Entegris, Inc. (NASDAQ:ENTG) Given Consensus Recommendation of “Hold” by Analysts

Shares of Entegris, Inc. (NASDAQ:ENTG) have been given a consensus recommendation of “Hold” by the ten brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $111.00.

Several research firms have weighed in on ENTG. Needham & Company LLC restated a “strong-buy” rating on shares of Entegris in a research note on Tuesday, January 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Entegris in a report on Monday, December 29th. Wall Street Zen upgraded shares of Entegris from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. Citigroup lifted their price target on shares of Entegris from $100.00 to $145.00 and gave the company a “buy” rating in a report on Monday. Finally, BMO Capital Markets boosted their price target on shares of Entegris from $105.00 to $126.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st.

Entegris Price Performance

NASDAQ:ENTG opened at $120.65 on Thursday. The business’s 50-day simple moving average is $93.32 and its two-hundred day simple moving average is $88.88. Entegris has a 52 week low of $60.75 and a 52 week high of $124.00. The stock has a market cap of $18.29 billion, a PE ratio of 63.84 and a beta of 1.31. The company has a quick ratio of 2.13, a current ratio of 3.44 and a debt-to-equity ratio of 0.99.

Entegris (NASDAQ:ENTG) last released its earnings results on Thursday, October 30th. The semiconductor company reported $0.72 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.72. The firm had revenue of $807.10 million during the quarter, compared to analysts’ expectations of $804.63 million. Entegris had a return on equity of 11.61% and a net margin of 8.95%.The firm’s revenue was down .1% on a year-over-year basis. During the same quarter last year, the business posted $0.77 earnings per share. As a group, analysts forecast that Entegris will post 3.51 EPS for the current fiscal year.

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 18th. Investors of record on Wednesday, January 28th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, January 28th. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. Entegris’s dividend payout ratio is presently 21.16%.

Insider Buying and Selling at Entegris

In other Entegris news, Director James P. Lederer sold 2,008 shares of Entegris stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $92.84, for a total value of $186,422.72. Following the sale, the director owned 20,434 shares of the company’s stock, valued at $1,897,092.56. The trade was a 8.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Joseph Colella sold 3,577 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $88.41, for a total value of $316,242.57. Following the sale, the senior vice president directly owned 34,364 shares in the company, valued at $3,038,121.24. This trade represents a 9.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 69,473 shares of company stock worth $5,666,033 over the last three months. 0.61% of the stock is owned by company insiders.

Hedge Funds Weigh In On Entegris

Several institutional investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC raised its position in shares of Entegris by 16.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,234 shares of the semiconductor company’s stock valued at $627,000 after buying an additional 1,046 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in Entegris by 0.6% during the second quarter. Public Employees Retirement System of Ohio now owns 47,437 shares of the semiconductor company’s stock worth $3,826,000 after acquiring an additional 300 shares during the last quarter. Avior Wealth Management LLC purchased a new stake in Entegris during the second quarter valued at approximately $286,000. Mirae Asset Global Investments Co. Ltd. raised its position in Entegris by 4.9% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 230,584 shares of the semiconductor company’s stock valued at $18,597,000 after purchasing an additional 10,684 shares during the period. Finally, Hilltop National Bank bought a new stake in shares of Entegris in the 2nd quarter valued at approximately $95,000.

About Entegris

Entegris, Inc is a leading provider of advanced materials and process control solutions for the semiconductor and other high-technology industries. The company develops and supplies a broad portfolio of products designed to ensure purity and reliability throughout the manufacturing process, helping customers address critical contamination and yield challenges.

Entegris’s product offerings include high-purity chemicals and specialty materials, liquid and gas filtration and purification systems, and sophisticated wafer and chip handling solutions.