Entegris Inc (NASDAQ:ENTG) was the recipient of a large growth in short interest in January. As of January 31st, there was short interest totalling 8,993,027 shares, a growth of 30.9% from the January 15th total of 6,872,575 shares. Based on an average daily volume of 2,125,038 shares, the short-interest ratio is currently 4.2 days. Approximately 6.7% of the shares of the company are sold short.
Large investors have recently modified their holdings of the company. CX Institutional purchased a new position in shares of Entegris during the fourth quarter worth approximately $73,000. First Interstate Bank increased its position in shares of Entegris by 82.2% during the third quarter. First Interstate Bank now owns 4,465 shares of the semiconductor company’s stock worth $129,000 after acquiring an additional 2,015 shares during the period. First Hawaiian Bank purchased a new position in shares of Entegris during the third quarter worth approximately $137,000. Gryphon Financial Partners LLC increased its position in shares of Entegris by 225.0% during the third quarter. Gryphon Financial Partners LLC now owns 6,389 shares of the semiconductor company’s stock worth $185,000 after acquiring an additional 4,423 shares during the period. Finally, Jane Street Group LLC purchased a new position in Entegris during the third quarter valued at approximately $201,000. 94.36% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ ENTG traded up $0.11 during trading on Monday, hitting $33.61. The stock had a trading volume of 1,447,022 shares, compared to its average volume of 1,974,844. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.89 and a quick ratio of 2.64. The company has a market cap of $4.73 billion, a P/E ratio of 17.78 and a beta of 1.36. Entegris has a one year low of $23.39 and a one year high of $39.55.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 20th. Shareholders of record on Wednesday, January 30th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend is Tuesday, January 29th. Entegris’s payout ratio is currently 14.81%.
A number of brokerages have issued reports on ENTG. Zacks Investment Research upgraded Entegris from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Goldman Sachs Group lowered Entegris from a “buy” rating to a “neutral” rating and set a $30.00 price target for the company. in a research note on Tuesday, January 8th. BidaskClub upgraded Entegris from a “strong sell” rating to a “sell” rating in a research note on Friday, October 19th. ValuEngine upgraded Entegris from a “sell” rating to a “hold” rating in a research note on Friday, December 28th. Finally, Loop Capital set a $51.00 price target on Entegris and gave the stock a “buy” rating in a research note on Tuesday, January 29th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Entegris has an average rating of “Buy” and a consensus price target of $41.35.
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Entegris Company Profile
Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries worldwide. It operates through three segments: Specialty Chemicals and Engineered Materials (SCEM), Microcontamination Control (MC), and Advanced Materials Handling (AMH).
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