Entegris (NASDAQ:ENTG) Shares Gap Down After Earnings Miss

Entegris, Inc. (NASDAQ:ENTG - Get Free Report)'s share price gapped down before the market opened on Wednesday following a dissappointing earnings announcement. The stock had previously closed at $83.03, but opened at $77.88. Entegris shares last traded at $72.13, with a volume of 1,067,189 shares changing hands.

The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.73 by ($0.06). Entegris had a return on equity of 12.83% and a net margin of 9.03%. The firm's revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.68 EPS.

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Investors of record on Wednesday, April 30th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $0.40 annualized dividend and a yield of 0.56%. Entegris's dividend payout ratio is currently 20.73%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Needham & Company LLC reissued a "buy" rating and issued a $120.00 price target on shares of Entegris in a report on Friday, February 7th. Mizuho decreased their target price on shares of Entegris from $125.00 to $120.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 7th. UBS Group cut their price target on shares of Entegris from $115.00 to $90.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. KeyCorp decreased their price objective on shares of Entegris from $141.00 to $130.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Finally, StockNews.com lowered shares of Entegris from a "hold" rating to a "sell" rating in a research report on Saturday, April 19th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $120.38.

Insider Activity at Entegris

In other news, SVP Olivier Blachier sold 984 shares of the stock in a transaction on Friday, February 21st. The shares were 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 owns 10,903 shares of the company's stock, valued at $1,177,524. This represents a 8.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Clinton M. Haris sold 12,652 shares of the firm's stock in a transaction dated 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 owns 34,820 shares in the company, valued at approximately $3,722,954.40. The trade was 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 owned by insiders.

Hedge Funds Weigh In On Entegris

A number of institutional investors have recently added to or reduced their stakes in the company. Quarry LP acquired a new position in shares of Entegris in the fourth quarter worth about $28,000. Central Pacific Bank Trust Division raised its position in shares of Entegris by 125.7% in the 1st quarter. Central Pacific Bank Trust Division now owns 307 shares of the semiconductor company's stock valued at $27,000 after purchasing an additional 171 shares in the last quarter. Neo Ivy Capital Management purchased a new position in shares of Entegris during the 4th quarter valued at approximately $34,000. Fortitude Family Office LLC grew its position in shares of Entegris by 195.7% during the fourth quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company's stock worth $41,000 after buying an additional 274 shares in the last quarter. Finally, Curat Global LLC bought a new stake in shares of Entegris in the first quarter worth $39,000.

Entegris Stock Down 13.8 %

The company has a debt-to-equity ratio of 1.08, a current ratio of 3.08 and a quick ratio of 1.86. The stock has a market capitalization of $10.84 billion, a price-to-earnings ratio of 37.46, a PEG ratio of 1.50 and a beta of 1.33. The firm's fifty day moving average is $84.33 and its 200-day moving average is $97.15.

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).

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