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

Entegris, Inc. (NASDAQ:ENTG) has received an average rating of “Moderate Buy” from the nine research firms that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $141.64.

A number of research analysts have recently weighed in on the company. Citigroup raised their target price on Entegris from $117.00 to $134.00 and gave the company a “neutral” rating in a report on Friday, February 16th. KeyCorp increased their price target on Entegris from $136.00 to $164.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. Wolfe Research began coverage on Entegris in a research report on Friday, March 1st. They set an “outperform” rating and a $160.00 price target for the company. StockNews.com downgraded Entegris from a “hold” rating to a “sell” rating in a research report on Thursday, February 22nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $150.00 price target on shares of Entegris in a research report on Thursday, March 7th.

Insiders Place Their Bets

In other news, CAO Michael Sauer sold 1,897 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total value of $251,428.38. Following the completion of the transaction, the chief accounting officer now directly owns 1,779 shares of the company’s stock, valued at $235,788.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CAO Michael Sauer sold 1,897 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total value of $251,428.38. Following the completion of the transaction, the chief accounting officer now directly owns 1,779 shares of the company’s stock, valued at $235,788.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Michael Besnard sold 12,667 shares of Entegris stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $135.78, for a total value of $1,719,925.26. Following the sale, the senior vice president now directly owns 10,213 shares of the company’s stock, valued at approximately $1,386,721.14. The disclosure for this sale can be found here. Insiders sold 41,082 shares of company stock valued at $5,606,849 over the last ninety days. 0.67% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Entegris

Large investors have recently added to or reduced their stakes in the business. WCM Investment Management LLC lifted its stake in Entegris by 0.4% during the fourth quarter. WCM Investment Management LLC now owns 5,173,163 shares of the semiconductor company’s stock worth $628,177,000 after purchasing an additional 22,249 shares during the last quarter. QRG Capital Management Inc. bought a new stake in Entegris during the third quarter worth about $663,000. Crestwood Advisors Group LLC bought a new stake in Entegris during the third quarter worth about $3,087,000. Gates Capital Management Inc. lifted its stake in Entegris by 9,839.3% during the third quarter. Gates Capital Management Inc. now owns 701,613 shares of the semiconductor company’s stock worth $65,888,000 after purchasing an additional 694,554 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in Entegris by 11.5% during the third quarter. Nordea Investment Management AB now owns 9,878 shares of the semiconductor company’s stock worth $936,000 after purchasing an additional 1,020 shares during the last quarter.

Entegris Stock Down 1.7 %

Shares of NASDAQ:ENTG opened at $127.09 on Friday. Entegris has a 52-week low of $69.37 and a 52-week high of $146.91. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.67 and a current ratio of 3.85. The business’s 50 day simple moving average is $136.14 and its two-hundred day simple moving average is $116.76. The firm has a market cap of $19.16 billion, a P/E ratio of 106.80 and a beta of 1.32.

Entegris (NASDAQ:ENTG) last posted its earnings results on Tuesday, February 13th. The semiconductor company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. Entegris had a return on equity of 12.00% and a net margin of 5.13%. The company had revenue of $812.30 million for the quarter, compared to analyst estimates of $780.95 million. During the same quarter last year, the company earned $0.83 earnings per share. The company’s revenue for the quarter was down 14.1% on a year-over-year basis. As a group, research analysts forecast that Entegris will post 3.31 EPS for the current fiscal year.

Entegris Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 1st will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date of this dividend is Tuesday, April 30th. Entegris’s dividend payout ratio is currently 33.61%.

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: Materials Solutions (MS); Microcontamination Control (MC); and Advanced Materials Handling (AMH).