Analysts Set Entegris, Inc. (NASDAQ:ENTG) PT at $141.64

Entegris, Inc. (NASDAQ:ENTG) has been given an average recommendation of “Moderate Buy” by the nine research firms that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $141.64.

A number of research firms recently weighed in on ENTG. Needham & Company LLC restated a “buy” rating and issued a $150.00 price target on shares of Entegris in a research note on Thursday, March 7th. Wolfe Research assumed coverage on shares of Entegris in a report on Friday, March 1st. They issued an “outperform” rating and a $160.00 price target for the company. KeyCorp boosted their price objective on shares of Entegris from $136.00 to $164.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Craig Hallum raised shares of Entegris from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a report on Thursday, February 15th. Finally, UBS Group lifted their price target on shares of Entegris from $90.00 to $130.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th.

Entegris Price Performance

Shares of NASDAQ ENTG opened at $126.17 on Friday. The stock has a fifty day moving average price of $136.04 and a 200 day moving average price of $117.73. Entegris has a 1-year low of $69.37 and a 1-year high of $146.91. The company has a debt-to-equity ratio of 1.35, a current ratio of 3.85 and a quick ratio of 2.67. The company has a market cap of $19.02 billion, a PE ratio of 106.03 and a beta of 1.32.

Entegris (NASDAQ:ENTG) last issued its earnings results on Tuesday, February 13th. The semiconductor company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.06. The business had revenue of $812.30 million for the quarter, compared to the consensus estimate of $780.95 million. Entegris had a net margin of 5.13% and a return on equity of 12.00%. The business’s quarterly revenue was down 14.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.83 earnings per share. Sell-side analysts forecast that Entegris will post 3.31 EPS for the current year.

Entegris Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 1st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.32%. Entegris’s dividend payout ratio (DPR) is 33.61%.

Insider Activity at Entegris

In other news, SVP Susan G. Rice sold 17,518 shares of Entegris stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $135.86, for a total transaction of $2,379,995.48. Following the completion of the sale, the senior vice president now directly owns 42,931 shares in the company, valued at $5,832,605.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, SVP Susan G. Rice sold 17,518 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $135.86, for a total transaction of $2,379,995.48. Following the sale, the senior vice president now owns 42,931 shares in the company, valued at $5,832,605.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Michael Sauer sold 1,897 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were 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 owns 1,779 shares of the company’s stock, valued at $235,788.66. The disclosure for this sale can be found here. Insiders have sold a total of 41,082 shares of company stock valued at $5,606,849 over the last quarter. Insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On Entegris

Several hedge funds have recently modified their holdings of ENTG. Trust Co. of Vermont purchased a new position in Entegris during the fourth quarter worth approximately $31,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Entegris in the fourth quarter valued at $35,000. Legacy Financial Group LLC purchased a new stake in Entegris during the third quarter valued at about $30,000. Quent Capital LLC increased its stake in Entegris by 59.1% during the fourth quarter. Quent Capital LLC now owns 366 shares of the semiconductor company’s stock worth $44,000 after acquiring an additional 136 shares during the last quarter. Finally, Arlington Trust Co LLC purchased a new position in shares of Entegris in the 4th quarter worth about $46,000.

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).