Entegris (NASDAQ:ENTG) PT Raised to $143.00

Entegris (NASDAQ:ENTG) had its price objective hoisted by Mizuho from $140.00 to $143.00 in a report published on Thursday, Benzinga reports. They currently have a neutral rating on the semiconductor company’s stock.

A number of other analysts have also weighed in on the stock. UBS Group upped their target price on shares of Entegris from $90.00 to $130.00 and gave the stock a neutral rating in a report on Thursday, February 15th. Craig Hallum raised shares of Entegris from a hold rating to a buy rating and set a $150.00 price objective for the company in a research note on Thursday, February 15th. The Goldman Sachs Group increased their price target on shares of Entegris from $104.00 to $147.00 and gave the company a buy rating in a research report on Thursday, February 15th. KeyCorp raised their target price on shares of Entegris from $136.00 to $164.00 and gave the stock an overweight rating in a research report on Thursday, February 15th. Finally, Wolfe Research initiated coverage on shares of Entegris in a research note on Friday, March 1st. They issued an outperform rating and a $160.00 price target for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Entegris presently has a consensus rating of Moderate Buy and an average price target of $141.91.

Entegris Stock Up 4.1 %

ENTG opened at $131.80 on Thursday. The company has a quick ratio of 2.67, a current ratio of 3.35 and a debt-to-equity ratio of 1.22. The stock has a market cap of $19.87 billion, a price-to-earnings ratio of 63.37 and a beta of 1.31. Entegris has a twelve month low of $72.96 and a twelve month high of $146.91. The company’s 50-day moving average price is $135.27 and its two-hundred day moving average price is $119.44.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.07. The company had revenue of $771.03 million for the quarter, compared to analysts’ expectations of $769.24 million. Entegris had a net margin of 9.31% and a return on equity of 11.94%. Entegris’s revenue was down 16.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.65 EPS. As a group, equities analysts expect that Entegris will post 3.27 earnings per share for the current year.

Entegris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 1st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date is Tuesday, April 30th. Entegris’s payout ratio is 19.23%.

Insider Buying and Selling

In other Entegris news, SVP Susan G. Rice sold 17,518 shares of Entegris stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $135.86, for a total transaction of $2,379,995.48. Following the transaction, the senior vice president now owns 42,931 shares of the company’s stock, valued at $5,832,605.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Michael Sauer sold 1,897 shares of Entegris stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $132.54, for a total transaction of $251,428.38. Following the sale, the chief accounting officer now owns 1,779 shares in the company, valued at $235,788.66. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Susan G. Rice sold 17,518 shares of Entegris stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $135.86, for a total transaction of $2,379,995.48. Following the sale, the senior vice president now owns 42,931 shares in the company, valued at approximately $5,832,605.66. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,082 shares of company stock valued at $5,606,849. 0.67% of the stock is owned by insiders.

Institutional Investors Weigh In On Entegris

Institutional investors and hedge funds have recently modified their holdings of the stock. WCM Investment Management LLC raised its position in shares of Entegris by 0.4% during the fourth quarter. WCM Investment Management LLC now owns 5,173,163 shares of the semiconductor company’s stock valued at $628,177,000 after buying an additional 22,249 shares during the last quarter. California Public Employees Retirement System raised its position in shares of Entegris by 17.6% during the fourth quarter. California Public Employees Retirement System now owns 257,147 shares of the semiconductor company’s stock valued at $30,811,000 after buying an additional 38,557 shares during the last quarter. QRG Capital Management Inc. bought a new stake in shares of Entegris during the third quarter valued at approximately $663,000. Crestwood Advisors Group LLC bought a new stake in shares of Entegris during the third quarter valued at approximately $3,087,000. Finally, Parkside Financial Bank & Trust raised its position in shares of Entegris by 20.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,357 shares of the semiconductor company’s stock valued at $163,000 after buying an additional 229 shares during the last quarter.

Entegris Company Profile

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: Materials Solutions (MS); Microcontamination Control (MC); and Advanced Materials Handling (AMH).