Entegris Inc (ENTG) Upgraded by Goldman Sachs Group Inc to “Conviction-Buy”
Entegris Inc (NASDAQ:ENTG) was upgraded by Goldman Sachs Group Inc from a “buy” rating to a “conviction-buy” rating in a research note issued on Monday, The Fly reports.
Other equities analysts also recently issued reports about the stock. Craig Hallum downgraded shares of Entegris from a “buy” rating to a “hold” rating in a report on Friday, April 28th. They noted that the move was a valuation call. Aegis assumed coverage on shares of Entegris in a research report on Friday, March 17th. They issued a “buy” rating and a $29.00 target price for the company. Zacks Investment Research upgraded shares of Entegris from a “sell” rating to a “hold” rating and set a $22.00 target price for the company in a research report on Monday, February 6th. Citigroup Inc increased their target price on shares of Entegris from $21.00 to $24.00 and gave the company a “neutral” rating in a research report on Monday, March 20th. Finally, Needham & Company LLC restated a “positive” rating and set a $25.00 price objective on shares of Entegris in a research report on Tuesday, March 21st. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $24.44.
Entegris (NASDAQ:ENTG) opened at 23.35 on Monday. The stock has a market cap of $3.31 billion, a PE ratio of 29.19 and a beta of 1.43. The stock’s 50 day moving average is $23.93 and its 200 day moving average is $20.59. Entegris has a 52 week low of $13.21 and a 52 week high of $25.60.
Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Thursday, April 27th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.03. Entegris had a net margin of 8.27% and a return on equity of 15.45%. The firm had revenue of $317.40 million for the quarter, compared to the consensus estimate of $304.62 million. During the same period in the prior year, the firm posted $0.17 earnings per share. The firm’s quarterly revenue was up 18.9% compared to the same quarter last year. Analysts predict that Entegris will post $1.16 EPS for the current year.
In other Entegris news, Director Daniel W. Christman sold 3,408 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $23.51, for a total transaction of $80,122.08. Following the sale, the director now owns 81,689 shares of the company’s stock, 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, COO Todd James Edlund sold 3,100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $22.07, for a total transaction of $68,417.00. Following the sale, the chief operating officer now directly owns 129,778 shares in the company, valued at approximately $2,864,200.46. The disclosure for this sale can be found here. Insiders sold 184,487 shares of company stock valued at $4,184,171 in the last quarter. 1.70% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in ENTG. Oxford Asset Management boosted its stake in Entegris by 30.8% in the fourth quarter. Oxford Asset Management now owns 306,908 shares of the semiconductor company’s stock worth $5,494,000 after buying an additional 72,235 shares during the last quarter. State Street Corp boosted its position in shares of Entegris by 5.0% in the fourth quarter. State Street Corp now owns 2,585,246 shares of the semiconductor company’s stock worth $46,275,000 after buying an additional 122,922 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of Entegris by 195.9% in the fourth quarter. Bessemer Group Inc. now owns 10,800 shares of the semiconductor company’s stock worth $193,000 after buying an additional 7,150 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Entegris during the fourth quarter worth approximately $3,965,000. Finally, Fuller & Thaler Asset Management Inc. acquired a new position in shares of Entegris during the third quarter worth approximately $8,233,000. 98.55% of the stock is currently owned by institutional investors.
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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