Entegris (NASDAQ:ENTG) Stock Rating Lowered by StockNews.com

Entegris (NASDAQ:ENTG) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Several other research firms have also issued reports on ENTG. KeyCorp reduced their price target on shares of Entegris from $141.00 to $130.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Mizuho dropped their target price on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Finally, Needham & Company LLC restated a “buy” rating and issued a $120.00 target price on shares of Entegris in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Entegris has a consensus rating of “Moderate Buy” and a consensus price target of $123.50.

Entegris Trading Up 1.7 %

Entegris stock opened at $68.73 on Friday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08. The stock has a 50-day simple moving average of $90.83 and a 200 day simple moving average of $99.55. The stock has a market capitalization of $10.40 billion, a P/E ratio of 35.61, a PEG ratio of 1.50 and a beta of 1.36. Entegris has a 52 week low of $60.75 and a 52 week high of $147.57.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.07. Entegris had a return on equity of 12.83% and a net margin of 9.03%. Analysts expect that Entegris will post 3.51 earnings per share for the current year.

Insiders Place Their Bets

In other Entegris news, SVP Olivier Blachier sold 984 shares of Entegris stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $108.00, for a total transaction of $106,272.00. Following the completion of the sale, the senior vice president now directly owns 10,903 shares in the company, valued at $1,177,524. The trade was a 8.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Clinton M. Haris sold 12,652 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $106.92, for a total value of $1,352,751.84. Following the completion of the transaction, the senior vice president now owns 34,820 shares of the company’s stock, valued at $3,722,954.40. The trade was a 26.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On Entegris

Hedge funds have recently made changes to their positions in the business. Synovus Financial Corp increased its stake in shares of Entegris by 102.3% in the third quarter. Synovus Financial Corp now owns 38,253 shares of the semiconductor company’s stock worth $4,305,000 after buying an additional 19,340 shares during the period. Swedbank AB boosted its holdings in shares of Entegris by 47.7% during the fourth quarter. Swedbank AB now owns 1,550,942 shares of the semiconductor company’s stock worth $153,636,000 after purchasing an additional 500,581 shares during the period. Argent Capital Management LLC grew its stake in shares of Entegris by 9.9% in the fourth quarter. Argent Capital Management LLC now owns 31,066 shares of the semiconductor company’s stock worth $3,077,000 after purchasing an additional 2,793 shares during the last quarter. National Bank of Canada FI increased its holdings in Entegris by 66,855.0% during the 4th quarter. National Bank of Canada FI now owns 490,780 shares of the semiconductor company’s stock valued at $48,617,000 after purchasing an additional 490,047 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in Entegris by 14.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,060,378 shares of the semiconductor company’s stock valued at $105,041,000 after purchasing an additional 137,046 shares during the last quarter.

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).