Short Interest in Entegris, Inc. (NASDAQ:ENTG) Rises By 10.4%

Entegris, Inc. (NASDAQ:ENTG) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 4,870,000 shares, a growth of 10.4% from the June 30th total of 4,410,000 shares. Based on an average trading volume of 1,440,000 shares, the days-to-cover ratio is presently 3.4 days.

Entegris Trading Down 0.7 %

NASDAQ:ENTG traded down $0.88 during midday trading on Tuesday, hitting $126.90. 43,175 shares of the company traded hands, compared to its average volume of 1,405,607. The company has a current ratio of 3.35, a quick ratio of 2.02 and a debt-to-equity ratio of 1.22. Entegris has a 12-month low of $84.13 and a 12-month high of $147.57. The firm has a market capitalization of $19.14 billion, a P/E ratio of 61.43, a P/E/G ratio of 1.44 and a beta of 1.25. The firm’s fifty day moving average is $133.78 and its 200-day moving average is $131.90.

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

Entegris Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 21st. Investors of record on Wednesday, July 31st will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date is Wednesday, July 31st. Entegris’s dividend payout ratio (DPR) is 19.23%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ENTG. Needham & Company LLC reissued a “buy” rating and set a $150.00 price target on shares of Entegris in a research report on Monday, May 13th. Mizuho boosted their price objective on shares of Entegris from $140.00 to $143.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Finally, 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $149.80.

Insider Activity at Entegris

In other Entegris news, SVP Olivier Blachier sold 1,986 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were 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 of the company’s stock, valued at approximately $1,653,727.04. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Entegris news, CEO Bertrand Loy sold 27,044 shares of the business’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $140.63, for a total transaction of $3,803,197.72. Following the transaction, the chief executive officer now directly owns 263,068 shares of the company’s stock, valued at approximately $36,995,252.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Olivier Blachier sold 1,986 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $133.84, for a total transaction of $265,806.24. Following the transaction, the senior vice president now owns 12,356 shares in the company, valued at approximately $1,653,727.04. The disclosure for this sale can be found here. Insiders sold 70,796 shares of company stock worth $9,870,921 in the last ninety days. 0.67% of the stock is owned by company insiders.

Institutional Investors Weigh In On Entegris

Hedge funds have recently made changes to their positions in the stock. Raymond James & Associates boosted its position in shares of Entegris by 1.6% in the 4th quarter. Raymond James & Associates now owns 110,314 shares of the semiconductor company’s stock worth $13,218,000 after purchasing an additional 1,723 shares in the last quarter. Caprock Group LLC boosted its stake in Entegris by 4.0% in the 4th quarter. Caprock Group LLC now owns 3,032 shares of the semiconductor company’s stock worth $363,000 after purchasing an additional 117 shares in the last quarter. Quent Capital LLC grew its position in Entegris by 59.1% during the 4th quarter. Quent Capital LLC now owns 366 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 136 shares during the last quarter. Vanderbilt University purchased a new position in shares of Entegris in the fourth quarter worth $1,514,000. Finally, Arizona State Retirement System grew its holdings in shares of Entegris by 1.0% during the fourth quarter. Arizona State Retirement System now owns 41,256 shares of the semiconductor company’s stock valued at $4,943,000 after buying an additional 418 shares during the last quarter.

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).