Stock analysts at Seaport Global Securities started coverage on shares of Entegris (NASDAQ:ENTG) in a research report issued to clients and investors on Friday, The Fly reports. The brokerage set a “buy” rating on the semiconductor company’s stock.
ENTG has been the topic of several other research reports. Needham & Company LLC restated a “buy” rating and set a $29.00 price target on shares of Entegris in a report on Tuesday, September 19th. Loop Capital began coverage on Entegris in a report on Thursday, September 28th. They set a “buy” rating and a $35.00 price target on the stock. ValuEngine downgraded Entegris from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Dougherty & Co upped their price target on Entegris from $33.00 to $36.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Finally, Zacks Investment Research downgraded Entegris from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $32.10.
Shares of Entegris (NASDAQ ENTG) opened at $30.00 on Friday. 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 $4,171.20, a price-to-earnings ratio of 23.23, a P/E/G ratio of 1.91 and a beta of 1.52. Entegris has a 1-year low of $17.65 and a 1-year high of $33.05.
Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.06. The firm had revenue of $345.60 million for the quarter, compared to the consensus estimate of $334.30 million. Entegris had a return on equity of 18.82% and a net margin of 10.73%. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.24 EPS. research analysts forecast that Entegris will post 1.37 earnings per share for the current fiscal year.
In other news, VP Corey Rucci sold 3,528 shares of the stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $32.68, for a total value of $115,295.04. Following the transaction, the vice president now owns 22,436 shares in the company, valued at approximately $733,208.48. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael A. Bradley sold 5,000 shares of the stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $30.00, for a total value of $150,000.00. Following the completion of the transaction, the director now owns 65,557 shares in the company, valued at approximately $1,966,710. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,296 shares of company stock worth $575,962. Company insiders own 1.50% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA acquired a new stake in Entegris during the 2nd quarter worth approximately $100,000. Barclays PLC acquired a new stake in Entegris during the 1st quarter worth approximately $115,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Entegris by 11.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,324 shares of the semiconductor company’s stock worth $117,000 after acquiring an additional 533 shares during the period. BlackRock Inc. lifted its position in Entegris by 125.0% during the 1st quarter. BlackRock Inc. now owns 9,420 shares of the semiconductor company’s stock worth $128,000 after acquiring an additional 5,234 shares during the period. Finally, Strs Ohio lifted its position in Entegris by 40.0% during the 2nd quarter. Strs Ohio now owns 9,100 shares of the semiconductor company’s stock worth $131,000 after acquiring an additional 2,600 shares during the period. 96.52% of the stock is owned by hedge funds and other 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).