Entegris, Inc. (NASDAQ:ENTG) Receives Average Rating of “Moderate Buy” from Analysts

Entegris, Inc. (NASDAQ:ENTG) has earned an average recommendation of “Moderate Buy” from the eleven research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $164.2222.

A number of research firms recently commented on ENTG. Needham & Company LLC increased their price target on Entegris from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. BMO Capital Markets lifted their price target on Entegris from $153.00 to $167.00 and gave the company an “outperform” rating in a report on Monday, July 6th. Weiss Ratings raised shares of Entegris from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Wall Street Zen upgraded shares of Entegris from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 12th. Finally, UBS Group upped their target price on shares of Entegris from $185.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, May 1st.

Entegris Price Performance

Shares of Entegris stock opened at $107.01 on Thursday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.05 and a current ratio of 3.21. The firm’s 50-day simple moving average is $145.26 and its 200-day simple moving average is $133.48. The firm has a market cap of $16.32 billion, a P/E ratio of 61.86, a price-to-earnings-growth ratio of 1.38 and a beta of 1.31. Entegris has a twelve month low of $67.97 and a twelve month high of $186.94.

Entegris (NASDAQ:ENTG) last posted its earnings results on Thursday, April 30th. The semiconductor company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.75 by $0.11. Entegris had a return on equity of 11.45% and a net margin of 8.18%.The business had revenue of $811.90 million during the quarter, compared to the consensus estimate of $808.72 million. During the same quarter last year, the company earned $0.67 EPS. Entegris’s revenue was up 5.0% on a year-over-year basis. As a group, research analysts expect that Entegris will post 3.65 EPS for the current fiscal year.

Entegris Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Wednesday, July 29th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Wednesday, July 29th. Entegris’s dividend payout ratio (DPR) is presently 23.12%.

Insider Activity at Entegris

In related news, Director James P. Lederer sold 3,569 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $143.59, for a total value of $512,472.71. Following the transaction, the director directly owned 18,277 shares in the company, valued at $2,624,394.43. This represents a 16.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Susan G. Rice sold 19,893 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $132.84, for a total value of $2,642,586.12. Following the completion of the transaction, the senior vice president directly owned 69,038 shares in the company, valued at approximately $9,171,007.92. This trade represents a 22.37% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 44,466 shares of company stock worth $6,186,624 over the last 90 days. Insiders own 0.53% of the company’s stock.

Hedge Funds Weigh In On Entegris

Institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. boosted its stake in Entegris by 1.2% during the 1st quarter. Principal Financial Group Inc. now owns 5,885,239 shares of the semiconductor company’s stock worth $689,990,000 after acquiring an additional 68,152 shares during the last quarter. State Street Corp boosted its position in shares of Entegris by 1.2% during the fourth quarter. State Street Corp now owns 5,152,176 shares of the semiconductor company’s stock worth $434,071,000 after buying an additional 61,549 shares during the period. Durable Capital Partners LP raised its position in Entegris by 23.2% in the 3rd quarter. Durable Capital Partners LP now owns 3,765,035 shares of the semiconductor company’s stock valued at $348,115,000 after buying an additional 709,121 shares during the last quarter. Invesco Ltd. lifted its stake in Entegris by 13.4% in the 4th quarter. Invesco Ltd. now owns 3,592,669 shares of the semiconductor company’s stock valued at $302,682,000 after acquiring an additional 424,812 shares in the last quarter. Finally, UBS Group AG boosted its holdings in Entegris by 19.7% during the third quarter. UBS Group AG now owns 3,405,183 shares of the semiconductor company’s stock worth $314,843,000 after purchasing an additional 559,435 shares during the last quarter.

Entegris Company Profile

Entegris, Inc is a leading provider of advanced materials and process control solutions for the semiconductor and other high-technology industries. The company develops and supplies a broad portfolio of products designed to ensure purity and reliability throughout the manufacturing process, helping customers address critical contamination and yield challenges.

Entegris’s product offerings include high-purity chemicals and specialty materials, liquid and gas filtration and purification systems, and sophisticated wafer and chip handling solutions.