Entegris, Inc. (NASDAQ:ENTG) Receives $141.64 Average PT from Brokerages

Shares of Entegris, Inc. (NASDAQ:ENTG) have been assigned an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $141.64.

ENTG has been the subject of a number of research analyst reports. UBS Group lifted their target price on shares of Entegris from $90.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Mizuho restated a “neutral” rating and set a $140.00 price target on shares of Entegris in a research note on Tuesday, February 20th. BMO Capital Markets boosted their price target on Entegris from $130.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. KeyCorp boosted their target price on shares of Entegris from $136.00 to $164.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. Finally, Wolfe Research assumed coverage on shares of Entegris in a research report on Friday, March 1st. They set an “outperform” rating and a $160.00 target price for the company.

Insider Buying and Selling

In other news, CAO Michael Sauer sold 1,897 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total value of $251,428.38. Following the completion of the transaction, the chief accounting officer now owns 1,779 shares of the company’s stock, valued at $235,788.66. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CAO Michael Sauer sold 1,897 shares of Entegris stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $132.54, for a total transaction of $251,428.38. Following the sale, the chief accounting officer now owns 1,779 shares in the company, valued at $235,788.66. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Daniel D. Woodland sold 9,000 shares of Entegris stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $139.50, for a total transaction of $1,255,500.00. Following the sale, the insider now owns 32,730 shares in the company, valued at approximately $4,565,835. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,082 shares of company stock valued at $5,606,849. Company insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On Entegris

Several large investors have recently made changes to their positions in the company. Commerce Bank increased its holdings in shares of Entegris by 0.6% in the fourth quarter. Commerce Bank now owns 13,725 shares of the semiconductor company’s stock worth $1,645,000 after purchasing an additional 86 shares during the last quarter. Manchester Capital Management LLC increased its stake in Entegris by 19.1% in the 4th quarter. Manchester Capital Management LLC now owns 599 shares of the semiconductor company’s stock worth $72,000 after acquiring an additional 96 shares during the last quarter. Allworth Financial LP increased its position in Entegris by 7.3% in the fourth quarter. Allworth Financial LP now owns 1,463 shares of the semiconductor company’s stock worth $175,000 after purchasing an additional 100 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in Entegris by 5.3% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,105 shares of the semiconductor company’s stock worth $253,000 after purchasing an additional 105 shares during the last quarter. Finally, Rehmann Capital Advisory Group increased its position in Entegris by 4.3% in the third quarter. Rehmann Capital Advisory Group now owns 2,615 shares of the semiconductor company’s stock worth $246,000 after purchasing an additional 108 shares during the last quarter.

Entegris Trading Up 1.7 %

NASDAQ:ENTG opened at $126.17 on Friday. The stock has a market cap of $19.02 billion, a price-to-earnings ratio of 106.03 and a beta of 1.32. The company’s 50 day moving average price is $136.04 and its 200-day moving average price is $117.73. Entegris has a 52 week low of $69.37 and a 52 week high of $146.91. The company has a quick ratio of 2.67, a current ratio of 3.85 and a debt-to-equity ratio of 1.35.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Tuesday, February 13th. The semiconductor company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. Entegris had a net margin of 5.13% and a return on equity of 12.00%. The firm had revenue of $812.30 million during the quarter, compared to analyst estimates of $780.95 million. During the same period in the previous year, the business posted $0.83 earnings per share. The business’s revenue for the quarter was down 14.1% on a year-over-year basis. On average, equities research analysts forecast that Entegris will post 3.31 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 1st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.32%. The ex-dividend date is Tuesday, April 30th. Entegris’s dividend payout ratio is currently 33.61%.

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).