Entegris, Inc. (NASDAQ:ENTG) Sees Significant Increase in Short Interest

Entegris, Inc. (NASDAQ:ENTG) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 5,410,000 shares, a growth of 31.0% from the August 15th total of 4,130,000 shares. Based on an average daily volume of 1,950,000 shares, the short-interest ratio is currently 2.8 days.

Entegris Trading Down 0.5 %

Shares of NASDAQ ENTG traded down $0.52 during midday trading on Monday, reaching $110.15. The stock had a trading volume of 1,296,739 shares, compared to its average volume of 1,588,929. The company’s 50 day moving average price is $117.50 and its 200 day moving average price is $128.31. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.14 and a current ratio of 3.58. Entegris has a twelve month low of $84.13 and a twelve month high of $147.57. The firm has a market cap of $16.63 billion, a price-to-earnings ratio of 52.96, a price-to-earnings-growth ratio of 1.49 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last released its earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.01. Entegris had a net margin of 5.61% and a return on equity of 12.03%. The business had revenue of $812.60 million for the quarter, compared to analyst estimates of $802.43 million. During the same quarter in the previous year, the business earned $0.66 earnings per share. Entegris’s revenue for the quarter was down 9.8% on a year-over-year basis. As a group, sell-side analysts expect that Entegris will post 3.14 EPS for the current year.

Entegris Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, July 31st were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $0.40 annualized dividend and a dividend yield of 0.36%. Entegris’s payout ratio is 19.23%.

Insider Buying and Selling

In related news, insider Daniel D. Woodland sold 15,000 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $140.00, for a total transaction of $2,100,000.00. Following the completion of the sale, the insider now owns 37,457 shares of the company’s stock, valued at $5,243,980. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Daniel D. Woodland sold 15,000 shares of Entegris stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $140.00, for a total value of $2,100,000.00. Following the transaction, the insider now directly owns 37,457 shares of the company’s stock, valued at $5,243,980. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Bertrand Loy sold 27,044 shares of the company’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $140.63, for a total value of $3,803,197.72. Following the sale, the chief executive officer now owns 263,068 shares of the company’s stock, valued at $36,995,252.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 57,044 shares of company stock worth $8,078,198. Company insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On Entegris

A number of hedge funds have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC acquired a new stake in shares of Entegris during the 2nd quarter worth approximately $1,416,000. Cetera Investment Advisers grew its holdings in Entegris by 2.2% in the second quarter. Cetera Investment Advisers now owns 20,842 shares of the semiconductor company’s stock worth $2,822,000 after purchasing an additional 455 shares during the period. Quarry LP bought a new stake in Entegris in the second quarter valued at $27,000. Mackenzie Financial Corp raised its holdings in shares of Entegris by 2.8% during the second quarter. Mackenzie Financial Corp now owns 7,265 shares of the semiconductor company’s stock valued at $984,000 after purchasing an additional 197 shares during the period. Finally, MBB Public Markets I LLC bought a new position in shares of Entegris during the 2nd quarter worth about $1,452,000.

Wall Street Analyst Weigh In

ENTG has been the topic of a number of recent analyst reports. Mizuho upgraded Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 target price on the stock in a research report on Thursday, August 1st. Citigroup upgraded shares of Entegris from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $119.00 to $130.00 in a research report on Monday. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Entegris from $160.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. BMO Capital Markets decreased their target price on shares of Entegris from $160.00 to $145.00 and set an “outperform” rating on the stock in a research note on Thursday, August 1st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $150.00 price target on shares of Entegris in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $146.40.

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).