Short Interest in Entegris, Inc. (NASDAQ:ENTG) Rises By 9.0%

Entegris, Inc. (NASDAQ:ENTG) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 4,590,000 shares, a growth of 9.0% from the May 31st total of 4,210,000 shares. Based on an average daily volume of 1,280,000 shares, the short-interest ratio is presently 3.6 days.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Needham & Company LLC reiterated a “buy” rating and set a $150.00 target price on shares of Entegris in a research note on Monday, May 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $160.00 target price on shares of Entegris in a research note on Wednesday, June 26th. Finally, Mizuho increased their target price on Entegris from $140.00 to $143.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Entegris presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.80.

Insider Activity at Entegris

In related news, SVP Olivier Blachier sold 1,986 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $133.84, for a total transaction of $265,806.24. Following the completion of the transaction, the senior vice president now directly owns 12,356 shares of the company’s stock, valued at $1,653,727.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Entegris news, SVP Olivier Blachier sold 1,986 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $133.84, for a total value of $265,806.24. Following the sale, the senior vice president now owns 12,356 shares in the company, valued at $1,653,727.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Clinton M. Haris sold 5,005 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $124.74, for a total value of $624,323.70. Following the completion of the sale, the senior vice president now owns 34,600 shares in the company, valued at approximately $4,316,004. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,752 shares of company stock valued at $1,792,723. Insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. LPL Financial LLC raised its position in shares of Entegris by 22.2% in the 3rd quarter. LPL Financial LLC now owns 76,156 shares of the semiconductor company’s stock worth $7,152,000 after acquiring an additional 13,834 shares in the last quarter. Earnest Partners LLC increased its position in Entegris by 1.6% in the 3rd quarter. Earnest Partners LLC now owns 1,770,010 shares of the semiconductor company’s stock valued at $166,222,000 after buying an additional 27,810 shares in the last quarter. London Co. of Virginia increased its position in Entegris by 0.6% in the 3rd quarter. London Co. of Virginia now owns 2,867,758 shares of the semiconductor company’s stock valued at $269,311,000 after buying an additional 17,077 shares in the last quarter. Seven Eight Capital LP bought a new stake in Entegris in the 3rd quarter valued at about $377,000. Finally, Sandler Capital Management increased its position in Entegris by 22.9% in the 3rd quarter. Sandler Capital Management now owns 41,484 shares of the semiconductor company’s stock valued at $3,896,000 after buying an additional 7,739 shares in the last quarter.

Entegris Trading Down 1.4 %

NASDAQ ENTG opened at $133.54 on Tuesday. The company has a quick ratio of 2.02, a current ratio of 3.35 and a debt-to-equity ratio of 1.22. Entegris has a twelve month low of $84.13 and a twelve month high of $146.91. The company has a market cap of $20.14 billion, a price-to-earnings ratio of 64.20, a price-to-earnings-growth ratio of 1.54 and a beta of 1.25. The business’s fifty day moving average is $131.59 and its 200 day moving average is $129.16.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.07. The company had revenue of $771.03 million for the quarter, compared to the consensus estimate of $769.24 million. Entegris had a return on equity of 11.94% and a net margin of 9.31%. Entegris’s revenue for the quarter was down 16.4% on a year-over-year basis. During the same quarter last year, the business posted $0.65 EPS. As a group, sell-side analysts expect that Entegris will post 3.25 EPS for the current fiscal year.

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 1st were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.30%. The ex-dividend date of this dividend was Tuesday, April 30th. Entegris’s payout ratio is presently 19.23%.

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).