Shares of Entegris Inc (NASDAQ:ENTG) have been given a consensus rating of “Buy” by the eleven research firms that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $42.33.
Several research analysts recently commented on the company. Loop Capital cut their price target on Entegris to $46.00 and set a “buy” rating on the stock in a research note on Tuesday, April 9th. Berenberg Bank assumed coverage on Entegris in a research note on Thursday, March 21st. They issued a “buy” rating and a $43.00 price target on the stock. BidaskClub cut Entegris from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 21st. ValuEngine upgraded Entegris from a “hold” rating to a “buy” rating in a research note on Wednesday, February 27th. Finally, Deutsche Bank boosted their price target on Entegris from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday.
Shares of NASDAQ ENTG traded up $0.26 on Friday, hitting $40.61. The company had a trading volume of 699,873 shares, compared to its average volume of 1,447,555. Entegris has a 12-month low of $23.39 and a 12-month high of $40.77. The company has a debt-to-equity ratio of 0.92, a current ratio of 3.82 and a quick ratio of 2.82. The company has a market capitalization of $5.50 billion, a price-to-earnings ratio of 21.49 and a beta of 1.32.
Entegris (NASDAQ:ENTG) last issued its earnings results on Tuesday, February 5th. The semiconductor company reported $0.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.01. Entegris had a return on equity of 25.86% and a net margin of 15.53%. The company had revenue of $401.60 million during the quarter, compared to the consensus estimate of $398.98 million. During the same quarter in the prior year, the business earned $0.42 earnings per share. The company’s revenue was up 14.5% compared to the same quarter last year. Research analysts expect that Entegris will post 2.01 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 1st will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Tuesday, April 30th. Entegris’s payout ratio is currently 14.81%.
In other Entegris news, CFO Gregory B. Graves sold 37,167 shares of the company’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $34.24, for a total transaction of $1,272,598.08. Following the sale, the chief financial officer now owns 67,126 shares in the company, valued at $2,298,394.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Michael Sauer sold 3,788 shares of the company’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $36.61, for a total value of $138,678.68. Following the sale, the vice president now owns 12,782 shares in the company, valued at approximately $467,949.02. The disclosure for this sale can be found here. Insiders have sold 85,508 shares of company stock worth $3,019,111 in the last 90 days. 1.50% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in ENTG. NumerixS Investment Technologies Inc bought a new position in shares of Entegris during the fourth quarter valued at approximately $36,000. CX Institutional bought a new position in Entegris during the 4th quarter valued at $73,000. Meeder Asset Management Inc. boosted its stake in Entegris by 1,148.1% during the 1st quarter. Meeder Asset Management Inc. now owns 2,359 shares of the semiconductor company’s stock valued at $84,000 after purchasing an additional 2,170 shares in the last quarter. First Interstate Bank boosted its stake in Entegris by 22.1% during the 4th quarter. First Interstate Bank now owns 5,450 shares of the semiconductor company’s stock valued at $152,000 after purchasing an additional 985 shares in the last quarter. Finally, Berman Capital Advisors LLC bought a new position in Entegris during the 4th quarter valued at $174,000.
Entegris, Inc develops, manufactures, and supplies micro contamination control products, specialty chemicals, and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries worldwide. It operates through three segments: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); and Advanced Materials Handling (AMH).
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