Entegris (NASDAQ:ENTG) Shares Gap Down – Here’s What Happened

Entegris, Inc. (NASDAQ:ENTG)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $72.10, but opened at $68.74. Entegris shares last traded at $69.63, with a volume of 206,192 shares trading hands.

Analyst Ratings Changes

A number of research firms recently weighed in on ENTG. Mizuho dropped their price target on Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Needham & Company LLC restated a “buy” rating and issued a $120.00 price objective on shares of Entegris in a research report on Friday, February 7th. StockNews.com lowered shares of Entegris from a “hold” rating to a “sell” rating in a research report on Friday, April 11th. Finally, KeyCorp reduced their price objective on Entegris from $141.00 to $130.00 and set an “overweight” rating on the stock in a report on Monday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Entegris has an average rating of “Moderate Buy” and an average target price of $123.50.

Entegris Price Performance

The company has a 50-day moving average price of $91.57 and a 200-day moving average price of $100.00. The company has a market capitalization of $10.40 billion, a price-to-earnings ratio of 35.61, a price-to-earnings-growth ratio of 1.50 and a beta of 1.36. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share 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 12.83%. On average, equities research analysts expect that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Wednesday, April 30th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date is Wednesday, April 30th. Entegris’s dividend payout ratio is currently 20.73%.

Insider Activity

In other news, SVP Olivier Blachier sold 984 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president now directly 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Clinton M. Haris sold 12,652 shares of the business’s stock in a transaction that occurred 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 sale, 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. 0.67% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Entegris

Several hedge funds have recently modified their holdings of ENTG. Central Pacific Bank Trust Division increased its holdings in Entegris by 125.7% during the first quarter. Central Pacific Bank Trust Division now owns 307 shares of the semiconductor company’s stock worth $27,000 after buying an additional 171 shares during the last quarter. Quarry LP bought a new position in Entegris during the fourth quarter worth about $28,000. Neo Ivy Capital Management acquired a new stake in shares of Entegris in the fourth quarter valued at approximately $34,000. Curat Global LLC acquired a new position in shares of Entegris during the 1st quarter worth approximately $39,000. Finally, Fortitude Family Office LLC lifted its holdings in Entegris by 195.7% during 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 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).