Entegris’s Buy Rating Reaffirmed at Stifel Nicolaus (ENTG)
Entegris (NASDAQ:ENTG)‘s stock had its “buy” rating reiterated by investment analysts at Stifel Nicolaus in a note issued to investors on Friday. They currently have a $15.00 price target on the stock, up from their previous price target of $14.00. Stifel Nicolaus’ price target indicates a potential upside of 14.68% from the company’s current price.
The analysts wrote, “On Thursday, Entegris hosted an Analyst Day at its new i2M Research Center where it provided a broad overview of the “new” company following its acquisition of ATMI. On top of the operating model update that we were seeking, we emerged positively biased on the potential of Entegris as it is poised to capitalize on many semiconductor technology inflections, see greater stability in its revenue trends (higher unit-driven capital intensity), and increased scale that provides a significant competitive advantage.”
Entegris (NASDAQ:ENTG) opened at 13.08 on Friday. 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 $1.820 billion and a P/E ratio of 24.94.
Entegris (NASDAQ:ENTG) last posted its quarterly 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 $0.66 EPS for the current fiscal year.
A number of other firms have also recently commented on ENTG. Analysts at First Analysis upgraded shares of Entegris from an “equal weight” rating to an “overweight” rating in a research note on Friday. Separately, 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. Finally, analysts at Needham & Company LLC raised their price target on shares of Entegris from $13.00 to $14.00 in a research note on Thursday, April 24th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $13.14.
In other Entegris news, VP Todd James Edlund unloaded 22,718 shares of Entegris stock on the open market in a transaction dated Thursday, June 19th. The shares were sold at an average price of $13.48, for a total transaction of $306,238.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
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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