Entegris (NASDAQ:ENTG) Stock Rating Upgraded by Zacks Research

Entegris (NASDAQ:ENTG) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday, Zacks reports.

Several other research analysts have also commented on the stock. UBS Group lifted their price objective on shares of Entegris from $205.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, October 30th. Deutsche Bank Aktiengesellschaft raised shares of Entegris from a “hold” rating to a “buy” rating and increased their target price for the company from $152.00 to $200.00 in a research note on Wednesday, August 12th. Needham & Company LLC raised their target price on shares of Entegris from $170.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, October 29th. The Goldman Sachs Group lifted their price target on shares of Entegris from $120.00 to $135.00 and gave the stock a “sell” rating in a research note on Friday, October 30th. Finally, Freedom Capital upgraded shares of Entegris to a “strong-buy” rating in a report on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $187.17.

Entegris Price Performance

Shares of NASDAQ ENTG traded up $3.23 during mid-day trading on Thursday, hitting $127.98. 4,659,347 shares of the company’s stock traded hands, compared to its average volume of 3,057,115. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.66 and a quick ratio of 1.59. Entegris has a 1 year low of $67.97 and a 1 year high of $186.94. The company’s 50-day moving average is $146.15 and its two-hundred day moving average is $138.59. The company has a market capitalization of $19.56 billion, a P/E ratio of 49.99, a PEG ratio of 1.21 and a beta of 1.39.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Thursday, October 29th. The semiconductor company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.20. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $925.35 million. Entegris had a return on equity of 13.86% and a net margin of 11.14%. The firm’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.72 earnings per share. On average, equities analysts anticipate that Entegris will post 4.38 EPS for the current fiscal year.

Insider Transactions at Entegris

In other Entegris news, SVP Susan G. Rice sold 2,062 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $149.52, for a total value of $308,310.24. Following the completion of the sale, the senior vice president directly owned 66,976 shares of the company’s stock, valued at $10,014,251.52. The trade was a 2.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Olivier Blachier sold 2,000 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $160.66, for a total transaction of $321,320.00. Following the completion of the transaction, the insider owned 34,997 shares in the company, valued at $5,622,618.02. This represents a 5.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 7,978 shares of company stock worth $1,273,734. Insiders own 0.53% of the company’s stock.

Institutional Trading of Entegris

Several institutional investors and hedge funds have recently modified their holdings of the stock. Man Group plc bought a new position in shares of Entegris during the 2nd quarter worth $2,461,000. Generate Investment Management Ltd purchased a new position in shares of Entegris during the third quarter valued at $16,893,000. Empowered Funds LLC purchased a new position in shares of Entegris during the second quarter valued at $1,368,000. Deutsche Bank AG bought a new stake in shares of Entegris in the second quarter valued at about $69,930,000. Finally, BlackRock Inc. bought a new stake in shares of Entegris in the second quarter valued at about $3,683,556,000.

About Entegris

Entegris, Inc supplies advanced materials and process solutions used in semiconductor manufacturing and other high-technology industries. Its products help customers control contamination and manage materials throughout complex manufacturing processes.

The company’s offerings include specialty chemicals and gases, filtration and purification systems, fluid and gas handling products, and wafer handling and storage solutions. Entegris also provides related services and technologies designed to support the production of semiconductor devices and other advanced products.

Entegris serves customers around the world, with operations and support across the Americas, Asia and Europe.