Analysts Set Entegris, Inc. (NASDAQ:ENTG) PT at $124.88

Shares of Entegris, Inc. (NASDAQ:ENTG) have been given an average rating of “Moderate Buy” by the eight analysts that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $124.88.

Several equities research analysts have recently weighed in on the company. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price target on shares of Entegris in a report on Friday, February 7th. Mizuho decreased their target price on Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. StockNews.com upgraded shares of Entegris from a “sell” rating to a “hold” rating in a report on Thursday. Finally, KeyCorp decreased their price objective on shares of Entegris from $150.00 to $141.00 and set an “overweight” rating for the company in a report on Friday, February 7th.

Insider Activity

In related news, SVP Clinton M. Haris sold 12,652 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the completion of the transaction, the senior vice president now owns 34,820 shares in the company, valued at $3,722,954.40. The trade was a 26.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Olivier Blachier sold 984 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $108.00, for a total transaction of $106,272.00. Following the completion of the sale, the senior vice president now owns 10,903 shares of the company’s stock, valued at approximately $1,177,524. This trade represents a 8.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On Entegris

A number of large investors have recently made changes to their positions in the business. Synovus Financial Corp raised its position in shares of Entegris by 102.3% in the 3rd quarter. Synovus Financial Corp now owns 38,253 shares of the semiconductor company’s stock valued at $4,305,000 after purchasing an additional 19,340 shares during the last quarter. Swedbank AB increased its stake in Entegris by 47.7% during the 4th quarter. Swedbank AB now owns 1,550,942 shares of the semiconductor company’s stock valued at $153,636,000 after purchasing an additional 500,581 shares in the last quarter. Argent Capital Management LLC raised its holdings in shares of Entegris by 9.9% in the fourth quarter. Argent Capital Management LLC now owns 31,066 shares of the semiconductor company’s stock worth $3,077,000 after buying an additional 2,793 shares during the last quarter. National Bank of Canada FI lifted its stake in shares of Entegris by 66,855.0% during the fourth quarter. National Bank of Canada FI now owns 490,780 shares of the semiconductor company’s stock worth $48,617,000 after buying an additional 490,047 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Entegris by 14.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,060,378 shares of the semiconductor company’s stock valued at $105,041,000 after buying an additional 137,046 shares during the last quarter.

Entegris Trading Down 9.1 %

Shares of NASDAQ ENTG opened at $65.39 on Friday. Entegris has a 1-year low of $61.27 and a 1-year high of $147.57. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.08 and a quick ratio of 1.86. The business’s 50 day moving average is $98.67 and its two-hundred day moving average is $103.06. The stock has a market capitalization of $9.89 billion, a P/E ratio of 33.88, a PEG ratio of 1.50 and a beta of 1.36.

Entegris (NASDAQ:ENTG) last released its earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.07. Entegris had a return on equity of 12.83% and a net margin of 9.03%. As a group, research analysts expect that Entegris will post 3.51 EPS for the current year.

Entegris Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were given a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.61%. Entegris’s payout ratio is presently 20.73%.

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).