Entegris, Inc. (NASDAQ:ENTG) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Entegris, Inc. (NASDAQ:ENTG) have earned an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $128.78.

A number of research firms have weighed in on ENTG. UBS Group dropped their price target on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Craig Hallum dropped their price target on shares of Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. KeyCorp dropped their price target on shares of Entegris from $150.00 to $141.00 and set an “overweight” rating for the company in a research report on Friday, February 7th. StockNews.com upgraded shares of Entegris from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price target on shares of Entegris in a research report on Friday, February 7th.

Insider Buying and Selling

In other Entegris news, SVP Clinton M. Haris sold 12,652 shares of Entegris stock in a transaction on Monday, February 10th. The shares were sold at an average price of $106.92, for a total value of $1,352,751.84. Following the completion of the transaction, the senior vice president now directly owns 34,820 shares of the company’s stock, valued at $3,722,954.40. This trade represents a 26.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.67% of the stock is owned by company insiders.

Hedge Funds Weigh In On Entegris

Institutional investors and hedge funds have recently made changes to their positions in the business. Quarry LP purchased a new position in shares of Entegris in the 4th quarter worth $28,000. Capital Performance Advisors LLP purchased a new position in shares of Entegris in the 3rd quarter worth $29,000. Neo Ivy Capital Management purchased a new position in shares of Entegris in the 4th quarter worth $34,000. Blue Trust Inc. grew its stake in shares of Entegris by 221.3% in the 3rd quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company’s stock worth $39,000 after buying an additional 239 shares in the last quarter. Finally, Fortitude Family Office LLC grew its stake in shares of Entegris by 195.7% in the 4th quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock worth $41,000 after buying an additional 274 shares in the last quarter.

Entegris Stock Performance

Shares of NASDAQ ENTG opened at $107.99 on Thursday. The firm has a 50 day moving average of $103.14 and a 200 day moving average of $106.31. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $16.32 billion, a price-to-earnings ratio of 55.95, a price-to-earnings-growth ratio of 1.50 and a beta of 1.24. Entegris has a 12-month low of $94.92 and a 12-month high of $147.57.

Entegris (NASDAQ:ENTG) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.07. Entegris had a net margin of 9.03% and a return on equity of 12.83%. On average, research analysts anticipate that Entegris will post 3.51 earnings per share for the current year.

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.37%. Entegris’s dividend payout ratio is 20.73%.

About Entegris

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).