Entegris, Inc. (NASDAQ:ENTG) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Entegris, Inc. (NASDAQ:ENTG) have been given an average recommendation of “Moderate Buy” by the eight research firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $124.88.

Several analysts have weighed in on the stock. StockNews.com raised shares of Entegris from a “sell” rating to a “hold” rating in a research note on Thursday, April 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 price target on shares of Entegris in a report on Friday, February 7th. Mizuho cut their price objective on Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Finally, KeyCorp decreased their target price on Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a report on Friday, February 7th.

Insider Buying and Selling at Entegris

In other Entegris news, SVP Clinton M. Haris sold 12,652 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the transaction, the senior vice president now owns 34,820 shares in the company, valued at approximately $3,722,954.40. This trade represents a 26.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Olivier Blachier sold 984 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.00, for a total value of $106,272.00. Following the completion of the sale, the senior vice president now directly owns 10,903 shares of the company’s stock, valued at approximately $1,177,524. This trade represents a 8.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. FMR LLC grew its holdings in shares of Entegris by 130.9% in the 3rd quarter. FMR LLC now owns 272,833 shares of the semiconductor company’s stock valued at $30,702,000 after buying an additional 154,658 shares during the period. Benjamin Edwards Inc. lifted its holdings in Entegris by 33,412.5% during the third quarter. Benjamin Edwards Inc. now owns 2,681 shares of the semiconductor company’s stock worth $302,000 after acquiring an additional 2,673 shares in the last quarter. Hilltop Holdings Inc. acquired a new position in Entegris in the third quarter valued at about $250,000. Investment Management Corp of Ontario increased its holdings in shares of Entegris by 47.2% in the third quarter. Investment Management Corp of Ontario now owns 4,988 shares of the semiconductor company’s stock worth $561,000 after acquiring an additional 1,600 shares in the last quarter. Finally, Polar Asset Management Partners Inc. acquired a new stake in shares of Entegris during the third quarter worth about $5,930,000.

Entegris Stock Down 5.9 %

NASDAQ ENTG opened at $62.92 on Friday. Entegris has a 1-year low of $60.75 and a 1-year high of $147.57. The company has a market capitalization of $9.52 billion, a price-to-earnings ratio of 32.60, a PEG ratio of 1.50 and a beta of 1.36. The stock’s 50 day moving average is $96.65 and its two-hundred day moving average is $102.11. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08.

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

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.40 annualized dividend and a yield of 0.64%. Entegris’s dividend payout ratio is currently 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).