Entegris (NASDAQ:ENTG) Sees Large Volume Increase – Should You Buy?

Shares of Entegris, Inc. (NASDAQ:ENTG) saw an uptick in trading volume on Monday . 2,716,367 shares changed hands during trading, an increase of 41% from the previous session’s volume of 1,925,132 shares.The stock last traded at $99.56 and had previously closed at $96.35.

Analyst Ratings Changes

A number of equities research analysts recently commented on ENTG shares. Mizuho dropped their price objective on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. StockNews.com upgraded Entegris from a “sell” rating to a “hold” rating in a report on Thursday, March 13th. Needham & Company LLC reiterated a “buy” rating and set a $120.00 price objective on shares of Entegris in a report on Friday, February 7th. Finally, KeyCorp dropped their target price on Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $124.88.

Entegris Trading Up 2.7 %

The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08. The firm has a fifty day moving average price of $102.24 and a 200 day moving average price of $104.67. The company has a market cap of $14.98 billion, a price-to-earnings ratio of 51.29, a P/E/G ratio of 1.50 and a beta of 1.32.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 EPS for the quarter, beating 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%. As a group, equities analysts predict 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 was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date was Wednesday, January 29th. Entegris’s dividend payout ratio (DPR) is presently 20.73%.

Insider Buying and Selling at Entegris

In other news, SVP Olivier Blachier sold 984 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.00, for a total value of $106,272.00. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Clinton M. Haris sold 12,652 shares of Entegris stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the sale, the senior vice president now directly owns 34,820 shares of the company’s stock, 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. Corporate insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On Entegris

Institutional investors and hedge funds have recently made changes to their positions in the company. Quarry LP acquired a new position in Entegris in the 4th quarter valued at $28,000. Neo Ivy Capital Management acquired a new position in shares of Entegris in the fourth quarter valued at about $34,000. Fortitude Family Office LLC increased its position in 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 acquiring an additional 274 shares during the period. Parvin Asset Management LLC bought a new stake in Entegris in the 4th quarter valued at about $69,000. Finally, Promus Capital LLC acquired a new position in shares of Entegris during the 4th quarter worth approximately $71,000.

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).