Entegris (NASDAQ:ENTG) Trading Up 7.2% – Should You Buy?

Shares of Entegris, Inc. (NASDAQ:ENTG) shot up 7.2% on Monday . The company traded as high as $78.01 and last traded at $78.17. 683,310 shares traded hands during trading, a decline of 74% from the average session volume of 2,595,032 shares. The stock had previously closed at $72.92.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ENTG shares. Wall Street Zen lowered shares of Entegris from a “hold” rating to a “sell” rating in a report on Saturday, April 19th. UBS Group reduced their price objective on shares of Entegris from $90.00 to $85.00 and set a “neutral” rating for the company in a research note on Thursday, May 8th. KeyCorp lowered their target price on shares of Entegris from $130.00 to $117.00 and set an “overweight” rating on the stock in a research note on Thursday, May 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Entegris in a research note on Tuesday, May 20th. Finally, Citigroup decreased their target price on Entegris from $125.00 to $102.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $113.00.

Entegris Stock Up 8.0%

The company has a fifty day moving average price of $74.44 and a 200-day moving average price of $92.44. 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 firm has a market capitalization of $11.93 billion, a PE ratio of 40.78, a PEG ratio of 1.50 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last released its earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.02). The company had revenue of $773.20 million for the quarter, compared to the consensus estimate of $790.75 million. Entegris had a net margin of 9.03% and a return on equity of 12.83%. The business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.68 EPS. As a group, analysts expect that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, April 30th were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $0.40 annualized dividend and a yield of 0.51%. Entegris’s dividend payout ratio (DPR) is currently 19.61%.

Hedge Funds Weigh In On Entegris

Hedge funds have recently made changes to their positions in the stock. Costello Asset Management INC acquired a new position in shares of Entegris during the first quarter worth about $26,000. Rise Advisors LLC acquired a new position in Entegris in the 1st quarter valued at about $26,000. Central Pacific Bank Trust Division raised its stake in Entegris by 125.7% during the 1st quarter. Central Pacific Bank Trust Division now owns 307 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 171 shares during the last quarter. Quarry LP acquired a new stake in Entegris during the 4th quarter worth approximately $28,000. Finally, Neo Ivy Capital Management purchased a new position in shares of Entegris in the 4th quarter valued at approximately $34,000.

About Entegris

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).