Entegris, Inc. (NASDAQ:ENTG – Get Free Report) insider Bertrand Loy sold 17,396 shares of the business’s stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $140.22, for a total value of $2,439,267.12. Following the completion of the transaction, the insider directly owned 227,527 shares in the company, valued at $31,903,835.94. This represents a 7.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Bertrand Loy also recently made the following trade(s):
- On Wednesday, February 25th, Bertrand Loy sold 50,322 shares of Entegris stock. The shares were sold at an average price of $137.41, for a total value of $6,914,746.02.
- On Tuesday, February 24th, Bertrand Loy sold 59,516 shares of Entegris stock. The shares were sold at an average price of $138.95, for a total value of $8,269,748.20.
- On Monday, February 2nd, Bertrand Loy sold 65,250 shares of Entegris stock. The shares were sold at an average price of $119.61, for a total value of $7,804,552.50.
Entegris Stock Up 7.5%
Shares of NASDAQ:ENTG opened at $146.06 on Friday. The company has a market capitalization of $22.20 billion, a price-to-earnings ratio of 94.84, a P/E/G ratio of 2.55 and a beta of 1.32. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.35 and a quick ratio of 2.04. The business’s 50-day moving average is $125.09 and its 200-day moving average is $104.49. Entegris, Inc. has a 1 year low of $65.72 and a 1 year high of $146.46.
Entegris Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Wednesday, April 29th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Wednesday, April 29th. Entegris’s payout ratio is currently 25.97%.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Entegris by 0.3% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 31,400 shares of the semiconductor company’s stock worth $2,645,000 after buying an additional 100 shares during the period. Verdence Capital Advisors LLC raised its stake in Entegris by 2.7% during the 3rd quarter. Verdence Capital Advisors LLC now owns 4,817 shares of the semiconductor company’s stock worth $454,000 after buying an additional 126 shares during the period. Northwestern Mutual Investment Management Company LLC raised its stake in Entegris by 0.4% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 33,918 shares of the semiconductor company’s stock worth $2,858,000 after buying an additional 127 shares during the period. TD Private Client Wealth LLC raised its stake in Entegris by 13.3% during the 4th quarter. TD Private Client Wealth LLC now owns 1,152 shares of the semiconductor company’s stock worth $97,000 after buying an additional 135 shares during the period. Finally, CIBC Asset Management Inc raised its stake in Entegris by 2.1% during the 4th quarter. CIBC Asset Management Inc now owns 6,698 shares of the semiconductor company’s stock worth $564,000 after buying an additional 140 shares during the period.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on ENTG. The Goldman Sachs Group boosted their price objective on Entegris from $75.00 to $95.00 and gave the company a “sell” rating in a research note on Wednesday, February 11th. KeyCorp upped their price target on Entegris from $111.00 to $156.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft downgraded Entegris from a “buy” rating to a “hold” rating and set a $105.00 price target on the stock. in a research note on Tuesday, February 3rd. Needham & Company LLC reaffirmed a “strong-buy” rating on shares of Entegris in a research note on Tuesday, January 20th. Finally, UBS Group reaffirmed a “buy” rating and set a $150.00 price target on shares of Entegris in a research note on Monday, February 2nd. Six research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $133.78.
Get Our Latest Stock Report on Entegris
About Entegris
Entegris, Inc is a leading provider of advanced materials and process control solutions for the semiconductor and other high-technology industries. The company develops and supplies a broad portfolio of products designed to ensure purity and reliability throughout the manufacturing process, helping customers address critical contamination and yield challenges.
Entegris’s product offerings include high-purity chemicals and specialty materials, liquid and gas filtration and purification systems, and sophisticated wafer and chip handling solutions.
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