Entegris (ENTG) Debt Trading 0.5% Lower

An issue of Entegris Inc (NASDAQ:ENTG) bonds fell 0.5% as a percentage of their face value during trading on Friday. The high-yield issue of debt has a 4.625% coupon and will mature on February 10, 2026. The debt is now trading at $98.50 and was trading at $99.25 last week. Price changes in a company’s bonds in credit markets sometimes predict parallel changes in its share price.

Several equities analysts have recently weighed in on ENTG shares. Loop Capital upped their price objective on shares of Entegris from $35.00 to $40.00 and gave the company a “buy” rating in a report on Friday, October 27th. Zacks Investment Research lowered shares of Entegris from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. Dougherty & Co upped their price objective on shares of Entegris from $33.00 to $36.00 and gave the company a “buy” rating in a report on Friday, October 27th. ValuEngine lowered shares of Entegris from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Finally, Citigroup upped their price objective on shares of Entegris from $29.00 to $34.00 and gave the company a “neutral” rating in a report on Friday, October 27th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Entegris has a consensus rating of “Buy” and a consensus target price of $32.77.

Shares of Entegris Inc (NASDAQ ENTG) opened at $33.05 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.14 and a quick ratio of 2.43. Entegris Inc has a fifty-two week low of $20.85 and a fifty-two week high of $35.35. The firm has a market cap of $4,664.71, a PE ratio of 56.02, a P/E/G ratio of 1.68 and a beta of 1.51.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 21st. Investors of record on Wednesday, January 31st will be issued a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.85%. Entegris’s dividend payout ratio is presently 23.73%.

In other Entegris news, Director Paul L. H. Olson sold 3,000 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $30.21, for a total value of $90,630.00. Following the completion of the sale, the director now directly owns 45,364 shares of the company’s stock, valued at approximately $1,370,446.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael A. Bradley sold 5,000 shares of the company’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $30.00, for a total transaction of $150,000.00. Following the completion of the sale, the director now directly owns 65,557 shares of the company’s stock, valued at $1,966,710. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

A number of hedge funds have recently modified their holdings of ENTG. Carillon Tower Advisers Inc. bought a new stake in Entegris in the 4th quarter worth about $51,256,000. Deutsche Bank AG grew its position in Entegris by 118.7% in the 4th quarter. Deutsche Bank AG now owns 1,806,333 shares of the semiconductor company’s stock worth $55,000,000 after purchasing an additional 980,282 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in Entegris in the 3rd quarter worth about $23,700,000. Millennium Management LLC grew its position in Entegris by 225.2% in the 4th quarter. Millennium Management LLC now owns 1,124,553 shares of the semiconductor company’s stock worth $34,243,000 after purchasing an additional 778,761 shares in the last quarter. Finally, Two Sigma Investments LP grew its position in Entegris by 261.5% in the 4th quarter. Two Sigma Investments LP now owns 397,276 shares of the semiconductor company’s stock worth $12,097,000 after purchasing an additional 287,366 shares in the last quarter. 95.70% of the stock is owned by institutional investors and hedge funds.

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About Entegris

Entegris, Inc is a global developer, manufacturer and supplier of microcontamination control products, specialty chemicals and materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries. The Company operates in three business segments: Specialty Chemicals and Engineered Materials (SCEM), Advanced Materials Handling (AMH) and Microcontamination Control (MC).

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