Several other brokerages have also weighed in on ENTG. Deutsche Bank lowered shares of Entegris from a buy rating to a hold rating in a research note on Sunday, October 6th. They noted that the move was a valuation call. Craig Hallum increased their price target on shares of Entegris from $48.00 to $56.00 and gave the stock a buy rating in a research report on Friday. BidaskClub raised shares of Entegris from a buy rating to a strong-buy rating in a research report on Friday, August 16th. Zacks Investment Research raised shares of Entegris from a hold rating to a buy rating and set a $52.00 price target on the stock in a research report on Tuesday, October 8th. Finally, ValuEngine cut shares of Entegris from a buy rating to a hold rating in a research report on Wednesday, October 2nd. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $48.13.
Shares of ENTG traded up $1.65 during mid-day trading on Friday, reaching $49.63. The stock had a trading volume of 1,254,813 shares, compared to its average volume of 1,497,058. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.87 and a quick ratio of 3.66. The firm has a market cap of $6.43 billion, a price-to-earnings ratio of 26.26 and a beta of 1.36. The business’s fifty day moving average is $46.96 and its 200 day moving average is $41.02. Entegris has a 52-week low of $24.43 and a 52-week high of $49.68.
Entegris (NASDAQ:ENTG) last announced its earnings results on Thursday, October 24th. The semiconductor company reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.05. The company had revenue of $394.10 million during the quarter, compared to analyst estimates of $392.09 million. Entegris had a net margin of 17.77% and a return on equity of 24.64%. Entegris’s revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.46 earnings per share. As a group, sell-side analysts anticipate that Entegris will post 1.91 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, October 30th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, October 29th. This represents a $0.32 annualized dividend and a yield of 0.64%. Entegris’s dividend payout ratio (DPR) is 16.93%.
In related news, SVP William James Shaner sold 22,544 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $44.21, for a total value of $996,670.24. Following the sale, the senior vice president now owns 49,830 shares of the company’s stock, valued at $2,202,984.30. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of ENTG. Iridian Asset Management LLC CT acquired a new stake in Entegris in the second quarter valued at approximately $116,933,000. Price T Rowe Associates Inc. MD raised its holdings in Entegris by 17.1% during the second quarter. Price T Rowe Associates Inc. MD now owns 16,388,545 shares of the semiconductor company’s stock worth $611,620,000 after purchasing an additional 2,391,166 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in Entegris during the second quarter worth approximately $37,003,000. Schroder Investment Management Group raised its holdings in Entegris by 51.0% during the second quarter. Schroder Investment Management Group now owns 2,467,783 shares of the semiconductor company’s stock worth $92,098,000 after purchasing an additional 833,811 shares in the last quarter. Finally, Fenimore Asset Management Inc. acquired a new stake in Entegris during the second quarter worth approximately $20,036,000.
Entegris Company Profile
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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