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

Shares of Entegris, Inc. (NASDAQ:ENTG – Get Rating) have earned a consensus recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $108.40.

ENTG has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Entegris from $90.00 to $95.00 in a research note on Monday, February 6th. Needham & Company LLC upped their target price on shares of Entegris from $86.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, February 15th. Mizuho reduced their target price on shares of Entegris from $105.00 to $95.00 and set a “buy” rating for the company in a research note on Wednesday, February 15th. KeyCorp boosted their price target on shares of Entegris from $93.00 to $105.00 and gave the stock an “overweight” rating in a report on Wednesday, February 15th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $95.00 price objective on shares of Entegris in a report on Wednesday, February 15th.

Insider Activity

In other Entegris news, SVP Clinton M. Haris sold 11,344 shares of the company’s stock in a transaction on Thursday, February 16th. The stock was sold at an average price of $87.39, for a total value of $991,352.16. Following the transaction, the senior vice president now owns 41,290 shares of the company’s stock, valued at approximately $3,608,333.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Entegris news, CFO Gregory B. Graves sold 3,691 shares of the stock in a transaction dated Tuesday, February 14th. The stock was sold at an average price of $83.72, for a total value of $309,010.52. Following the completion of the sale, the chief financial officer now directly owns 33,932 shares in the company, valued at $2,840,787.04. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Clinton M. Haris sold 11,344 shares of the stock in a transaction dated Thursday, February 16th. The shares were sold at an average price of $87.39, for a total value of $991,352.16. Following the completion of the sale, the senior vice president now owns 41,290 shares of the company’s stock, valued at $3,608,333.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,108 shares of company stock valued at $1,963,883. 0.61% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Advisors Asset Management Inc. boosted its position in Entegris by 5.7% during the second quarter. Advisors Asset Management Inc. now owns 1,787 shares of the semiconductor company’s stock worth $165,000 after purchasing an additional 97 shares in the last quarter. Waldron Private Wealth LLC increased its stake in Entegris by 5.8% during the third quarter. Waldron Private Wealth LLC now owns 2,446 shares of the semiconductor company’s stock worth $203,000 after acquiring an additional 135 shares during the last quarter. Quadrant Capital Group LLC increased its stake in Entegris by 4.9% during the fourth quarter. Quadrant Capital Group LLC now owns 2,985 shares of the semiconductor company’s stock worth $196,000 after acquiring an additional 140 shares during the last quarter. Achmea Investment Management B.V. increased its stake in Entegris by 3.5% during the first quarter. Achmea Investment Management B.V. now owns 4,218 shares of the semiconductor company’s stock worth $554,000 after acquiring an additional 144 shares during the last quarter. Finally, SRS Capital Advisors Inc. grew its stake in shares of Entegris by 8.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,980 shares of the semiconductor company’s stock valued at $130,000 after buying an additional 160 shares in the last quarter. 98.21% of the stock is owned by institutional investors and hedge funds.

Entegris Price Performance

ENTG stock opened at $80.67 on Thursday. The company has a quick ratio of 2.00, a current ratio of 3.06 and a debt-to-equity ratio of 1.75. Entegris has a 12 month low of $61.75 and a 12 month high of $141.82. The firm has a market cap of $12.05 billion, a P/E ratio of 52.73 and a beta of 1.28. The company’s 50-day moving average price is $81.53 and its two-hundred day moving average price is $79.61.

Entegris (NASDAQ:ENTG – Get Rating) last announced its quarterly earnings results on Tuesday, February 14th. The semiconductor company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.05. Entegris had a net margin of 6.37% and a return on equity of 21.22%. The company had revenue of $946.07 million for the quarter, compared to analyst estimates of $949.14 million. During the same period in the previous year, the firm posted $0.96 EPS. The firm’s revenue was up 48.9% on a year-over-year basis. On average, analysts anticipate that Entegris will post 2.69 earnings per share for the current fiscal year.

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 22nd. Stockholders of record on Wednesday, February 1st were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend was Tuesday, January 31st. Entegris’s dividend payout ratio is currently 26.14%.

Entegris Company Profile

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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).