Clinton M. Haris Sells 12,652 Shares of Entegris, Inc. (NASDAQ:ENTG) Stock

Entegris, Inc. (NASDAQ:ENTG) SVP Clinton M. Haris sold 12,652 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was 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 directly owns 34,820 shares of the company’s stock, valued at approximately $3,722,954.40. This trade represents a 26.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Entegris Stock Up 1.0 %

Shares of NASDAQ:ENTG opened at $108.85 on Friday. The business’s 50 day moving average is $103.25 and its 200 day moving average is $106.62. Entegris, Inc. has a 12-month low of $94.92 and a 12-month high of $147.57. The stock has a market cap of $16.44 billion, a price-to-earnings ratio of 56.40, a PEG ratio of 1.49 and a beta of 1.24. The company has a quick ratio of 1.83, a current ratio of 2.92 and a debt-to-equity ratio of 1.14.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.07. Entegris had a net margin of 9.03% and a return on equity of 13.00%. On average, sell-side analysts forecast that Entegris, Inc. will post 3.63 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date is Wednesday, January 29th. Entegris’s payout ratio is 20.73%.

Analysts Set New Price Targets

A number of research firms have commented on ENTG. UBS Group reduced their price target on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. KeyCorp reduced their target price on Entegris from $150.00 to $141.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft dropped their price target on Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. BMO Capital Markets cut their price target on Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. Finally, Citigroup decreased 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. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $130.60.

Hedge Funds Weigh In On Entegris

Several hedge funds have recently modified their holdings of ENTG. Capital Performance Advisors LLP purchased a new stake in shares of Entegris during the third quarter valued at approximately $29,000. Blue Trust Inc. grew its stake in Entegris by 221.3% in the 3rd quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 239 shares during the period. Fortitude Family Office LLC grew its stake in Entegris by 195.7% in the 4th quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 274 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Entegris during the 4th quarter valued at $42,000. Finally, Covestor Ltd raised its stake in shares of Entegris by 241.8% during the 3rd quarter. Covestor Ltd now owns 417 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 295 shares during the period.

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).