Entegris, Inc. (NASDAQ:ENTG) Given Average Recommendation of “Buy” by Analysts

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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Analyst Recommendations for Entegris (NASDAQ:ENTG)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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