Entegris Inc (NASDAQ:ENTG) has received an average rating of “Buy” from the twelve brokerages that are presently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $42.29.
Several research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Entegris from a “hold” rating to a “sell” rating in a research note on Friday, January 25th. BidaskClub raised shares of Entegris from a “hold” rating to a “buy” rating in a research note on Tuesday, January 29th. Loop Capital set a $51.00 price objective on shares of Entegris and gave the stock a “buy” rating in a research note on Tuesday, January 29th. ValuEngine raised shares of Entegris from a “hold” rating to a “buy” rating in a research note on Wednesday, February 27th. Finally, Seaport Global Securities lowered shares of Entegris from a “buy” rating to a “neutral” rating in a research note on Thursday, February 28th.
In other news, VP Michael Sauer sold 3,788 shares of the business’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $36.61, for a total value of $138,678.68. Following the sale, the vice president now owns 12,782 shares of the company’s stock, valued at $467,949.02. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Todd James Edlund sold 32,977 shares of the business’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $35.08, for a total transaction of $1,156,833.16. Following the completion of the sale, the chief operating officer now directly owns 147,556 shares in the company, valued at approximately $5,176,264.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 111,235 shares of company stock worth $4,260,992. Insiders own 1.50% of the company’s stock.
Several hedge funds have recently made changes to their positions in ENTG. JPMorgan Chase & Co. increased its holdings in Entegris by 2.0% during the third quarter. JPMorgan Chase & Co. now owns 2,301,601 shares of the semiconductor company’s stock worth $66,632,000 after buying an additional 45,779 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Entegris in the third quarter valued at $201,000. Morgan Stanley increased its holdings in shares of Entegris by 53.5% in the third quarter. Morgan Stanley now owns 568,138 shares of the semiconductor company’s stock valued at $16,448,000 after purchasing an additional 197,895 shares during the last quarter. Federated Investors Inc. PA increased its holdings in shares of Entegris by 14.2% in the third quarter. Federated Investors Inc. PA now owns 120,761 shares of the semiconductor company’s stock valued at $3,496,000 after purchasing an additional 15,030 shares during the last quarter. Finally, Vanguard Group Inc increased its holdings in shares of Entegris by 3.5% in the third quarter. Vanguard Group Inc now owns 12,923,047 shares of the semiconductor company’s stock valued at $374,123,000 after purchasing an additional 437,632 shares during the last quarter.
Shares of Entegris stock traded up $0.12 during trading on Thursday, hitting $36.27. 56,057 shares of the company were exchanged, compared to its average volume of 1,840,008. The company has a debt-to-equity ratio of 0.93, a current ratio of 4.34 and a quick ratio of 3.06. Entegris has a fifty-two week low of $23.39 and a fifty-two week high of $42.01. The company has a market capitalization of $5.02 billion, a P/E ratio of 19.15 and a beta of 1.35.
Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Thursday, April 25th. The semiconductor company reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.03. Entegris had a return on equity of 26.00% and a net margin of 13.71%. The firm had revenue of $391.00 million during the quarter, compared to the consensus estimate of $400.43 million. During the same period in the previous year, the firm posted $0.47 EPS. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, research analysts expect that Entegris will post 1.94 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 1st will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Tuesday, April 30th. Entegris’s payout ratio is currently 14.81%.
Entegris, Inc develops, manufactures, and supplies micro contamination control products, specialty chemicals, and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries worldwide. It operates through three segments: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); and Advanced Materials Handling (AMH).
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