Entegris (NASDAQ:ENTG) Stock Rating Lowered by StockNews.com

Entegris (NASDAQ:ENTG) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

ENTG has been the subject of a number of other reports. Mizuho cut their price objective on Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. KeyCorp cut their price target 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. Finally, Needham & Company LLC restated a “buy” rating and issued a $120.00 price target on shares of Entegris in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $124.88.

Entegris Stock Performance

NASDAQ ENTG opened at $69.72 on Friday. Entegris has a twelve month low of $60.75 and a twelve month high of $147.57. The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 1.08. The stock has a market cap of $10.55 billion, a P/E ratio of 36.12, a PEG ratio of 1.50 and a beta of 1.36. The company’s 50-day simple moving average is $94.48 and its 200 day simple moving average is $101.13.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data 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 forecast that Entegris will post 3.51 earnings per share for the current fiscal year.

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 sale, the senior vice president now directly owns 34,820 shares of the company’s stock, valued at $3,722,954.40. The trade was a 26.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Olivier Blachier sold 984 shares of the 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 transaction, the senior vice president now owns 10,903 shares in the company, valued at $1,177,524. This represents a 8.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is owned by insiders.

Institutional Trading of Entegris

Several institutional investors and hedge funds have recently made changes to their positions in the business. Kovitz Investment Group Partners LLC acquired a new stake in shares of Entegris in the 3rd quarter valued at approximately $450,000. EP Wealth Advisors LLC acquired a new stake in Entegris in the third quarter worth $318,000. Nomura Asset Management Co. Ltd. raised its holdings in Entegris by 8.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 42,840 shares of the semiconductor company’s stock worth $4,821,000 after purchasing an additional 3,200 shares during the period. Barclays PLC boosted its position in shares of Entegris by 44.2% during the third quarter. Barclays PLC now owns 963,157 shares of the semiconductor company’s stock worth $108,383,000 after purchasing an additional 295,358 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Entegris by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,537,948 shares of the semiconductor company’s stock valued at $284,941,000 after buying an additional 49,846 shares during the period.

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).