Entegris (NASDAQ:ENTG) Stock Price Up 21.8% – Still a Buy?

Entegris, Inc. (NASDAQ:ENTG)’s stock price rose 21.8% on Wednesday . The company traded as high as $75.83 and last traded at $76.64. Approximately 2,133,253 shares were traded during trading, a decline of 33% from the average daily volume of 3,201,751 shares. The stock had previously closed at $62.92.

Wall Street Analyst Weigh In

ENTG has been the subject of several recent analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price objective on shares of Entegris in a research note on Friday, February 7th. StockNews.com upgraded shares of Entegris from a “sell” rating to a “hold” rating in a research report on Thursday, April 3rd. KeyCorp decreased their price target on Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a research note on Friday, February 7th. Finally, Mizuho reduced their price objective on Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $124.88.

Entegris Price Performance

The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08. The company has a 50-day moving average of $96.65 and a 200-day moving average of $102.11. The stock has a market capitalization of $11.88 billion, a price-to-earnings ratio of 40.66, a P/E/G ratio of 1.50 and a beta of 1.36.

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%. As a group, equities research analysts expect that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.40 annualized dividend and a yield of 0.51%. Entegris’s dividend payout ratio (DPR) is presently 20.73%.

Insiders Place Their Bets

In other news, SVP Olivier Blachier sold 984 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $108.00, for a total transaction of $106,272.00. Following the completion of the sale, 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 position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Clinton M. Haris sold 12,652 shares of Entegris 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 completion of the transaction, the senior vice president now owns 34,820 shares in the company, valued at $3,722,954.40. The trade was a 26.65 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On Entegris

Large investors have recently modified their holdings of the company. Sarasin & Partners LLP acquired a new stake in shares of Entegris in the first quarter worth $1,544,000. NBC Securities Inc. boosted its position in Entegris by 140,900.0% during the 1st quarter. NBC Securities Inc. now owns 1,410 shares of the semiconductor company’s stock worth $123,000 after purchasing an additional 1,409 shares during the period. Rhumbline Advisers increased its holdings in Entegris by 124.9% in the 1st quarter. Rhumbline Advisers now owns 462,162 shares of the semiconductor company’s stock valued at $40,430,000 after purchasing an additional 256,710 shares in the last quarter. Fifth Third Wealth Advisors LLC purchased a new position in Entegris in the first quarter valued at about $350,000. Finally, GAMMA Investing LLC lifted its stake in shares of Entegris by 15,693.6% during the first quarter. GAMMA Investing LLC now owns 280,811 shares of the semiconductor company’s stock worth $24,565,000 after purchasing an additional 279,033 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).