Shares of Entegris, Inc. (NASDAQ:ENTG – Get Rating) have received an average recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $107.60.
Several research firms have commented on ENTG. Citigroup lowered their price target on Entegris from $145.00 to $92.00 and set a “buy” rating for the company in a report on Friday, November 4th. Mizuho decreased their price target on shares of Entegris from $112.00 to $105.00 and set a “buy” rating on the stock in a report on Thursday, January 12th. The Goldman Sachs Group dropped their price objective on Entegris from $104.00 to $90.00 and set a “buy” rating for the company in a report on Friday, November 4th. TheStreet cut Entegris from a “b-” rating to a “c” rating in a report on Wednesday, November 2nd. Finally, Craig Hallum dropped their price target on Entegris from $120.00 to $102.00 in a research note on Thursday, November 3rd.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Wipfli Financial Advisors LLC acquired a new position in Entegris in the 3rd quarter worth $28,000. James Investment Research Inc. acquired a new position in shares of Entegris in the third quarter worth about $28,000. Ellevest Inc. lifted its stake in shares of Entegris by 264.8% in the third quarter. Ellevest Inc. now owns 394 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 286 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in Entegris during the 4th quarter valued at approximately $27,000. Finally, Tobam acquired a new stake in Entegris during the 2nd quarter valued at approximately $38,000. 98.21% of the stock is currently owned by hedge funds and other institutional investors.
Entegris Price Performance
Entegris (NASDAQ:ENTG – Get Rating) last released its earnings results on Wednesday, November 2nd. The semiconductor company reported $0.85 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.13). Entegris had a return on equity of 25.30% and a net margin of 9.08%. The firm had revenue of $993.83 million during the quarter, compared to analysts’ expectations of $1.01 billion. Equities analysts predict that Entegris will post 3.7 earnings per share for the current year.
Entegris Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 22nd. Stockholders of record on Wednesday, February 1st will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, January 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.50%. Entegris’s dividend payout ratio is currently 19.80%.
Entegris Company Profile
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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