Entegris, Inc. (NASDAQ:ENTG) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Entegris, Inc. (NASDAQ:ENTGGet Rating) have received an average rating of “Moderate Buy” from the twelve research firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $146.10.

ENTG has been the topic of a number of research reports. StockNews.com downgraded shares of Entegris from a “hold” rating to a “sell” rating in a research note on Wednesday, August 24th. Stifel Nicolaus lifted their price target on shares of Entegris from $186.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, August 16th. Mizuho lifted their price target on shares of Entegris from $146.00 to $148.00 and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. UBS Group dropped their price target on shares of Entegris from $125.00 to $120.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 3rd. Finally, KeyCorp dropped their price target on shares of Entegris from $150.00 to $132.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 20th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in Entegris by 2.6% during the 1st quarter. BlackRock Inc. now owns 15,038,324 shares of the semiconductor company’s stock worth $1,973,931,000 after acquiring an additional 374,707 shares in the last quarter. Select Equity Group L.P. boosted its holdings in shares of Entegris by 16.5% in the 1st quarter. Select Equity Group L.P. now owns 8,090,333 shares of the semiconductor company’s stock valued at $1,061,937,000 after buying an additional 1,143,666 shares during the period. Sands Capital Management LLC boosted its holdings in shares of Entegris by 6.9% in the 2nd quarter. Sands Capital Management LLC now owns 4,754,208 shares of the semiconductor company’s stock valued at $438,005,000 after buying an additional 306,062 shares during the period. WCM Investment Management LLC boosted its holdings in shares of Entegris by 2.3% in the 1st quarter. WCM Investment Management LLC now owns 2,934,912 shares of the semiconductor company’s stock valued at $385,237,000 after buying an additional 64,860 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Entegris by 2.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,742,612 shares of the semiconductor company’s stock valued at $252,677,000 after buying an additional 69,028 shares during the period. 91.77% of the stock is owned by institutional investors and hedge funds.

Entegris Stock Performance

Shares of ENTG stock opened at $91.44 on Thursday. The company’s fifty day simple moving average is $100.13 and its 200-day simple moving average is $107.41. Entegris has a 52 week low of $85.92 and a 52 week high of $158.00. The company has a current ratio of 9.86, a quick ratio of 8.37 and a debt-to-equity ratio of 1.78. The company has a market cap of $13.62 billion, a PE ratio of 27.05 and a beta of 1.28.

Entegris (NASDAQ:ENTGGet Rating) last issued its earnings results on Tuesday, August 2nd. The semiconductor company reported $1.00 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.05). Entegris had a net margin of 18.02% and a return on equity of 30.56%. The business had revenue of $692.50 million during the quarter, compared to analysts’ expectations of $665.90 million. During the same period in the prior year, the business posted $0.85 EPS. The business’s revenue was up 21.2% on a year-over-year basis. As a group, equities research analysts anticipate that Entegris will post 4.07 EPS for the current year.

Entegris Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 24th. Shareholders of record on Wednesday, August 3rd were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.44%. The ex-dividend date was Tuesday, August 2nd. Entegris’s dividend payout ratio is currently 11.83%.

About Entegris

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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: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); and Advanced Materials Handling (AMH).

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Analyst Recommendations for Entegris (NASDAQ:ENTG)

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