Entegris, Inc. (ENTG) Receives Average Recommendation of “Buy” from Analysts

Shares of Entegris, Inc. (NASDAQ:ENTG) have earned an average recommendation of “Buy” from the thirteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $32.10.

A number of analysts have recently commented on the company. Needham & Company LLC restated a “buy” rating and issued a $29.00 target price on shares of Entegris in a research note on Tuesday, September 19th. Loop Capital assumed coverage on Entegris in a research note on Thursday, September 28th. They issued a “buy” rating and a $35.00 target price on the stock. ValuEngine downgraded Entegris from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Dougherty & Co increased their price target on Entegris from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Finally, Zacks Investment Research downgraded Entegris from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th.

In other Entegris news, COO Todd James Edlund sold 5,954 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $32.32, for a total transaction of $192,433.28. Following the completion of the transaction, the chief operating officer now owns 143,774 shares of the company’s stock, valued at $4,646,775.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Stuart Tison sold 3,814 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $31.00, for a total value of $118,234.00. Following the transaction, the senior vice president now directly owns 81,943 shares of the company’s stock, valued at approximately $2,540,233. The disclosure for this sale can be found here. Insiders have sold 13,296 shares of company stock worth $425,962 in the last quarter. 1.50% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in the business. Wolverine Trading LLC raised its holdings in shares of Entegris by 149.6% during the third quarter. Wolverine Trading LLC now owns 6,989 shares of the semiconductor company’s stock valued at $202,000 after acquiring an additional 21,089 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of Entegris by 9.0% during the third quarter. California Public Employees Retirement System now owns 175,646 shares of the semiconductor company’s stock valued at $5,067,000 after acquiring an additional 14,546 shares during the last quarter. Vident Investment Advisory LLC acquired a new position in shares of Entegris during the third quarter valued at approximately $2,861,000. Royce & Associates LP acquired a new position in shares of Entegris during the third quarter valued at approximately $2,092,000. Finally, Welch & Forbes LLC acquired a new position in shares of Entegris during the third quarter valued at approximately $236,000. 96.52% of the stock is owned by institutional investors and hedge funds.

Shares of Entegris (ENTG) traded up $0.05 on Thursday, hitting $29.15. The stock had a trading volume of 589,600 shares, compared to its average volume of 863,836. Entegris has a 1 year low of $17.65 and a 1 year high of $33.05. The company has a quick ratio of 2.43, a current ratio of 3.14 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $4,114.64, a P/E ratio of 22.91, a price-to-earnings-growth ratio of 1.89 and a beta of 1.52.

Entegris (NASDAQ:ENTG) last issued its earnings results on Thursday, October 26th. The semiconductor company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.06. Entegris had a return on equity of 18.82% and a net margin of 10.73%. The firm had revenue of $345.60 million for the quarter, compared to the consensus estimate of $334.30 million. During the same quarter in the prior year, the business earned $0.24 earnings per share. The company’s revenue was up 16.5% compared to the same quarter last year. equities research analysts expect that Entegris will post 1.37 EPS for the current fiscal year.

The firm also recently declared a special dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 1st were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, October 31st. Entegris’s dividend payout ratio is currently 7.22%.

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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).

Analyst Recommendations for Entegris (NASDAQ:ENTG)

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