Entegris’ (ENTG) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Entegris (NASDAQ:ENTG) in a research note released on Wednesday morning, Benzinga reports. Needham & Company LLC currently has a $150.00 price objective on the semiconductor company’s stock.

ENTG has been the topic of several other research reports. StockNews.com downgraded Entegris from a hold rating to a sell rating in a research note on Thursday, February 22nd. Wolfe Research began coverage on Entegris in a research note on Friday, March 1st. They set an outperform rating and a $160.00 target price on the stock. BMO Capital Markets lifted their target price on Entegris from $130.00 to $160.00 and gave the company an outperform rating in a research note on Friday, February 16th. UBS Group lifted their target price on Entegris from $90.00 to $130.00 and gave the company a neutral rating in a research note on Thursday, February 15th. Finally, Mizuho reaffirmed a neutral rating and set a $140.00 target price on shares of Entegris in a research note on Tuesday, February 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $141.91.

Entegris Trading Up 4.1 %

Shares of NASDAQ ENTG opened at $131.80 on Wednesday. The company has a market cap of $19.87 billion, a price-to-earnings ratio of 63.37 and a beta of 1.31. Entegris has a 12-month low of $72.96 and a 12-month high of $146.91. The company has a current ratio of 3.85, a quick ratio of 2.67 and a debt-to-equity ratio of 1.35. The stock’s 50 day simple moving average is $135.29 and its 200 day simple moving average is $119.05.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.07. The business had revenue of $771.03 million for the quarter, compared to the consensus estimate of $769.24 million. Entegris had a return on equity of 11.99% and a net margin of 9.31%. The business’s revenue was down 16.4% on a year-over-year basis. During the same quarter last year, the business posted $0.65 EPS. Equities research analysts expect that Entegris will post 3.27 EPS for the current year.

Entegris Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date of this dividend is Tuesday, April 30th. Entegris’s payout ratio is 19.23%.

Insider Buying and Selling

In related news, CAO Michael Sauer sold 1,897 shares of Entegris stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total value of $251,428.38. Following the transaction, the chief accounting officer now directly owns 1,779 shares in the company, valued at approximately $235,788.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Susan G. Rice sold 17,518 shares of Entegris stock in a transaction on Friday, February 16th. The stock was sold at an average price of $135.86, for a total value of $2,379,995.48. Following the transaction, the senior vice president now directly owns 42,931 shares in the company, valued at approximately $5,832,605.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Michael Sauer sold 1,897 shares of Entegris stock in a transaction on 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 in the company, valued at $235,788.66. The disclosure for this sale can be found here. Insiders have sold 41,082 shares of company stock worth $5,606,849 in the last three months. 0.67% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ENTG. Robeco Institutional Asset Management B.V. grew its holdings in shares of Entegris by 20.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 4,536 shares of the semiconductor company’s stock valued at $426,000 after buying an additional 758 shares in the last quarter. Xponance Inc. grew its holdings in shares of Entegris by 2.1% during the third quarter. Xponance Inc. now owns 6,233 shares of the semiconductor company’s stock valued at $585,000 after buying an additional 129 shares in the last quarter. Simon Quick Advisors LLC grew its holdings in shares of Entegris by 67.4% during the third quarter. Simon Quick Advisors LLC now owns 4,069 shares of the semiconductor company’s stock valued at $382,000 after buying an additional 1,638 shares in the last quarter. Legacy Financial Group LLC purchased a new position in shares of Entegris during the third quarter valued at $30,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Entegris by 7.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 64,766 shares of the semiconductor company’s stock valued at $6,082,000 after buying an additional 4,255 shares in the last quarter.

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).