Entegris Inc (NASDAQ:ENTG) has earned a consensus recommendation of “Buy” from the nine analysts that are currently covering the firm. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $24.81.
A number of equities research analysts have issued reports on ENTG shares. Dougherty & Co increased their price objective on shares of Entegris from $20.00 to $23.00 and gave the company a “buy” rating in a report on Friday, February 3rd. Stifel Nicolaus raised their target price on shares of Entegris from $19.00 to $22.00 and gave the company a “buy” rating in a report on Thursday, January 26th. Aegis began coverage on shares of Entegris in a report on Friday, March 17th. They issued a “buy” rating and a $29.00 target price for the company. Needham & Company LLC raised shares of Entegris from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a report on Monday, March 13th. Finally, Goldman Sachs Group Inc assumed coverage on shares of Entegris in a report on Friday, February 10th. They issued a “buy” rating and a $26.00 target price for the company.
Shares of Entegris (NASDAQ:ENTG) opened at 24.25 on Friday. The stock’s 50 day moving average is $23.98 and its 200-day moving average is $20.78. The company has a market cap of $3.44 billion, a P/E ratio of 30.31 and a beta of 1.43. Entegris has a one year low of $13.21 and a one year high of $25.60.
Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Thursday, April 27th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. Entegris had a net margin of 8.27% and a return on equity of 15.45%. The business had revenue of $317.40 million during the quarter, compared to analyst estimates of $304.62 million. During the same period last year, the firm posted $0.17 EPS. The company’s revenue was up 18.9% on a year-over-year basis. Equities research analysts forecast that Entegris will post $1.16 earnings per share for the current year.
In other news, Director Daniel W. Christman sold 3,408 shares of Entegris stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $23.51, for a total transaction of $80,122.08. Following the completion of the sale, the director now directly owns 81,689 shares in the company, valued at $1,920,508.39. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP John J. Murphy sold 2,626 shares of Entegris stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $21.65, for a total value of $56,852.90. Following the sale, the senior vice president now owns 64,582 shares of the company’s stock, valued at $1,398,200.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 56,660 shares of company stock valued at $1,363,528. Corporate insiders own 1.70% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Entegris by 4.3% in the first quarter. Vanguard Group Inc. now owns 11,209,039 shares of the semiconductor company’s stock valued at $262,292,000 after buying an additional 459,189 shares during the period. BlackRock Inc. increased its stake in Entegris by 26,099.4% in the first quarter. BlackRock Inc. now owns 9,885,824 shares of the semiconductor company’s stock valued at $231,328,000 after buying an additional 9,848,091 shares during the period. Dimensional Fund Advisors LP increased its stake in Entegris by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,820,329 shares of the semiconductor company’s stock valued at $86,285,000 after buying an additional 137,631 shares during the period. Silvercrest Asset Management Group LLC increased its stake in Entegris by 6.0% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 4,689,604 shares of the semiconductor company’s stock valued at $83,944,000 after buying an additional 264,977 shares during the period. Finally, Northern Trust Corp increased its stake in Entegris by 0.3% in the third quarter. Northern Trust Corp now owns 3,962,442 shares of the semiconductor company’s stock valued at $69,025,000 after buying an additional 11,332 shares during the period. Institutional investors and hedge funds own 98.55% of the company’s stock.
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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