Zacks Investment Research upgraded shares of Entegris (NASDAQ:ENTG – Get Rating) from a hold rating to a buy rating in a research note released on Thursday morning, Zacks.com reports. The firm currently has $121.00 price target on the semiconductor company’s stock.
According to Zacks, “Entegris is a leading provider of materials management solutions to the microelectronics industry including, in particular, the semiconductor manufacturing and disk manufacturing markets. The company’s materials management solutions for the semiconductor industry assure the integrity of materials as they are handled, stored, processed and transported throughout the semiconductor manufacturing process. These solutions enable customers to protect their investment in work-in-process and finished devices. “
Several other equities analysts have also recently issued reports on the stock. Craig Hallum decreased their price target on shares of Entegris from $175.00 to $133.00 in a research report on Wednesday. Deutsche Bank Aktiengesellschaft lowered their target price on Entegris from $160.00 to $145.00 and set a buy rating for the company in a research report on Wednesday, April 13th. KeyCorp decreased their price target on Entegris from $183.00 to $150.00 in a research note on Wednesday. StockNews.com initiated coverage on Entegris in a research note on Thursday, March 31st. They issued a hold rating on the stock. Finally, Stifel Nicolaus increased their target price on shares of Entegris from $180.00 to $186.00 in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Buy and an average price target of $154.00.
Entegris (NASDAQ:ENTG – Get Rating) last announced its quarterly earnings results on Tuesday, April 26th. The semiconductor company reported $1.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.07. Entegris had a return on equity of 29.95% and a net margin of 17.80%. The firm had revenue of $649.65 million for the quarter, compared to analyst estimates of $640.85 million. During the same period last year, the firm posted $0.70 earnings per share. The business’s revenue for the quarter was up 26.7% on a year-over-year basis. On average, research analysts anticipate that Entegris will post 4.16 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 25th. Stockholders of record on Wednesday, May 4th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, May 3rd. This represents a $0.40 annualized dividend and a dividend yield of 0.35%. Entegris’s dividend payout ratio is currently 13.33%.
In other Entegris news, COO Todd James Edlund sold 9,696 shares of the business’s stock in a transaction on Wednesday, February 23rd. The shares were sold at an average price of $127.50, for a total transaction of $1,236,240.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Corey Rucci sold 2,130 shares of the firm’s stock in a transaction on Tuesday, March 29th. The shares were sold at an average price of $140.00, for a total transaction of $298,200.00. The disclosure for this sale can be found here. Insiders have sold a total of 49,257 shares of company stock worth $6,606,256 in the last quarter. 0.61% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. First Trust Advisors LP raised its stake in shares of Entegris by 270.9% in the first quarter. First Trust Advisors LP now owns 150,164 shares of the semiconductor company’s stock worth $5,359,000 after purchasing an additional 109,678 shares during the last quarter. Morgan Stanley lifted its stake in Entegris by 25.7% during the 2nd quarter. Morgan Stanley now owns 123,265 shares of the semiconductor company’s stock valued at $15,159,000 after acquiring an additional 25,227 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Entegris by 81.3% during the 3rd quarter. SG Americas Securities LLC now owns 6,712 shares of the semiconductor company’s stock worth $845,000 after acquiring an additional 3,010 shares during the last quarter. Segall Bryant & Hamill LLC grew its stake in shares of Entegris by 3.1% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 37,180 shares of the semiconductor company’s stock worth $4,680,000 after acquiring an additional 1,102 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in shares of Entegris by 59.2% in the third quarter. Van ECK Associates Corp now owns 2,497 shares of the semiconductor company’s stock valued at $314,000 after purchasing an additional 929 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.
About Entegris (Get Rating)
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: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); and Advanced Materials Handling (AMH).
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