Entegris, Inc. (NASDAQ:ENTG) Given Average Rating of “Buy” by Brokerages

Entegris, Inc. (NASDAQ:ENTGGet Rating) has been given an average rating of “Buy” by the eleven brokerages that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $158.13.

ENTG has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered their price objective on Entegris from $160.00 to $145.00 and set a “buy” rating for the company in a research report on Wednesday, April 13th. Citigroup lowered their price objective on Entegris from $160.00 to $145.00 in a research report on Wednesday, April 27th. Craig Hallum lowered their price target on Entegris from $175.00 to $133.00 in a research report on Wednesday, April 27th. Zacks Investment Research downgraded Entegris from a “buy” rating to a “hold” rating in a research report on Friday, April 29th. Finally, Mizuho raised Entegris from a “neutral” rating to a “buy” rating and set a $158.00 price target for the company in a research report on Wednesday, February 2nd.

In related news, COO Todd James Edlund sold 24,289 shares of the business’s stock in a transaction dated Wednesday, March 30th. The stock was sold at an average price of $137.32, for a total value of $3,335,365.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Gregory B. Graves sold 12,142 shares of the business’s stock in a transaction dated Thursday, March 31st. The stock was sold at an average price of $133.10, for a total value of $1,616,100.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 49,257 shares of company stock worth $6,606,256. 0.61% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. Capitolis Advisors LLC acquired a new position in shares of Entegris in the third quarter worth about $18,207,000. YorkBridge Wealth Partners LLC lifted its stake in shares of Entegris by 4.8% in the fourth quarter. YorkBridge Wealth Partners LLC now owns 3,327 shares of the semiconductor company’s stock worth $461,000 after acquiring an additional 153 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Entegris by 9.0% during the third quarter. Goldman Sachs Group Inc. now owns 2,327,151 shares of the semiconductor company’s stock valued at $292,989,000 after buying an additional 191,975 shares in the last quarter. OneAscent Wealth Management LLC acquired a new stake in Entegris during the third quarter valued at approximately $286,000. Finally, National Bank of Canada FI acquired a new stake in Entegris during the fourth quarter valued at approximately $58,000. Institutional investors and hedge funds own 97.32% of the company’s stock.

Shares of NASDAQ ENTG traded down $3.96 during trading on Friday, reaching $101.56. The company had a trading volume of 20,903 shares, compared to its average volume of 1,341,824. The stock has a market capitalization of $13.80 billion, a PE ratio of 30.83 and a beta of 1.16. The company has a current ratio of 3.68, a quick ratio of 2.22 and a debt-to-equity ratio of 0.51. Entegris has a twelve month low of $99.82 and a twelve month high of $158.00. The stock has a 50-day moving average price of $118.64 and a two-hundred day moving average price of $129.85.

Entegris (NASDAQ:ENTGGet Rating) last announced its quarterly earnings data on Tuesday, April 26th. The semiconductor company reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.07. The business had revenue of $649.65 million during the quarter, compared to the consensus estimate of $640.85 million. Entegris had a return on equity of 31.17% and a net margin of 18.48%. The business’s revenue for the quarter was up 26.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.70 earnings per share. On average, sell-side analysts predict that Entegris will post 4.32 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 25th. Shareholders of record on Wednesday, May 4th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend is Tuesday, May 3rd. Entegris’s dividend payout ratio is presently 12.12%.

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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Analyst Recommendations for Entegris (NASDAQ:ENTG)

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