Entegris, Inc. (ENTG) Downgraded by Zacks Investment Research
Entegris, Inc. (NASDAQ:ENTG) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
According to Zacks, “Entegris is a leading provider of materials management solutions to the microelectronics industry including, in particular, the semiconductor manufacturing and disk manufacturing markets. The company’s materials management solutions for the semiconductor industry assure the integrity of materials as they are handled, stored, processed and transported throughout the semiconductor manufacturing process. These solutions enable customers to protect their investment in work-in-process and finished devices. “
A number of other analysts also recently weighed in on ENTG. Stifel Nicolaus restated a “buy” rating and issued a $28.00 target price (up previously from $26.00) on shares of Entegris in a research report on Thursday, July 13th. Loop Capital started coverage on Entegris in a research report on Thursday, September 28th. They issued a “buy” rating and a $35.00 price objective for the company. BidaskClub downgraded Entegris from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Needham & Company LLC reiterated a “buy” rating and issued a $29.00 price objective on shares of Entegris in a research report on Tuesday, September 19th. Finally, Dougherty & Co boosted their price objective on Entegris from $27.50 to $30.00 and gave the company a “buy” rating in a research report on Friday, July 28th. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $28.90.
Entegris (ENTG) remained flat at $29.95 on Tuesday. 549,896 shares of the company traded hands. The company has a 50-day moving average of $27.50 and a 200-day moving average of $25.07. The company has a market cap of $4.25 billion, a PE ratio of 35.61 and a beta of 1.52. Entegris has a 52-week low of $14.73 and a 52-week high of $30.10.
Entegris (NASDAQ:ENTG) last released its earnings results on Thursday, July 27th. The semiconductor company reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.05. The company had revenue of $329.00 million during the quarter, compared to the consensus estimate of $324.51 million. Entegris had a return on equity of 17.04% and a net margin of 9.63%. Entegris’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS. On average, analysts anticipate that Entegris will post $1.28 EPS for the current year.
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In other news, VP Corey Rucci sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $26.25, for a total value of $393,750.00. Following the completion of the sale, the vice president now directly owns 25,964 shares of the company’s stock, valued at approximately $681,555. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Gregory B. Graves sold 32,593 shares of the firm’s stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $26.01, for a total value of $847,743.93. Following the completion of the sale, the chief financial officer now directly owns 65,554 shares of the company’s stock, valued at $1,705,059.54. The disclosure for this sale can be found here. Insiders sold a total of 85,764 shares of company stock valued at $2,223,894 over the last ninety days. Corporate insiders own 1.70% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Teacher Retirement System of Texas lifted its stake in shares of Entegris by 0.5% in the 2nd quarter. Teacher Retirement System of Texas now owns 11,271 shares of the semiconductor company’s stock valued at $247,000 after purchasing an additional 53 shares during the last quarter. Alps Advisors Inc. lifted its stake in shares of Entegris by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 21,965 shares of the semiconductor company’s stock worth $482,000 after acquiring an additional 56 shares during the last quarter. Pacad Investment Ltd. lifted its stake in shares of Entegris by 0.7% during the 2nd quarter. Pacad Investment Ltd. now owns 13,821 shares of the semiconductor company’s stock worth $303,000 after acquiring an additional 100 shares during the last quarter. Ameritas Investment Partners Inc. lifted its stake in shares of Entegris by 1.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 12,364 shares of the semiconductor company’s stock worth $271,000 after acquiring an additional 148 shares during the last quarter. Finally, 1st Global Advisors Inc. lifted its stake in shares of Entegris by 0.6% during the 2nd quarter. 1st Global Advisors Inc. now owns 34,720 shares of the semiconductor company’s stock worth $762,000 after acquiring an additional 206 shares during the last quarter. 94.81% 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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