Brokerages Set Entegris, Inc. (NASDAQ:ENTG) PT at $149.80

Entegris, Inc. (NASDAQ:ENTGGet Free Report) has earned a consensus recommendation of “Moderate Buy” from the ten analysts that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $149.80.

ENTG has been the topic of several recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $150.00 price objective on shares of Entegris in a report on Monday, May 13th. Mizuho increased their price objective on shares of Entegris from $140.00 to $143.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $160.00 price objective on shares of Entegris in a report on Wednesday, June 26th.

View Our Latest Research Report on Entegris

Insider Buying and Selling at Entegris

In other Entegris news, CEO Bertrand Loy sold 27,044 shares of Entegris stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $140.63, for a total transaction of $3,803,197.72. Following the completion of the sale, the chief executive officer now directly owns 263,068 shares in the company, valued at $36,995,252.84. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Entegris news, CEO Bertrand Loy sold 27,044 shares of Entegris stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $140.63, for a total transaction of $3,803,197.72. Following the completion of the sale, the chief executive officer now directly owns 263,068 shares in the company, valued at $36,995,252.84. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Daniel D. Woodland sold 15,000 shares of Entegris stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $140.00, for a total transaction of $2,100,000.00. Following the sale, the insider now owns 37,457 shares of the company’s stock, valued at $5,243,980. The disclosure for this sale can be found here. Insiders sold a total of 55,796 shares of company stock worth $7,695,921 over the last three months. Insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Entegris by 0.8% in the first quarter. Vanguard Group Inc. now owns 14,666,653 shares of the semiconductor company’s stock valued at $2,061,251,000 after purchasing an additional 112,638 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Entegris by 7.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,085,147 shares of the semiconductor company’s stock worth $1,838,988,000 after acquiring an additional 916,420 shares during the last quarter. WCM Investment Management LLC lifted its stake in Entegris by 0.4% in the fourth quarter. WCM Investment Management LLC now owns 5,173,163 shares of the semiconductor company’s stock worth $628,177,000 after acquiring an additional 22,249 shares during the last quarter. Norges Bank purchased a new position in Entegris in the fourth quarter worth approximately $278,727,000. Finally, Earnest Partners LLC lifted its stake in Entegris by 7.0% in the first quarter. Earnest Partners LLC now owns 1,847,065 shares of the semiconductor company’s stock worth $259,587,000 after acquiring an additional 120,507 shares during the last quarter.

Entegris Stock Performance

ENTG opened at $140.23 on Wednesday. The company has a quick ratio of 2.02, a current ratio of 3.35 and a debt-to-equity ratio of 1.22. The company has a market cap of $21.15 billion, a price-to-earnings ratio of 67.42, a PEG ratio of 1.61 and a beta of 1.25. Entegris has a 52-week low of $84.13 and a 52-week high of $146.91. The firm’s fifty day simple moving average is $132.68 and its two-hundred day simple moving average is $130.05.

Entegris (NASDAQ:ENTGGet Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.07. The business had revenue of $771.03 million for the quarter, compared to the consensus estimate of $769.24 million. Entegris had a net margin of 9.31% and a return on equity of 11.94%. The company’s revenue was down 16.4% compared to the same quarter last year. During the same period last year, the firm posted $0.65 earnings per share. Equities analysts anticipate that Entegris will post 3.25 earnings per share for the current fiscal year.

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 1st were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.29%. The ex-dividend date of this dividend was Tuesday, April 30th. Entegris’s payout ratio is currently 19.23%.

About Entegris

(Get Free Report

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).

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Analyst Recommendations for Entegris (NASDAQ:ENTG)

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