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

Shares of Entegris, Inc. (NASDAQ:ENTG) have earned an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $109.89.

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group started coverage on shares of Entegris in a research note on Thursday. They issued a “neutral” rating and a $85.00 target price for the company. KeyCorp lowered their price target on shares of Entegris from $130.00 to $117.00 and set an “overweight” rating for the company in a research report on Thursday, May 8th. Wall Street Zen cut shares of Entegris from a “hold” rating to a “sell” rating in a research report on Saturday, April 19th. UBS Group lowered their price target on shares of Entegris from $90.00 to $85.00 and set a “neutral” rating for the company in a research report on Thursday, May 8th. Finally, Citigroup lowered their price target on shares of Entegris from $125.00 to $102.00 and set a “buy” rating for the company in a research report on Thursday, May 8th.

Entegris Trading Down 0.5%

Shares of ENTG stock opened at $87.58 on Friday. Entegris has a 12-month low of $60.75 and a 12-month high of $147.40. The company has a market capitalization of $13.26 billion, a P/E ratio of 42.93, a P/E/G ratio of 1.96 and a beta of 1.27. The firm has a 50-day moving average price of $78.52 and a 200 day moving average price of $88.27. The company has a quick ratio of 1.95, a current ratio of 3.26 and a debt-to-equity ratio of 1.06.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.02). Entegris had a net margin of 9.57% and a return on equity of 12.48%. The firm had revenue of $773.20 million for the quarter, compared to the consensus estimate of $790.75 million. During the same period in the prior year, the business earned $0.68 earnings per share. The company’s revenue for the quarter was up .3% on a year-over-year basis. Research analysts forecast that Entegris will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, April 30th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend was Wednesday, April 30th. Entegris’s dividend payout ratio is presently 19.61%.

Institutional Trading of Entegris

A number of institutional investors have recently made changes to their positions in the business. Compass Wealth Management LLC bought a new stake in Entegris during the first quarter worth $1,614,000. Sequoia Financial Advisors LLC raised its position in Entegris by 11.5% during the first quarter. Sequoia Financial Advisors LLC now owns 2,767 shares of the semiconductor company’s stock worth $242,000 after acquiring an additional 285 shares in the last quarter. Sarasin & Partners LLP bought a new stake in Entegris during the first quarter worth $1,544,000. New York State Teachers Retirement System bought a new stake in Entegris during the first quarter worth $4,870,000. Finally, Principal Financial Group Inc. raised its position in shares of Entegris by 235.8% in the first quarter. Principal Financial Group Inc. now owns 5,014,198 shares of the semiconductor company’s stock valued at $438,642,000 after purchasing an additional 3,520,997 shares during the period.

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).