton M. Haris sold 12,652 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $106.92, for a total value of $1,352,751.84. Following the completion of the sale, the senior vice president now owns 34,820 shares of the company’s stock, valued at $3,722,954.40. This trade represents a 26.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Olivier Blachier sold 984 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.00, for a total value of $106,272.00. Following the transaction, the senior vice president now directly owns 10,903 shares in the company, valued at $1,177,524. This represents a 8.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On Entegris

Several large investors have recently made changes to their positions in the company. Corient Private Wealth LLC raised its stake in Entegris by 1.1% in the 4th quarter. Corient Private Wealth LLC now owns 11,862 shares of the semiconductor company’s stock valued at $1,175,000 after purchasing an additional 128 shares during the last quarter. Torray Investment Partners LLC grew its holdings in shares of Entegris by 0.9% during the fourth quarter. Torray Investment Partners LLC now owns 15,266 shares of the semiconductor company’s stock worth $1,512,000 after buying an additional 129 shares in the last quarter. Metis Global Partners LLC grew its holdings in shares of Entegris by 7.1% during the fourth quarter. Metis Global Partners LLC now owns 2,049 shares of the semiconductor company’s stock worth $203,000 after buying an additional 135 shares in the last quarter. HighPoint Advisor Group LLC raised its position in shares of Entegris by 4.3% in the fourth quarter. HighPoint Advisor Group LLC now owns 3,559 shares of the semiconductor company’s stock valued at $376,000 after buying an additional 146 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in Entegris by 6.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 2,482 shares of the semiconductor company’s stock worth $246,000 after purchasing an additional 147 shares in the last quarter.

Analyst Ratings Changes

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

Entegris Trading Down 1.4 %

NASDAQ ENTG opened at $87.48 on Tuesday. The company has a fifty day moving average of $100.96 and a 200 day moving average of $104.00. The company has a market capitalization of $13.24 billion, a PE ratio of 45.33, a P/E/G ratio of 1.50 and a beta of 1.32. 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 has a 1 year low of $84.75 and a 1 year high of $147.57.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (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 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 paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.46%. Entegris’s payout ratio is 20.73%.

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).