Entegris, Inc. (NASDAQ:ENTG) Short Interest Update

Posted by Defense World Staff on May 30th, 2023

Entegris, Inc. (NASDAQ:ENTG – Get Rating) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 6,850,000 shares, a growth of 7.4% from the April 30th total of 6,380,000 shares. Based on an average daily volume of 1,560,000 shares, the short-interest ratio is presently 4.4 days.

Entegris Stock Performance

Shares of Entegris stock opened at $107.22 on Tuesday. The company has a 50 day moving average of $81.29 and a 200-day moving average of $78.55. The company has a market cap of $16.05 billion, a PE ratio of 5,361.00 and a beta of 1.27. The company has a current ratio of 3.14, a quick ratio of 2.08 and a debt-to-equity ratio of 1.78. Entegris has a 1-year low of $61.75 and a 1-year high of $115.43.

Entegris Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 24th. Shareholders of record on Wednesday, May 3rd were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date was Tuesday, May 2nd. Entegris’s dividend payout ratio is presently 2,000.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ENTG shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of Entegris from $90.00 to $100.00 in a research report on Thursday, May 11th. Mizuho boosted their target price on Entegris from $95.00 to $98.00 in a research note on Friday, May 12th. StockNews.com raised Entegris to a “sell” rating in a research note on Friday. Loop Capital dropped their price target on shares of Entegris from $143.00 to $123.00 in a research note on Monday, May 15th. Finally, Citigroup cut shares of Entegris from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $92.00 to $86.00 in a report on Monday, April 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $111.45.

Insider Transactions at Entegris

In other Entegris news, SVP James Anthony O’neill sold 4,845 shares of the business’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $90.72, for a total transaction of $439,538.40. Following the sale, the senior vice president now owns 15,588 shares in the company, valued at approximately $1,414,143.36. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.81% of the stock is owned by insiders.

Institutional Trading of Entegris

Several large investors have recently bought and sold shares of the business. Exchange Traded Concepts LLC bought a new stake in shares of Entegris during the 4th quarter valued at approximately $27,000. KB Financial Partners LLC bought a new stake in Entegris during the 1st quarter worth $34,000. Belpointe Asset Management LLC raised its position in Entegris by 51.1% in the first quarter. Belpointe Asset Management LLC now owns 485 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 164 shares during the last quarter. Neo Ivy Capital Management acquired a new position in shares of Entegris in the third quarter valued at approximately $54,000. Finally, TCTC Holdings LLC bought a new position in Entegris in the 4th quarter valued at approximately $45,000. 98.21% of the stock is owned by institutional investors and hedge funds.

Entegris Company Profile

(Get Rating)

Entegris, Inc engages in the development, manufacture, and supply of specialty materials for the microelectronics industry. It operates through the following business segments: Specialty Chemicals and Engineered Materials (SCEM), Advanced Materials Handling (AMH), and Microcontamination Control (MC).

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