Entegris (ENTG) Price Target Increased to $37.50 by Analysts at Dougherty & Co

Entegris (NASDAQ:ENTG) had its price objective upped by Dougherty & Co from $36.00 to $37.50 in a research note issued to investors on Wednesday. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Dougherty & Co’s price target indicates a potential upside of 17.48% from the company’s previous close.

Several other brokerages have also commented on ENTG. Needham & Company LLC raised their price objective on Entegris from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday. Zacks Investment Research downgraded Entegris from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. Loop Capital boosted their price target on Entegris from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Citigroup boosted their price target on Entegris from $29.00 to $34.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. Finally, Craig Hallum raised Entegris from a “hold” rating to a “buy” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $32.86.

Shares of Entegris (NASDAQ:ENTG) traded down $0.73 during trading on Wednesday, reaching $31.92. The company’s stock had a trading volume of 579,090 shares, compared to its average volume of 979,731. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.14 and a quick ratio of 2.43. The stock has a market capitalization of $4,369.16, a price-to-earnings ratio of 33.04, a P/E/G ratio of 1.74 and a beta of 1.51. Entegris has a fifty-two week low of $19.40 and a fifty-two week high of $35.35.

In other news, SVP Stuart Tison sold 3,814 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $31.00, for a total value of $118,234.00. Following the transaction, the senior vice president now owns 81,943 shares in the company, valued at $2,540,233. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul L. H. Olson sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $30.21, for a total value of $90,630.00. Following the completion of the transaction, the director now owns 45,364 shares in the company, valued at approximately $1,370,446.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,814 shares of company stock worth $358,864. Company insiders own 1.50% of the company’s stock.

A number of institutional investors have recently made changes to their positions in ENTG. Wolverine Trading LLC grew its stake in shares of Entegris by 149.6% in the third quarter. Wolverine Trading LLC now owns 6,989 shares of the semiconductor company’s stock valued at $202,000 after buying an additional 21,089 shares in the last quarter. Reliance Trust Co. of Delaware purchased a new stake in Entegris during the 3rd quarter worth about $208,000. CAPROCK Group Inc. purchased a new stake in Entegris during the 4th quarter worth about $220,000. Barings LLC purchased a new stake in Entegris during the 3rd quarter worth about $225,000. Finally, Welch & Forbes LLC purchased a new stake in Entegris during the 3rd quarter worth about $236,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

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Entegris Company Profile

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).

Analyst Recommendations for Entegris (NASDAQ:ENTG)

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