Entegris (NASDAQ:ENTG) Earns “Buy” Rating from Needham & Company LLC

Entegris (NASDAQ:ENTG)‘s stock had its “buy” rating reaffirmed by analysts at Needham & Company LLC in a research note issued on Tuesday,Benzinga reports. They currently have a $100.00 price objective on the semiconductor company’s stock. Needham & Company LLC’s target price points to a potential upside of 38.06% from the company’s previous close.

Several other brokerages also recently weighed in on ENTG. StockNews.com downgraded Entegris from a “hold” rating to a “sell” rating in a report on Saturday, April 19th. UBS Group reduced their target price on Entegris from $90.00 to $85.00 and set a “neutral” rating on the stock in a research report on Thursday, May 8th. Citigroup decreased their price target on Entegris from $125.00 to $102.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Finally, KeyCorp dropped their price objective on shares of Entegris from $130.00 to $117.00 and set an “overweight” rating for the company in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.00.

Entegris Stock Performance

Entegris stock opened at $72.43 on Tuesday. Entegris has a fifty-two week low of $60.75 and a fifty-two week high of $147.57. The company has a market capitalization of $10.97 billion, a price-to-earnings ratio of 37.53, a PEG ratio of 1.50 and a beta of 1.33. The stock has a fifty day moving average of $79.90 and a two-hundred day moving average of $95.15. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Wednesday, May 7th. The semiconductor company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.02). Entegris had a return on equity of 12.83% and a net margin of 9.03%. The company had revenue of $773.20 million for the quarter, compared to analysts’ expectations of $790.75 million. During the same quarter in the prior year, the business posted $0.68 EPS. The company’s revenue for the quarter was up .3% compared to the same quarter last year. On average, analysts anticipate that Entegris will post 3.51 EPS for the current fiscal year.

Insider Buying and Selling at Entegris

In other news, SVP Olivier Blachier sold 984 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $108.00, for a total value of $106,272.00. Following the completion of the sale, the senior vice president now owns 10,903 shares in the company, valued at approximately $1,177,524. This trade represents a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.67% of the stock is currently owned by corporate insiders.

Institutional Trading of Entegris

Large investors have recently bought and sold shares of the company. Costello Asset Management INC acquired a new stake in shares of Entegris during the first quarter valued at about $26,000. Rise Advisors LLC purchased a new stake in Entegris during the 1st quarter worth approximately $26,000. Central Pacific Bank Trust Division increased its holdings in Entegris by 125.7% during the 1st quarter. Central Pacific Bank Trust Division now owns 307 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 171 shares during the last quarter. Quarry LP acquired a new position in shares of Entegris in the 4th quarter valued at approximately $28,000. Finally, Neo Ivy Capital Management purchased a new position in shares of Entegris during the 4th quarter valued at approximately $34,000.

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