Entegris (NASDAQ:ENTG) Shares Gap Down to $132.92

Entegris, Inc. (NASDAQ:ENTG - Get Free Report)'s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $132.92, but opened at $127.52. Entegris shares last traded at $125.45, with a volume of 157,841 shares changing hands.

Wall Street Analyst Weigh In

ENTG has been the subject of several research reports. BMO Capital Markets raised their price objective on shares of Entegris from $130.00 to $160.00 and gave the company an "outperform" rating in a research report on Friday, February 16th. UBS Group raised their target price on shares of Entegris from $90.00 to $130.00 and gave the stock a "neutral" rating in a report on Thursday, February 15th. Mizuho reiterated a "neutral" rating and issued a $140.00 target price on shares of Entegris in a report on Tuesday, February 20th. Wolfe Research started coverage on shares of Entegris in a report on Friday, March 1st. They issued an "outperform" rating and a $160.00 target price for the company. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $150.00 target price on shares of Entegris in a report on Wednesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $141.64.

Entegris Stock Performance

The stock has a market cap of $18.59 billion, a P/E ratio of 104.89 and a beta of 1.32. The firm's 50-day moving average is $135.68 and its two-hundred day moving average is $118.96. The company has a quick ratio of 2.67, a current ratio of 3.85 and a debt-to-equity ratio of 1.35.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The semiconductor company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.06. The firm had revenue of $812.30 million for the quarter, compared to analyst estimates of $780.95 million. Entegris had a net margin of 5.13% and a return on equity of 12.00%. The company's revenue for the quarter was down 14.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.83 earnings per share. As a group, research analysts expect that Entegris, Inc. will post 3.27 EPS for the current year.

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 1st will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date of this dividend is Tuesday, April 30th. Entegris's dividend payout ratio is 33.61%.

Insider Activity

In other news, CAO Michael Sauer sold 1,897 shares of Entegris stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $132.54, for a total value of $251,428.38. Following the transaction, the chief accounting officer now owns 1,779 shares of the company's stock, valued at $235,788.66. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CAO Michael Sauer sold 1,897 shares of the firm's stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $132.54, for a total value of $251,428.38. Following the sale, the chief accounting officer now owns 1,779 shares in the company, valued at $235,788.66. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Daniel D. Woodland sold 9,000 shares of the firm's stock in a transaction on Friday, February 16th. The stock was sold at an average price of $139.50, for a total transaction of $1,255,500.00. Following the completion of the sale, the insider now owns 32,730 shares in the company, valued at approximately $4,565,835. The disclosure for this sale can be found here. Insiders have sold a total of 41,082 shares of company stock valued at $5,606,849 over the last 90 days. 0.67% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Entegris

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Entegris by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 14,554,015 shares of the semiconductor company's stock worth $1,743,862,000 after buying an additional 101,129 shares in the last quarter. WCM Investment Management LLC lifted its holdings in shares of Entegris by 0.4% during the fourth quarter. WCM Investment Management LLC now owns 5,173,163 shares of the semiconductor company's stock valued at $628,177,000 after acquiring an additional 22,249 shares during the period. London Co. of Virginia lifted its holdings in shares of Entegris by 0.6% during the third quarter. London Co. of Virginia now owns 2,867,758 shares of the semiconductor company's stock valued at $269,311,000 after acquiring an additional 17,077 shares during the period. Norges Bank bought a new position in shares of Entegris during the fourth quarter valued at $278,727,000. Finally, Earnest Partners LLC lifted its holdings in shares of Entegris by 1.6% during the third quarter. Earnest Partners LLC now owns 1,770,010 shares of the semiconductor company's stock valued at $166,222,000 after acquiring an additional 27,810 shares during the period.

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).