Needham & Company LLC reissued their buy rating on shares of Entegris, Inc. (NASDAQ:ENTG) in a research report released on Tuesday morning. The firm currently has a $29.00 target price on the semiconductor company’s stock.
A number of other equities research analysts have also weighed in on the stock. Stifel Nicolaus reaffirmed a buy rating and set a $28.00 target price (up previously from $26.00) on shares of Entegris in a research note on Thursday, July 13th. KeyCorp reaffirmed an outperform rating and set a $30.00 target price on shares of Entegris in a research note on Saturday, September 16th. BidaskClub lowered shares of Entegris from a buy rating to a hold rating in a research note on Saturday, August 5th. Zacks Investment Research lowered shares of Entegris from a buy rating to a hold rating in a research note on Wednesday, June 28th. Finally, Dougherty & Co lifted their target price on shares of Entegris from $27.50 to $30.00 and gave the company a buy rating in a research note on Friday, July 28th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. Entegris has an average rating of Buy and an average target price of $28.22.
Entegris (NASDAQ:ENTG) opened at 27.85 on Tuesday. The stock’s 50 day moving average is $25.37 and its 200 day moving average is $24.25. The firm has a market cap of $3.95 billion, a price-to-earnings ratio of 33.12 and a beta of 1.46. Entegris has a one year low of $14.73 and a one year high of $28.28.
Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. The business had revenue of $329.00 million for the quarter, compared to analyst estimates of $324.51 million. Entegris had a net margin of 9.63% and a return on equity of 17.04%. The company’s revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.28 EPS. On average, analysts predict that Entegris will post $1.28 earnings per share for the current fiscal year.
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In related news, CFO Gregory B. Graves sold 32,593 shares of the business’s stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $26.01, for a total transaction of $847,743.93. Following the sale, the chief financial officer now owns 65,554 shares of the company’s stock, valued at $1,705,059.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Gregory B. Graves sold 19,712 shares of the business’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $26.21, for a total transaction of $516,651.52. Following the sale, the chief financial officer now directly owns 61,546 shares in the company, valued at approximately $1,613,120.66. The disclosure for this sale can be found here. Insiders have sold a total of 85,764 shares of company stock worth $2,223,894 in the last ninety days. Insiders own 1.70% of the company’s stock.
A number of large investors have recently bought and sold shares of ENTG. BlackRock Inc. boosted its stake in Entegris by 26,099.4% during the first quarter. BlackRock Inc. now owns 9,885,824 shares of the semiconductor company’s stock worth $231,328,000 after acquiring an additional 9,848,091 shares in the last quarter. Eagle Asset Management Inc. boosted its stake in Entegris by 285.8% during the second quarter. Eagle Asset Management Inc. now owns 2,324,644 shares of the semiconductor company’s stock worth $51,025,000 after acquiring an additional 1,722,099 shares in the last quarter. FMR LLC boosted its stake in Entegris by 169.6% during the first quarter. FMR LLC now owns 2,523,000 shares of the semiconductor company’s stock worth $59,038,000 after acquiring an additional 1,587,200 shares in the last quarter. Rothschild Asset Management Inc. bought a new stake in Entegris during the second quarter worth about $12,573,000. Finally, Vanguard Group Inc. boosted its stake in Entegris by 4.3% during the first quarter. Vanguard Group Inc. now owns 11,209,039 shares of the semiconductor company’s stock worth $262,292,000 after acquiring an additional 459,189 shares in the last quarter. 95.08% of the stock is currently owned by institutional investors and hedge funds.
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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