Entegris Given Consensus Rating of “Buy” by Analysts (NASDAQ:ENTG)
Shares of Entegris (NASDAQ:ENTG) have received an average rating of “Buy” from the twelve analysts that are covering the stock, Stock Ratings Network.com reports. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $13.14.
In other Entegris news, VP Todd James Edlund unloaded 22,718 shares of the company’s stock on the open market in a transaction that occurred on Thursday, June 19th. The shares were sold at an average price of $13.48, for a total value of $306,238.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Entegris in a research note on Friday. They now have a $15.00 price target on the stock, up previously from $14.00. Separately, analysts at First Analysis upgraded shares of Entegris from an “equal weight” rating to an “overweight” rating in a research note on Friday. Finally, analysts at Stifel raised their price target on shares of Entegris from $14.00 to $15.00 in a research note on Friday. They now have a “buy” rating on the stock.
Entegris (NASDAQ:ENTG) traded up 2.45% on Friday, hitting $13.40. The stock had a trading volume of 613,023 shares. Entegris has a 52-week low of $8.97 and a 52-week high of $13.72. The stock has a 50-day moving average of $11.56 and a 200-day moving average of $11.55. The company has a market cap of $1.865 billion and a price-to-earnings ratio of 25.65.
Entegris (NASDAQ:ENTG) last announced its earnings results on Wednesday, April 23rd. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by $0.01. The company had revenue of $165.80 million for the quarter, compared to the consensus estimate of $171.70 million. During the same quarter in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up .4% on a year-over-year basis. Analysts expect that Entegris will post $0.67 EPS for the current fiscal year.
Entegris, Inc is a global developer, manufacturer and supplier of products and materials used in processing and manufacturing in the semiconductor and other high-technology industries.
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