Entegris, Inc. (NASDAQ:ENTG) had its target price lifted by Dougherty & Co from $33.00 to $36.00 in a research report report published on Friday, October 27th, MarketBeat Ratings reports. The brokerage currently has a buy rating on the semiconductor company’s stock. Dougherty & Co also issued estimates for Entegris’ Q3 2017 earnings at $0.34 EPS and FY2018 earnings at $1.42 EPS.
A number of other research firms have also recently weighed in on ENTG. Needham & Company LLC reaffirmed a buy rating and set a $35.00 price objective on shares of Entegris in a research report on Friday, October 27th. Citigroup Inc. increased their price objective on Entegris from $29.00 to $34.00 and gave the stock a neutral rating in a research report on Friday, October 27th. Zacks Investment Research raised Entegris from a hold rating to a strong-buy rating and set a $35.00 price objective for the company in a research report on Thursday, October 19th. Loop Capital assumed coverage on Entegris in a research report on Thursday, September 28th. They set a buy rating and a $35.00 price objective for the company. Finally, KeyCorp reaffirmed an outperform rating and set a $30.00 price objective on shares of Entegris in a research report on Saturday, September 16th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $32.10.
Entegris (NASDAQ:ENTG) traded down $0.75 during trading on Friday, reaching $30.95. The company’s stock had a trading volume of 975,000 shares, compared to its average volume of 854,184. Entegris has a 52 week low of $17.10 and a 52 week high of $33.05. The company has a quick ratio of 2.43, a current ratio of 3.14 and a debt-to-equity ratio of 0.40. The firm has a market cap of $4,482.27, a PE ratio of 24.96, a price-to-earnings-growth ratio of 2.05 and a beta of 1.56.
Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.06. Entegris had a return on equity of 18.82% and a net margin of 10.73%. The company had revenue of $345.60 million during the quarter, compared to analysts’ expectations of $334.30 million. During the same period last year, the firm earned $0.24 EPS. The firm’s revenue for the quarter was up 16.5% on a year-over-year basis. equities analysts predict that Entegris will post 1.37 EPS for the current year.
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The firm also recently announced a special dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 1st will be paid a dividend of $0.07 per share. The ex-dividend date is Tuesday, October 31st. Entegris’s dividend payout ratio (DPR) is 7.22%.
In related news, Director Paul L. H. Olson sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $25.77, for a total value of $90,195.00. Following the completion of the transaction, the director now directly owns 52,864 shares of the company’s stock, valued at approximately $1,362,305.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Todd James Edlund sold 5,954 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $32.32, for a total value of $192,433.28. Following the completion of the transaction, the chief operating officer now directly owns 143,774 shares of the company’s stock, valued at $4,646,775.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,796 shares of company stock valued at $909,907. Company insiders own 1.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ENTG. UBS Asset Management Americas Inc. increased its stake in Entegris by 42.6% in the 1st quarter. UBS Asset Management Americas Inc. now owns 66,493 shares of the semiconductor company’s stock valued at $1,556,000 after purchasing an additional 19,854 shares in the last quarter. FMR LLC increased its stake in Entegris by 169.6% in the 1st quarter. FMR LLC now owns 2,523,000 shares of the semiconductor company’s stock valued at $59,038,000 after purchasing an additional 1,587,200 shares in the last quarter. Teachers Advisors LLC increased its stake in Entegris by 0.7% in the 1st quarter. Teachers Advisors LLC now owns 1,130,271 shares of the semiconductor company’s stock valued at $26,448,000 after purchasing an additional 7,426 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in Entegris by 28.1% in the 1st quarter. TIAA CREF Investment Management LLC now owns 541,486 shares of the semiconductor company’s stock valued at $12,671,000 after purchasing an additional 118,706 shares in the last quarter. Finally, California Public Employees Retirement System increased its stake in Entegris by 3.8% in the 1st quarter. California Public Employees Retirement System now owns 158,400 shares of the semiconductor company’s stock valued at $3,707,000 after purchasing an additional 5,800 shares in the last quarter. 95.26% of the stock is owned by hedge funds and other institutional investors.
Entegris, Inc is a global developer, manufacturer and supplier of microcontamination control products, specialty chemicals and materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries. The Company operates in three business segments: Specialty Chemicals and Engineered Materials (SCEM), Advanced Materials Handling (AMH) and Microcontamination Control (MC).
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