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

Shares of Entegris, Inc. (NASDAQ:ENTG) have been given a consensus rating of “Moderate Buy” by the eight analysts that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $124.88.

ENTG has been the topic of a number of recent analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $120.00 price objective on shares of Entegris in a research note on Friday, February 7th. KeyCorp reduced their price objective on Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a research note on Friday, February 7th. StockNews.com lowered Entegris from a “hold” rating to a “sell” rating in a research note on Thursday, February 27th. Finally, Mizuho reduced their price objective on Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th.

Insider Transactions at Entegris

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

Institutional Investors Weigh In On Entegris

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC bought a new stake in shares of Entegris in the third quarter worth about $1,158,000. Capital Performance Advisors LLP bought a new stake in shares of Entegris in the third quarter worth about $29,000. Equitable Trust Co. increased its holdings in shares of Entegris by 2.2% in the third quarter. Equitable Trust Co. now owns 6,501 shares of the semiconductor company’s stock worth $732,000 after acquiring an additional 138 shares in the last quarter. Verdence Capital Advisors LLC bought a new stake in shares of Entegris in the third quarter worth about $256,000. Finally, Bridges Investment Management Inc. increased its holdings in shares of Entegris by 3.6% in the third quarter. Bridges Investment Management Inc. now owns 2,829 shares of the semiconductor company’s stock worth $318,000 after acquiring an additional 98 shares in the last quarter.

Entegris Price Performance

Shares of ENTG stock opened at $102.93 on Monday. The stock’s fifty day simple moving average is $102.66 and its 200 day simple moving average is $105.76. 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 firm has a market cap of $15.56 billion, a price-to-earnings ratio of 53.33, a P/E/G ratio of 1.50 and a beta of 1.32. Entegris has a one year low of $94.92 and a one year high of $147.57.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.07. Entegris had a return on equity of 12.83% and a net margin of 9.03%. On average, analysts expect that Entegris will post 3.51 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.39%. Entegris’s payout ratio is currently 20.73%.

About Entegris

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).