Entegris (NASDAQ:ENTG) Stock Price Up 7.3%

Entegris, Inc. (NASDAQ:ENTG – Get Rating)’s stock price rose 7.3% during trading on Friday . The stock traded as high as $107.12 and last traded at $107.05. Approximately 1,480,956 shares traded hands during trading, a decline of 12% from the average daily volume of 1,673,975 shares. The stock had previously closed at $99.75.

Wall Street Analyst Weigh In

ENTG has been the subject of several recent research reports. Loop Capital decreased their target price on shares of Entegris from $143.00 to $123.00 in a research report on Monday, May 15th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Entegris from $90.00 to $100.00 in a research report on Thursday, May 11th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $95.00 price objective on shares of Entegris in a research report on Wednesday, February 15th. Mizuho upped their price objective on shares of Entegris from $95.00 to $98.00 in a research report on Friday, May 12th. Finally, StockNews.com raised shares of Entegris to a “sell” rating in a research report on Monday, March 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $111.45.

Entegris Trading Up 8.1 %

The company has a debt-to-equity ratio of 1.78, a current ratio of 3.14 and a quick ratio of 2.08. The stock has a market capitalization of $16.14 billion, a PE ratio of 5,290.50 and a beta of 1.27. The stock’s 50 day simple moving average is $80.29 and its two-hundred day simple moving average is $77.87.

Entegris Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 24th. Investors of record on Wednesday, May 3rd were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date of this dividend was Tuesday, May 2nd. Entegris’s payout ratio is currently 2,000.00%.

Insider Activity at Entegris

In related news, SVP James Anthony O’neill sold 4,845 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $90.72, for a total transaction of $439,538.40. Following the sale, the senior vice president now directly owns 15,588 shares in the company, valued at approximately $1,414,143.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.81% of the stock is currently owned by corporate insiders.

Institutional Trading of Entegris

Institutional investors and hedge funds have recently bought and sold shares of the company. Exchange Traded Concepts LLC purchased a new stake in Entegris in the 4th quarter worth approximately $27,000. KB Financial Partners LLC bought a new position in shares of Entegris in the 1st quarter worth $34,000. Belpointe Asset Management LLC increased its holdings in shares of Entegris by 51.1% in the 1st quarter. Belpointe Asset Management LLC now owns 485 shares of the semiconductor company’s stock worth $40,000 after buying an additional 164 shares during the last quarter. Neo Ivy Capital Management bought a new position in shares of Entegris in the 3rd quarter worth $54,000. Finally, TCTC Holdings LLC bought a new position in shares of Entegris in the 4th quarter worth $45,000. 98.21% of the stock is currently owned by hedge funds and other institutional investors.

About Entegris

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Entegris, Inc engages in the development, manufacture, and supply of specialty materials for the microelectronics industry. It operates through the following business segments: Specialty Chemicals and Engineered Materials (SCEM), Advanced Materials Handling (AMH), and Microcontamination Control (MC).