Shares of Entegris, Inc. (NASDAQ:ENTG) have earned a consensus rating of “Buy” from the eleven brokerages that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $160.80.
A number of research analysts have recently commented on ENTG shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of Entegris from $130.00 to $160.00 and gave the stock a “hold” rating in a report on Thursday, December 2nd. Zacks Investment Research cut shares of Entegris from a “buy” rating to a “hold” rating in a report on Monday, November 1st. Stifel Nicolaus increased their target price on shares of Entegris from $151.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, December 1st. Loop Capital increased their target price on shares of Entegris from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, December 2nd. Finally, Mizuho increased their target price on shares of Entegris from $128.00 to $151.00 and gave the stock a “neutral” rating in a report on Thursday, December 2nd.
ENTG opened at $129.84 on Tuesday. Entegris has a twelve month low of $92.68 and a twelve month high of $158.00. The company has a 50-day simple moving average of $143.01 and a 200 day simple moving average of $128.22. The company has a quick ratio of 2.74, a current ratio of 4.12 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $17.59 billion, a price-to-earnings ratio of 47.04 and a beta of 1.14.
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Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Tuesday, October 26th. The semiconductor company reported $0.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.05. Entegris had a net margin of 17.31% and a return on equity of 29.31%. The business had revenue of $579.49 million during the quarter, compared to analysts’ expectations of $583.55 million. During the same quarter in the prior year, the business posted $0.67 earnings per share. Entegris’s revenue was up 20.5% compared to the same quarter last year. Sell-side analysts anticipate that Entegris will post 3.37 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 17th. Investors of record on Wednesday, October 27th were issued a $0.08 dividend. The ex-dividend date was Tuesday, October 26th. This represents a $0.32 dividend on an annualized basis and a yield of 0.25%. Entegris’s dividend payout ratio (DPR) is presently 11.59%.
In other news, SVP James Anthony O’neill sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, October 18th. The shares were sold at an average price of $129.27, for a total transaction of $193,905.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul L. H. Olson sold 2,000 shares of the stock in a transaction on Wednesday, December 15th. The stock was sold at an average price of $137.15, for a total value of $274,300.00. The disclosure for this sale can be found here. Insiders have sold a total of 56,131 shares of company stock valued at $7,702,628 in the last three months. Insiders own 1.30% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of ENTG. Moors & Cabot Inc. bought a new position in Entegris during the 3rd quarter valued at $1,345,000. Guinness Asset Management LTD raised its stake in shares of Entegris by 17.1% during the 3rd quarter. Guinness Asset Management LTD now owns 4,145 shares of the semiconductor company’s stock worth $522,000 after purchasing an additional 604 shares during the period. Kingsview Wealth Management LLC raised its stake in shares of Entegris by 15.2% during the 3rd quarter. Kingsview Wealth Management LLC now owns 3,342 shares of the semiconductor company’s stock worth $421,000 after purchasing an additional 441 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Entegris by 1.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 510,026 shares of the semiconductor company’s stock worth $64,211,000 after purchasing an additional 5,204 shares during the period. Finally, Schonfeld Strategic Advisors LLC raised its stake in shares of Entegris by 37.2% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 35,039 shares of the semiconductor company’s stock worth $4,412,000 after purchasing an additional 9,503 shares during the period. Institutional investors own 95.82% of the company’s stock.
About Entegris
Entegris, Inc engages in the development, manufacture, and supply of specialty materials for microelectronics industry. It operates through the following business segments: Specialty Chemicals and Engineered Materials (SCEM); Advanced Materials Handling (AMH); and Microcontamination Control (MC). The SCEM segment provides purity process chemistries, gases, and materials and delivery systems to support semiconductor and other advance manufacturing processes.
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