Insider Selling: Entegris, Inc. (NASDAQ:ENTG) SVP Sells 3,627 Shares of Stock

Entegris, Inc. (NASDAQ:ENTG - Get Free Report) SVP Clinton M. Haris sold 3,627 shares of Entegris stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $90.00, for a total value of $326,430.00. Following the completion of the sale, the senior vice president directly owned 37,743 shares of the company's stock, valued at approximately $3,396,870. This represents a 8.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Entegris Stock Up 1.3%

Shares of NASDAQ:ENTG traded up $1.22 during trading on Monday, hitting $91.97. The company's stock had a trading volume of 1,463,747 shares, compared to its average volume of 2,768,659. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.95 and a current ratio of 3.26. Entegris, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $133.79. The stock's 50-day moving average price is $79.39 and its two-hundred day moving average price is $87.79. The company has a market capitalization of $13.92 billion, a PE ratio of 45.25, a PEG ratio of 2.03 and a beta of 1.27.

Entegris (NASDAQ:ENTG - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.02). The firm had revenue of $773.20 million during the quarter, compared to the consensus estimate of $790.75 million. Entegris had a net margin of 9.57% and a return on equity of 12.48%. The firm's quarterly revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 earnings per share. As a group, sell-side analysts expect that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 20th. Investors of record on Wednesday, July 30th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is Wednesday, July 30th. Entegris's dividend payout ratio is currently 19.61%.

Analyst Upgrades and Downgrades

ENTG has been the topic of a number of research analyst reports. Wall Street Zen cut Entegris from a "hold" rating to a "sell" rating in a report on Saturday, April 19th. Needham & Company LLC reiterated a "buy" rating and issued a $100.00 target price on shares of Entegris in a report on Tuesday, May 20th. KeyCorp reduced their price objective on Entegris from $117.00 to $112.00 and set an "overweight" rating on the stock in a research note on Monday, July 14th. The Goldman Sachs Group began coverage on Entegris in a research note on Thursday, July 10th. They set a "neutral" rating and a $85.00 price objective on the stock. Finally, Citigroup reduced their price objective on Entegris from $125.00 to $102.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $108.00.

Institutional Trading of Entegris

Several hedge funds and other institutional investors have recently bought and sold shares of ENTG. Quarry LP bought a new position in shares of Entegris during the fourth quarter valued at approximately $28,000. Rise Advisors LLC bought a new position in shares of Entegris during the first quarter valued at approximately $26,000. Costello Asset Management INC bought a new position in shares of Entegris during the first quarter valued at approximately $26,000. Central Pacific Bank Trust Division grew its holdings in shares of Entegris by 125.7% during the first 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 during the last quarter. Finally, Alpine Bank Wealth Management grew its holdings in shares of Entegris by 73.7% during the second quarter. Alpine Bank Wealth Management now owns 311 shares of the semiconductor company's stock valued at $25,000 after purchasing an additional 132 shares during the last quarter.

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).

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