Entegris, Inc. (ENTG) Downgraded by BidaskClub to “Buy”
Entegris, Inc. (NASDAQ:ENTG) was downgraded by research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Wednesday.
A number of other brokerages also recently weighed in on ENTG. Craig Hallum downgraded shares of Entegris from a “buy” rating to a “hold” rating in a research report on Friday, April 28th. They noted that the move was a valuation call. Dougherty & Co increased their price target on shares of Entegris from $26.50 to $27.50 and gave the company a “buy” rating in a research report on Friday, April 28th. Goldman Sachs Group, Inc. (The) upgraded shares of Entegris from a “buy” rating to a “conviction-buy” rating and set a $29.00 price target on the stock in a research report on Monday, May 22nd. Citigroup Inc. increased their price target 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 reiterated a “positive” rating and issued a $25.00 price target on shares of Entegris in a research report on Tuesday, March 21st. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $24.81.
Shares of Entegris (ENTG) traded down 1.61% during mid-day trading on Wednesday, reaching $24.50. 1,397,314 shares of the company were exchanged. The company’s 50 day moving average price is $24.77 and its 200 day moving average price is $21.55. The firm has a market capitalization of $3.47 billion, a PE ratio of 30.62 and a beta of 1.45. Entegris has a 12 month low of $13.41 and a 12 month high of $27.20.
Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Thursday, April 27th. The semiconductor company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. The business had revenue of $317.40 million for the quarter, compared to the consensus estimate of $304.62 million. Entegris had a net margin of 9.26% and a return on equity of 16.65%. Entegris’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same period last year, the company posted $0.17 EPS. Equities analysts anticipate that Entegris will post $1.16 earnings per share for the current year.
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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 directly owns 81,689 shares in the company, valued at approximately $1,920,508.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael A. Bradley sold 9,107 shares of the firm’s stock in a transaction that occurred on Friday, March 17th. The stock was sold at an average price of $23.35, for a total transaction of $212,648.45. Following the sale, the director now owns 68,424 shares in the company, valued at $1,597,700.40. The disclosure for this sale can be found here. Insiders have sold a total of 61,143 shares of company stock worth $1,513,878 over the last 90 days. Corporate insiders own 1.70% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. FNY Partners Fund LP acquired a new position in shares of Entegris during the first quarter valued at $154,000. CIBC World Markets Inc. acquired a new position in shares of Entegris during the first quarter valued at $228,000. First Interstate Bank boosted its position in shares of Entegris by 0.7% in the first quarter. First Interstate Bank now owns 9,970 shares of the semiconductor company’s stock valued at $233,000 after buying an additional 70 shares in the last quarter. GW&K Investment Management LLC acquired a new position in shares of Entegris during the first quarter valued at $241,000. Finally, 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 valued at $193,000 after buying an additional 7,150 shares in the last quarter. Hedge funds and other institutional investors own 97.65% of the company’s stock.
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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