Entegris, Inc. (NASDAQ:ENTG) Stock Has Consensus Target Price of $187.17

Entegris, Inc. (NASDAQ:ENTG) has been assigned an average rating of “Moderate Buy” from the fifteen research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, twelve have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $187.17.

Several research firms have recently weighed in on ENTG. Wall Street Zen cut shares of Entegris from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Needham & Company LLC lifted their price objective on Entegris from $170.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, October 29th. BMO Capital Markets boosted their price objective on Entegris from $153.00 to $167.00 and gave the company an “outperform” rating in a research note on Monday, July 6th. Weiss Ratings upgraded Entegris from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday. Finally, Zacks Research cut Entegris from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 7th.

Insider Transactions at Entegris

In other news, insider Olivier Blachier sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $160.66, for a total transaction of $321,320.00. Following the completion of the sale, the insider owned 34,997 shares of the company’s stock, valued at $5,622,618.02. This trade represents a 5.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Joseph Colella sold 3,916 shares of Entegris stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $164.48, for a total transaction of $644,103.68. Following the completion of the sale, the senior vice president owned 50,297 shares of the company’s stock, valued at $8,272,850.56. This represents a 7.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 7,978 shares of company stock valued at $1,273,734 in the last quarter. 0.53% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Entegris

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Man Group plc purchased a new position in shares of Entegris in the 2nd quarter worth approximately $2,461,000. Deutsche Bank AG purchased a new stake in shares of Entegris during the second quarter valued at approximately $69,930,000. Empowered Funds LLC purchased a new stake in shares of Entegris during the second quarter valued at approximately $1,368,000. Generate Investment Management Ltd purchased a new stake in shares of Entegris during the third quarter valued at approximately $16,893,000. Finally, BlackRock Inc. bought a new stake in Entegris during the second quarter worth $3,683,556,000.

Entegris Trading Down 1.8%

Shares of ENTG stock opened at $151.56 on Friday. The stock has a market cap of $23.11 billion, a price-to-earnings ratio of 59.20, a PEG ratio of 1.46 and a beta of 1.40. The stock has a 50-day moving average of $146.48 and a 200-day moving average of $138.09. The company has a current ratio of 3.05, a quick ratio of 1.85 and a debt-to-equity ratio of 0.83. Entegris has a 1-year low of $67.97 and a 1-year high of $186.94.

Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Thursday, October 29th. The semiconductor company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.20. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $925.35 million. Entegris had a net margin of 9.18% and a return on equity of 12.25%. The company’s revenue was up 24.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.72 EPS. On average, equities research analysts forecast that Entegris will post 4.16 earnings per share for the current year.

Entegris Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 18th. Shareholders of record on Wednesday, October 28th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Wednesday, October 28th. Entegris’s dividend payout ratio is presently 15.62%.

Entegris Company Profile

Entegris, Inc is a materials science and process technology company that supplies products and solutions used in the manufacture of semiconductors and other advanced technology products. Its offerings help chipmakers manage contamination, handle sensitive materials, and improve process control across the semiconductor production cycle.

The company’s products include specialty chemicals and gases, filtration and purification systems, wafer and substrate handling products, fluid-management components, and advanced materials used in semiconductor fabrication.