Stifel Nicolaus Reiterates Buy Rating for Entegris, Inc. (ENTG)
Entegris, Inc. (NASDAQ:ENTG)‘s stock had its “buy” rating restated by stock analysts at Stifel Nicolaus in a report issued on Thursday. They presently have a $28.00 price objective on the semiconductor company’s stock, up from their previous price objective of $26.00. Stifel Nicolaus’ price target points to a potential upside of 16.18% from the company’s previous close.
A number of other equities research analysts have also weighed in on the stock. Deutsche Bank AG began coverage on shares of Entegris in a research note on Wednesday, July 5th. They set a “hold” rating and a $24.00 target price on the stock. Zacks Investment Research cut shares of Entegris from a “buy” rating to a “hold” rating in a research report on Wednesday, June 28th. BidaskClub cut shares of Entegris from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. Goldman Sachs Group, Inc. (The) raised shares of Entegris from a “buy” rating to a “conviction-buy” rating and set a $29.00 price target for the company in a research report on Monday, May 22nd. Finally, Craig Hallum cut 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. Five research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $25.39.
Shares of Entegris (ENTG) traded up 1.05% during trading on Thursday, hitting $24.10. 931,476 shares of the stock traded hands. The firm has a market cap of $3.41 billion, a price-to-earnings ratio of 30.12 and a beta of 1.44. The company has a 50 day moving average price of $24.33 and a 200 day moving average price of $21.98. Entegris has a 12 month low of $14.18 and a 12 month high of $27.20.
Entegris (NASDAQ:ENTG) last announced its 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 firm had revenue of $317.40 million for the quarter, compared to analyst estimates of $304.62 million. Entegris had a net margin of 9.26% and a return on equity of 16.65%. The company’s revenue for the quarter was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.17 EPS. Analysts anticipate that Entegris will post $1.16 earnings per share for the current fiscal year.
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In other Entegris news, Director Daniel W. Christman sold 3,408 shares of Entegris stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $23.51, for a total value of $80,122.08. Following the completion of the transaction, the director now directly owns 81,689 shares of the company’s stock, valued at $1,920,508.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Gregory Bryan Marshall sold 11,765 shares of Entegris stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $25.03, for a total transaction of $294,477.95. Following the completion of the transaction, the senior vice president now directly owns 15,241 shares of the company’s stock, valued at $381,482.23. The disclosure for this sale can be found here. Insiders sold 52,036 shares of company stock valued at $1,301,229 over the last ninety days. Corporate insiders own 1.70% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. FNY Partners Fund LP bought a new position in Entegris during the first quarter valued at $154,000. CIBC World Markets Inc. bought a new position in Entegris during the first quarter valued at $228,000. First Interstate Bank boosted its position in 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 during the last quarter. GW&K Investment Management LLC bought a new position in Entegris during the first quarter valued at $241,000. Finally, HighTower Advisors LLC bought a new position in Entegris during the first quarter valued at $264,000. 97.65% of the stock is owned by institutional investors and hedge funds.
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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