Entegris Inc (NASDAQ:ENTG) – Research analysts at Dougherty & Co raised their FY2018 earnings estimates for shares of Entegris in a note issued to investors on Wednesday. Dougherty & Co analyst R. Ryan now anticipates that the semiconductor company will earn $1.70 per share for the year, up from their prior estimate of $1.52. Dougherty & Co currently has a “Buy” rating and a $37.50 target price on the stock.
Other equities research analysts have also issued research reports about the stock. ValuEngine upgraded shares of Entegris from a “hold” rating to a “buy” rating in a research note on Thursday. Needham & Company LLC reaffirmed a “buy” rating and set a $37.00 price objective (up previously from $35.00) on shares of Entegris in a research report on Wednesday, February 7th. Craig Hallum raised shares of Entegris from a “hold” rating to a “buy” rating in a research report on Tuesday, February 6th. Loop Capital boosted their price objective on shares of Entegris from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Finally, Seaport Global Securities began coverage on shares of Entegris in a research report on Friday, December 15th. They set a “buy” rating and a $37.00 price objective for the company. Four 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 company’s stock. The stock presently has an average rating of “Buy” and an average price target of $32.86.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 21st. Investors of record on Wednesday, January 31st will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Tuesday, January 30th. Entegris’s dividend payout ratio is presently 23.73%.
In other Entegris news, Director Michael A. Bradley sold 5,000 shares of the company’s 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Paul L. H. Olson sold 3,000 shares of the company’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $30.21, for a total transaction of $90,630.00. Following the completion of the transaction, 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 hedge funds and other institutional investors have recently bought and sold shares of ENTG. Wolverine Trading LLC grew its position in Entegris by 149.6% in the 3rd quarter. Wolverine Trading LLC now owns 6,989 shares of the semiconductor company’s stock worth $202,000 after purchasing an additional 21,089 shares during the last quarter. Reliance Trust Co. of Delaware bought a new position in Entegris in the 3rd quarter worth about $208,000. CAPROCK Group Inc. bought a new position in Entegris in the 4th quarter worth about $220,000. Barings LLC bought a new position in Entegris in the 3rd quarter worth about $225,000. Finally, Welch & Forbes LLC bought a new position in Entegris in the 3rd quarter worth about $236,000. Hedge funds and other institutional investors own 95.70% of the company’s stock.
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).
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