Entegris, Inc. (NASDAQ:ENTG) Receives Average Recommendation of “Moderate Buy” from Analysts

Entegris, Inc. (NASDAQ:ENTG) has been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $123.50.

A number of research firms have issued reports on ENTG. StockNews.com cut shares of Entegris from a “hold” rating to a “sell” rating in a report on Saturday, April 19th. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 target price on shares of Entegris in a research report on Friday, February 7th. Mizuho lowered their price target on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Finally, KeyCorp reduced their target price on shares of Entegris from $141.00 to $130.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th.

Entegris Stock Performance

NASDAQ:ENTG opened at $79.85 on Tuesday. Entegris has a 52-week low of $60.75 and a 52-week high of $147.57. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08. The firm has a market capitalization of $12.08 billion, a PE ratio of 41.37, a P/E/G ratio of 1.50 and a beta of 1.36. The stock has a 50-day simple moving average of $86.90 and a two-hundred day simple moving average of $98.08.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.07. Entegris had a return on equity of 12.83% and a net margin of 9.03%. Analysts forecast that Entegris will post 3.51 EPS for the current year.

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Wednesday, April 30th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend is Wednesday, April 30th. Entegris’s dividend payout ratio is currently 20.73%.

Insider Activity at Entegris

In other Entegris news, SVP Olivier Blachier sold 984 shares of Entegris stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $108.00, for a total transaction of $106,272.00. Following the sale, the senior vice president now directly owns 10,903 shares in the company, valued at $1,177,524. The trade was a 8.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Clinton M. Haris sold 12,652 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the completion of the transaction, the senior vice president now owns 34,820 shares in the company, valued at approximately $3,722,954.40. The trade was a 26.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Principal Financial Group Inc. increased its stake in Entegris by 235.8% during the 1st quarter. Principal Financial Group Inc. now owns 5,014,198 shares of the semiconductor company’s stock valued at $438,642,000 after buying an additional 3,520,997 shares during the period. Oregon Public Employees Retirement Fund purchased a new position in Entegris during the first quarter valued at approximately $2,684,000. Teacher Retirement System of Texas purchased a new position in Entegris during the first quarter valued at approximately $1,931,000. Phraction Management LLC grew its position in Entegris by 401.3% during the first quarter. Phraction Management LLC now owns 68,534 shares of the semiconductor company’s stock valued at $5,995,000 after purchasing an additional 54,862 shares in the last quarter. Finally, New York State Teachers Retirement System acquired a new position in Entegris during the first quarter worth $4,870,000.

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).