Entegris (NASDAQ:ENTG) Upgraded at Citigroup

Citigroup upgraded shares of Entegris (NASDAQ:ENTG) from a neutral rating to a buy rating in a report issued on Monday, MarketBeat reports. They currently have $130.00 price objective on the semiconductor company’s stock, up from their prior price objective of $119.00.

Several other brokerages have also issued reports on ENTG. Needham & Company LLC reiterated a buy rating and issued a $150.00 price target on shares of Entegris in a report on Thursday, August 1st. Mizuho raised shares of Entegris from a neutral rating to an outperform rating and set a $143.00 target price for the company in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Entegris from $160.00 to $145.00 and set a buy rating on the stock in a research report on Thursday, August 1st. Finally, BMO Capital Markets lowered their price objective on shares of Entegris from $160.00 to $145.00 and set an outperform rating for the company in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Entegris currently has a consensus rating of Moderate Buy and an average target price of $146.40.

Entegris Stock Down 1.4 %

Shares of NASDAQ:ENTG opened at $110.07 on Monday. Entegris has a 12 month low of $84.13 and a 12 month high of $147.57. The firm has a market cap of $16.60 billion, a P/E ratio of 53.64, a P/E/G ratio of 1.49 and a beta of 1.24. The company has a quick ratio of 2.14, a current ratio of 3.58 and a debt-to-equity ratio of 1.18. The company’s 50-day moving average price is $116.93 and its two-hundred day moving average price is $128.12.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.01. Entegris had a net margin of 5.61% and a return on equity of 12.03%. The business had revenue of $812.60 million during the quarter, compared to analyst estimates of $802.43 million. During the same quarter last year, the business posted $0.66 earnings per share. Entegris’s revenue for the quarter was down 9.8% compared to the same quarter last year. As a group, research analysts forecast that Entegris will post 3.14 EPS for the current fiscal year.

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, July 31st were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.36%. The ex-dividend date of this dividend was Wednesday, July 31st. Entegris’s dividend payout ratio is 19.23%.

Insider Activity

In related news, CEO Bertrand Loy sold 27,044 shares of the stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $140.63, for a total transaction of $3,803,197.72. Following the completion of the transaction, the chief executive officer now directly owns 263,068 shares in the company, valued at $36,995,252.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Entegris news, CEO Bertrand Loy sold 27,044 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $140.63, for a total value of $3,803,197.72. Following the sale, the chief executive officer now owns 263,068 shares in the company, valued at approximately $36,995,252.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Daniel D. Woodland sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $145.00, for a total transaction of $2,175,000.00. Following the transaction, the insider now directly owns 37,457 shares of the company’s stock, valued at $5,431,265. The disclosure for this sale can be found here. Insiders have sold a total of 57,044 shares of company stock worth $8,078,198 over the last three months. Corporate insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On Entegris

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Innealta Capital LLC acquired a new stake in shares of Entegris in the second quarter valued at about $26,000. Quarry LP bought a new stake in shares of Entegris during the 2nd quarter worth approximately $27,000. Summit Securities Group LLC acquired a new stake in shares of Entegris in the 2nd quarter valued at approximately $27,000. Opal Wealth Advisors LLC bought a new position in shares of Entegris in the second quarter valued at $31,000. Finally, ORG Partners LLC acquired a new position in Entegris during the first quarter worth $33,000.

About Entegris

Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions in North America, Taiwan, China, South Korea, Japan, Europe, and Southeast Asia. It operates in three segments: Materials Solutions (MS); Microcontamination Control (MC); and Advanced Materials Handling (AMH).