Entegris (NASDAQ:ENTG) Upgraded at Zacks Research

Zacks Research upgraded shares of Entegris (NASDAQ:ENTG) from a strong sell rating to a hold rating in a research report sent to investors on Tuesday,Zacks.com reports.

ENTG has been the subject of several other reports. Oppenheimer started coverage on shares of Entegris in a research report on Thursday, September 4th. They set a “market perform” rating and a $95.00 price objective for the company. The Goldman Sachs Group lowered shares of Entegris from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $88.00 to $75.00 in a research report on Monday, December 15th. Weiss Ratings restated a “hold (c)” rating on shares of Entegris in a research report on Monday. Mizuho decreased their price target on shares of Entegris from $108.00 to $96.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. Finally, Wall Street Zen raised shares of Entegris from a “sell” rating to a “hold” rating in a research note on Friday, October 3rd. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $94.43.

Entegris Stock Down 2.8%

ENTG stock opened at $84.25 on Tuesday. Entegris has a fifty-two week low of $60.75 and a fifty-two week high of $110.46. The company has a debt-to-equity ratio of 0.99, a current ratio of 3.44 and a quick ratio of 2.13. The business has a 50-day moving average of $84.52 and a 200-day moving average of $85.34. The stock has a market capitalization of $12.77 billion, a P/E ratio of 44.58 and a beta of 1.31.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings results on Wednesday, July 6th. The semiconductor company reported $0.70 EPS for the quarter. Entegris had a net margin of 8.95% and a return on equity of 11.61%. The firm had revenue of $512.84 million for the quarter. On average, sell-side analysts anticipate that Entegris will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Wednesday, October 29th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, October 29th. Entegris’s dividend payout ratio (DPR) is currently 21.16%.

Insider Buying and Selling at Entegris

In related news, SVP Joseph Colella sold 3,577 shares of Entegris stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $88.41, for a total value of $316,242.57. Following the completion of the transaction, the senior vice president directly owned 34,364 shares in the company, valued at approximately $3,038,121.24. The trade was a 9.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bertrand Loy sold 57,570 shares of Entegris stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $76.88, for a total value of $4,425,981.60. Following the transaction, the insider directly owned 305,820 shares of the company’s stock, valued at $23,511,441.60. The trade was a 15.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 63,643 shares of company stock valued at $4,966,433. 0.67% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Ameriflex Group Inc. bought a new position in Entegris during the 3rd quarter worth approximately $25,000. ORG Wealth Partners LLC grew its stake in Entegris by 862.1% in the third quarter. ORG Wealth Partners LLC now owns 279 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 250 shares during the period. SBI Securities Co. Ltd. increased its stake in shares of Entegris by 260.8% in the 3rd quarter. SBI Securities Co. Ltd. now owns 285 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 206 shares in the last quarter. Rise Advisors LLC purchased a new position in Entegris during the 1st quarter valued at about $26,000. Finally, Alpine Bank Wealth Management boosted its stake in Entegris by 73.7% during the second quarter. Alpine Bank Wealth Management now owns 311 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 132 shares in the last quarter.

About Entegris

Entegris, Inc is a leading provider of advanced materials and process control solutions for the semiconductor and other high-technology industries. The company develops and supplies a broad portfolio of products designed to ensure purity and reliability throughout the manufacturing process, helping customers address critical contamination and yield challenges.

Entegris’s product offerings include high-purity chemicals and specialty materials, liquid and gas filtration and purification systems, and sophisticated wafer and chip handling solutions.