Entegris Inc (ENTG) Given Consensus Rating of “Buy” by Brokerages

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.

TRADEMARK VIOLATION NOTICE: “Entegris Inc (ENTG) Given Consensus Rating of “Buy” by Brokerages” was originally reported by BBNS and is owned by of BBNS. If you are reading this story on another website, it was illegally copied and republished in violation of US and international trademark & copyright legislation. The correct version of this story can be read at https://baseballnewssource.com/markets/entegris-inc-entg-given-consensus-rating-of-buy-by-brokerages/833502.html.

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.

About Entegris

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).

12 Month Chart for NASDAQ:ENTG

Receive News & Ratings for Entegris Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entegris Inc and related companies with our FREE daily email newsletter.

 


Latest News

Lack of Offense Leading to Mediocrity for Boston Red Sox
Lack of Offense Leading to Mediocrity for Boston Red Sox
MLB and Facebook Announce Live Streaming for Games
MLB and Facebook Announce Live Streaming for Games
Can Anyway Stop the Houston Astros?
Can Anyway Stop the Houston Astros?
Kevin Pillar Turns from Defense to Offense
Kevin Pillar Turns from Defense to Offense
Chris Iannetta Hit in Face with 93mph Fastball
Chris Iannetta Hit in Face with 93mph Fastball
Ryan Zimmerman Resurgence Once Again Helping Nationals
Ryan Zimmerman Resurgence Once Again Helping Nationals


Leave a Reply

 
© 2006-2017 BBNS.