Entegris (ENTG) Rating Increased to Buy at ValuEngine

Entegris (NASDAQ:ENTG) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Several other analysts also recently issued reports on ENTG. Dougherty & Co upped their price target on Entegris from $36.00 to $37.50 and gave the stock a “buy” rating in a research note on Wednesday. Needham & Company LLC reiterated a “buy” rating and set a $37.00 price target (up previously from $35.00) on shares of Entegris in a research note on Wednesday. Craig Hallum upgraded Entegris from a “hold” rating to a “buy” rating in a research note on Tuesday, February 6th. Zacks Investment Research downgraded Entegris from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. Finally, Seaport Global Securities began coverage on Entegris in a research note on Friday, December 15th. They set a “buy” rating and a $37.00 price target for the company. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Entegris currently has an average rating of “Buy” and a consensus target price of $32.86.

Shares of Entegris (ENTG) traded up $1.15 during mid-day trading on Thursday, reaching $30.80. The company’s stock had a trading volume of 1,451,894 shares, compared to its average volume of 1,070,072. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.43 and a current ratio of 3.14. Entegris has a 12 month low of $20.50 and a 12 month high of $35.35. The firm has a market cap of $4,355.03, a price-to-earnings ratio of 52.20, a P/E/G ratio of 1.64 and a beta of 1.51.

In related news, Director Michael A. Bradley sold 5,000 shares of the stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $30.00, for a total transaction of $150,000.00. Following the completion of the sale, the director now owns 65,557 shares in the company, valued at approximately $1,966,710. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Paul L. H. Olson sold 3,000 shares of the 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 sale, the director now owns 45,364 shares of the company’s stock, valued at approximately $1,370,446.44. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in ENTG. UBS Asset Management Americas Inc. boosted its stake in Entegris by 5.2% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 69,924 shares of the semiconductor company’s stock valued at $1,535,000 after purchasing an additional 3,431 shares during the period. Vanguard Group Inc. boosted its stake in Entegris by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 11,453,733 shares of the semiconductor company’s stock valued at $251,409,000 after purchasing an additional 244,694 shares during the period. FMR LLC boosted its stake in Entegris by 54.8% during the 2nd quarter. FMR LLC now owns 3,904,882 shares of the semiconductor company’s stock valued at $85,712,000 after purchasing an additional 1,381,882 shares during the period. California Public Employees Retirement System boosted its stake in Entegris by 1.7% during the 2nd quarter. California Public Employees Retirement System now owns 161,100 shares of the semiconductor company’s stock valued at $3,536,000 after purchasing an additional 2,700 shares during the period. Finally, Advisor Group Inc. boosted its stake in Entegris by 69.4% during the 2nd quarter. Advisor Group Inc. now owns 12,703 shares of the semiconductor company’s stock valued at $277,000 after purchasing an additional 5,205 shares during the period. Hedge funds and other institutional investors own 96.02% of the company’s stock.

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About Entegris

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).

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Entegris (NASDAQ:ENTG)

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