Entegris, Inc. (NASDAQ:ENTG) Short Interest Up 30.8% in August

Entegris, Inc. (NASDAQ:ENTG) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 2,590,000 shares, an increase of 30.8% from the August 15th total of 1,980,000 shares. Based on an average daily trading volume, of 647,900 shares, the days-to-cover ratio is currently 4.0 days. Approximately 1.9% of the shares of the stock are short sold.

NASDAQ:ENTG traded up $1.84 during mid-day trading on Tuesday, hitting $130.60. 9,446 shares of the company’s stock traded hands, compared to its average volume of 833,683. The firm has a 50 day moving average of $119.54 and a two-hundred day moving average of $115.26. Entegris has a 12 month low of $64.96 and a 12 month high of $133.30. The firm has a market capitalization of $17.71 billion, a price-to-earnings ratio of 52.33 and a beta of 1.22. The company has a current ratio of 4.45, a quick ratio of 2.96 and a debt-to-equity ratio of 0.62.

Entegris (NASDAQ:ENTG) last announced its earnings results on Tuesday, July 27th. The semiconductor company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.06. Entegris had a return on equity of 28.50% and a net margin of 16.29%. The firm had revenue of $571.35 million during the quarter, compared to the consensus estimate of $537.97 million. During the same quarter in the prior year, the company earned $0.60 EPS. The firm’s revenue for the quarter was up 27.4% compared to the same quarter last year. As a group, equities research analysts expect that Entegris will post 3.32 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 18th. Shareholders of record on Wednesday, July 28th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, July 27th. This represents a $0.32 annualized dividend and a yield of 0.25%. Entegris’s dividend payout ratio is presently 12.60%.

Several research analysts have weighed in on the company. Zacks Investment Research lowered Entegris from a “buy” rating to a “hold” rating in a research report on Monday, September 6th. Wolfe Research assumed coverage on Entegris in a research report on Wednesday, June 9th. They issued an “outperform” rating on the stock. Finally, Craig Hallum upped their price target on Entegris from $100.00 to $115.00 and gave the stock a “hold” rating in a research note on Wednesday, July 28th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $115.20.

In other Entegris news, CFO Gregory B. Graves sold 4,500 shares of the company’s stock in a transaction dated Friday, August 20th. The stock was sold at an average price of $112.41, for a total value of $505,845.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paul L. H. Olson sold 2,000 shares of the company’s stock in a transaction dated Wednesday, September 15th. The stock was sold at an average price of $129.05, for a total value of $258,100.00. Following the completion of the transaction, the director now directly owns 21,774 shares in the company, valued at $2,809,934.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 77,015 shares of company stock valued at $9,493,383. Insiders own 1.30% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC increased its position in shares of Entegris by 6.4% in the first quarter. Quadrant Capital Group LLC now owns 1,669 shares of the semiconductor company’s stock valued at $187,000 after acquiring an additional 100 shares during the last quarter. MAI Capital Management boosted its stake in shares of Entegris by 0.9% in the first quarter. MAI Capital Management now owns 12,007 shares of the semiconductor company’s stock valued at $1,342,000 after buying an additional 105 shares during the period. Proficio Capital Partners LLC boosted its stake in shares of Entegris by 5.4% in the second quarter. Proficio Capital Partners LLC now owns 2,155 shares of the semiconductor company’s stock valued at $265,000 after buying an additional 111 shares during the period. Fieldpoint Private Securities LLC boosted its stake in shares of Entegris by 7.1% in the second quarter. Fieldpoint Private Securities LLC now owns 1,937 shares of the semiconductor company’s stock valued at $232,000 after buying an additional 128 shares during the period. Finally, HighTower Advisors LLC lifted its stake in Entegris by 1.1% during the first quarter. HighTower Advisors LLC now owns 12,963 shares of the semiconductor company’s stock worth $1,451,000 after purchasing an additional 135 shares during the last quarter. 96.40% of the stock is currently owned by hedge funds and other institutional investors.

Entegris Company Profile

Entegris, Inc engages in the development, manufacture, and supply of specialty materials for microelectronics industry. It operates through the following business segments: Specialty Chemicals and Engineered Materials (SCEM); Advanced Materials Handling (AMH); and Microcontamination Control (MC). The SCEM segment provides purity process chemistries, gases, and materials and delivery systems to support semiconductor and other advance manufacturing processes.

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