Entegris, Inc. (ENTG) Receives Average Recommendation of “Buy” from Analysts
Shares of Entegris, Inc. (NASDAQ:ENTG) have earned an average recommendation of “Buy” from the thirteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $32.10.
A number of analysts have recently commented on the company. Needham & Company LLC restated a “buy” rating and issued a $29.00 target price on shares of Entegris in a research note on Tuesday, September 19th. Loop Capital assumed coverage on Entegris in a research note on Thursday, September 28th. They issued a “buy” rating and a $35.00 target price on the stock. ValuEngine downgraded Entegris from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Dougherty & Co increased their price target on Entegris from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Finally, Zacks Investment Research downgraded Entegris from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th.
In other Entegris news, COO Todd James Edlund sold 5,954 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $32.32, for a total transaction of $192,433.28. Following the completion of the transaction, the chief operating officer now owns 143,774 shares of the company’s stock, valued at $4,646,775.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Stuart Tison sold 3,814 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $31.00, for a total value of $118,234.00. Following the transaction, the senior vice president now directly owns 81,943 shares of the company’s stock, valued at approximately $2,540,233. The disclosure for this sale can be found here. Insiders have sold 13,296 shares of company stock worth $425,962 in the last quarter. 1.50% of the stock is currently owned by company insiders.
Shares of Entegris (ENTG) traded up $0.05 on Thursday, hitting $29.15. The stock had a trading volume of 589,600 shares, compared to its average volume of 863,836. Entegris has a 1 year low of $17.65 and a 1 year high of $33.05. The company has a quick ratio of 2.43, a current ratio of 3.14 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $4,114.64, a P/E ratio of 22.91, a price-to-earnings-growth ratio of 1.89 and a beta of 1.52.
Entegris (NASDAQ:ENTG) last issued its earnings results on Thursday, October 26th. The semiconductor company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.06. Entegris had a return on equity of 18.82% and a net margin of 10.73%. The firm had revenue of $345.60 million for the quarter, compared to the consensus estimate of $334.30 million. During the same quarter in the prior year, the business earned $0.24 earnings per share. The company’s revenue was up 16.5% compared to the same quarter last year. equities research analysts expect that Entegris will post 1.37 EPS for the current fiscal year.
The firm also recently declared a special dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 1st were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, October 31st. Entegris’s dividend payout ratio is currently 7.22%.
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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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