Entegris, Inc. (NASDAQ:ENTG) Receives Consensus Rating of “Hold” from Brokerages

Shares of Entegris, Inc. (NASDAQ:ENTG) have been assigned a consensus rating of “Hold” from the ten ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $111.00.

A number of research firms have commented on ENTG. Needham & Company LLC reaffirmed a “strong-buy” rating on shares of Entegris in a research report on Tuesday, January 20th. BMO Capital Markets raised their price target on Entegris from $105.00 to $126.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. KeyCorp upped their price objective on Entegris from $107.00 to $111.00 and gave the company an “overweight” rating in a research report on Friday, January 9th. Wall Street Zen raised Entegris from a “sell” rating to a “hold” rating in a report on Friday, October 3rd. Finally, Mizuho dropped their target price on Entegris from $108.00 to $96.00 and set an “outperform” rating on the stock in a research report on Thursday, November 20th.

Insider Buying and Selling at Entegris

In other news, SVP Clinton M. Haris sold 5,830 shares of the company’s stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $120.00, for a total value of $699,600.00. Following the completion of the sale, the senior vice president directly owned 37,743 shares in the company, valued at $4,529,160. This represents a 13.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Olivier Blachier sold 488 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $77.43, for a total value of $37,785.84. Following the completion of the transaction, the senior vice president directly owned 14,124 shares in the company, valued at approximately $1,093,621.32. This represents a 3.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 69,473 shares of company stock valued at $5,666,033 in the last quarter. Insiders own 0.61% of the company’s stock.

Institutional Trading of Entegris

A number of hedge funds and other institutional investors have recently bought and sold shares of ENTG. Twin Peaks Wealth Advisors LLC bought a new position in shares of Entegris during the 2nd quarter valued at approximately $25,000. Ameriflex Group Inc. purchased a new position in Entegris during the third quarter valued at approximately $25,000. Steph & Co. purchased a new position in Entegris during the fourth quarter valued at approximately $25,000. ORG Wealth Partners LLC boosted its position in shares of 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. Finally, SBI Securities Co. Ltd. increased its stake in shares of Entegris by 260.8% in the third quarter. SBI Securities Co. Ltd. now owns 285 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 206 shares in the last quarter.

Entegris Price Performance

Shares of NASDAQ:ENTG opened at $120.65 on Thursday. The business has a 50-day simple moving average of $93.32 and a two-hundred day simple moving average of $88.88. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.13 and a current ratio of 3.44. The firm has a market cap of $18.29 billion, a price-to-earnings ratio of 63.84 and a beta of 1.31. Entegris has a fifty-two week low of $60.75 and a fifty-two week high of $124.00.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Thursday, October 30th. The semiconductor company reported $0.72 EPS for the quarter, hitting analysts’ consensus estimates of $0.72. The firm had revenue of $807.10 million during the quarter, compared to analyst estimates of $804.63 million. Entegris had a net margin of 8.95% and a return on equity of 11.61%. The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the business posted $0.77 earnings per share. On average, analysts expect that Entegris will post 3.51 earnings per share for the current year.

Entegris Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 18th. Investors of record on Wednesday, January 28th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, January 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. Entegris’s dividend payout ratio (DPR) is presently 21.16%.

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.