Entegris, Inc. (NASDAQ:ENTG) Short Interest Update

Entegris, Inc. (NASDAQ:ENTG) was the recipient of a significant growth in short interest in 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 trading volume of 1,280,000 shares, the days-to-cover ratio is currently 3.6 days.

Wall Street Analysts Forecast Growth

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

Entegris Stock Performance

Shares of NASDAQ:ENTG traded up $4.07 on Wednesday, hitting $140.68. 1,205,579 shares of the company were exchanged, compared to its average volume of 1,392,168. The company has a current ratio of 3.35, a quick ratio of 2.02 and a debt-to-equity ratio of 1.22. The stock’s 50 day moving average price is $131.80 and its 200 day moving average price is $129.29. Entegris has a 1-year low of $84.13 and a 1-year high of $146.91. The firm has a market capitalization of $21.21 billion, a P/E ratio of 65.68, a price-to-earnings-growth ratio of 1.54 and a beta of 1.25.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.07. The company had revenue of $771.03 million during the quarter, compared to analysts’ expectations of $769.24 million. Entegris had a return on equity of 11.94% and a net margin of 9.31%. The firm’s revenue was down 16.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.65 EPS. Sell-side analysts predict that Entegris will post 3.25 EPS for the current year.

Entegris Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 1st were given a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.28%. Entegris’s dividend payout ratio is currently 19.23%.

Insider Activity at Entegris

In other Entegris news, SVP James Anthony O’neill sold 6,761 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $133.50, for a total transaction of $902,593.50. Following the transaction, the senior vice president now owns 13,652 shares of the company’s stock, valued at approximately $1,822,542. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Olivier Blachier sold 1,986 shares of the company’s stock in a transaction 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 sale, the senior vice president now directly owns 12,356 shares in the company, valued at approximately $1,653,727.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP James Anthony O’neill sold 6,761 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $133.50, for a total value of $902,593.50. Following the sale, the senior vice president now directly owns 13,652 shares in the company, valued at approximately $1,822,542. The disclosure for this sale can be found here. Insiders sold 13,752 shares of company stock worth $1,792,723 over the last three months. 0.67% of the stock is owned by corporate insiders.

Institutional Trading of Entegris

Several institutional investors and hedge funds have recently bought and sold shares of ENTG. WCM Investment Management LLC raised its position in 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 in the last quarter. California Public Employees Retirement System increased its holdings in shares of Entegris by 17.6% during the 4th quarter. California Public Employees Retirement System now owns 257,147 shares of the semiconductor company’s stock valued at $30,811,000 after purchasing an additional 38,557 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Entegris in the 4th quarter valued at $892,000. Stifel Financial Corp boosted its holdings in Entegris by 6.5% during the fourth quarter. Stifel Financial Corp now owns 122,392 shares of the semiconductor company’s stock worth $14,665,000 after buying an additional 7,456 shares in the last quarter. Finally, Schroder Investment Management Group grew its position in Entegris by 14.8% during the fourth quarter. Schroder Investment Management Group now owns 487,517 shares of the semiconductor company’s stock valued at $58,414,000 after buying an additional 62,761 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).