Analysts Set Entegris, Inc. (NASDAQ:ENTG) Target Price at $107.10

Entegris, Inc. (NASDAQ:ENTG) has received a consensus rating of “Moderate Buy” from the nine research firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $107.10.

A number of analysts recently issued reports on the company. StockNews.com assumed coverage on Entegris in a research report on Thursday, October 5th. They issued a “sell” rating for the company. Needham & Company LLC reissued a “buy” rating and issued a $120.00 target price on shares of Entegris in a research report on Friday, August 4th. KeyCorp decreased their price objective on Entegris from $116.00 to $113.00 and set an “overweight” rating for the company in a research report on Tuesday, October 3rd. Mizuho increased their price objective on Entegris from $98.00 to $113.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Finally, Craig Hallum downgraded Entegris from a “buy” rating to a “hold” rating in a research note on Friday, August 4th.

Insider Transactions at Entegris

In other news, SVP James Anthony O’neill sold 1,918 shares of the company’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $95.00, for a total value of $182,210.00. Following the completion of the sale, the senior vice president now owns 13,670 shares of the company’s stock, valued at $1,298,650. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.81% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ENTG. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Entegris by 6.2% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 47,825 shares of the semiconductor company’s stock valued at $3,922,000 after buying an additional 2,787 shares in the last quarter. Elo Mutual Pension Insurance Co grew its holdings in shares of Entegris by 3.8% during the first quarter. Elo Mutual Pension Insurance Co now owns 11,954 shares of the semiconductor company’s stock valued at $980,000 after purchasing an additional 441 shares during the last quarter. CX Institutional bought a new position in shares of Entegris during the first quarter valued at approximately $207,000. Fifth Third Bancorp grew its holdings in shares of Entegris by 6.5% during the second quarter. Fifth Third Bancorp now owns 17,881 shares of the semiconductor company’s stock valued at $1,982,000 after purchasing an additional 1,087 shares during the last quarter. Finally, Truist Financial Corp grew its holdings in shares of Entegris by 1.2% during the second quarter. Truist Financial Corp now owns 70,687 shares of the semiconductor company’s stock valued at $7,834,000 after purchasing an additional 823 shares during the last quarter.

Entegris Price Performance

Shares of NASDAQ ENTG opened at $87.82 on Friday. The stock’s 50-day moving average is $94.65 and its two-hundred day moving average is $96.63. The company has a market cap of $13.18 billion, a price-to-earnings ratio of 146.37, a price-to-earnings-growth ratio of 3.85 and a beta of 1.26. Entegris has a 1-year low of $61.75 and a 1-year high of $114.47. The company has a debt-to-equity ratio of 1.64, a current ratio of 4.59 and a quick ratio of 3.45.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.09. The business had revenue of $901.00 million during the quarter, compared to analysts’ expectations of $886.80 million. Entegris had a return on equity of 13.99% and a net margin of 2.48%. The business’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.00 EPS. Analysts forecast that Entegris will post 2.6 EPS for the current fiscal year.

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 1st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend is Tuesday, October 31st. Entegris’s payout ratio is 66.67%.

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 four segments: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); The Advanced Planarization Solutions (APS); and Advanced Materials Handling (AMH).