Brokerages Set Entegris, Inc. (NASDAQ:ENTG) PT at $146.80

Shares of Entegris, Inc. (NASDAQ:ENTG) have earned an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $146.40.

ENTG has been the subject of a number of recent research reports. Mizuho upgraded Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price objective for the company in a research note on Thursday, August 1st. Needham & Company LLC reiterated a “buy” rating and set a $150.00 price target on shares of Entegris in a research report on Thursday, August 1st. Citigroup upgraded Entegris from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $119.00 to $130.00 in a research report on Monday, September 16th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Entegris from $160.00 to $145.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Finally, BMO Capital Markets lowered their price target on shares of Entegris from $160.00 to $145.00 and set an “outperform” rating on the stock in a report on Thursday, August 1st.

Entegris Price Performance

Shares of NASDAQ:ENTG opened at $110.64 on Monday. The company has a current ratio of 3.58, a quick ratio of 2.14 and a debt-to-equity ratio of 1.18. Entegris has a twelve month low of $84.13 and a twelve month high of $147.57. The company’s 50 day moving average is $115.07 and its 200 day moving average is $127.57. The company has a market cap of $16.68 billion, a PE ratio of 53.19, a price-to-earnings-growth ratio of 1.49 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.01. The firm had revenue of $812.60 million for the quarter, compared to analyst estimates of $802.43 million. Entegris had a net margin of 5.61% and a return on equity of 12.03%. The business’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.66 earnings per share. On average, sell-side analysts forecast that Entegris will post 3.14 EPS for the current year.

Entegris Dividend Announcement

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

Insiders Place Their Bets

In other news, CEO Bertrand Loy sold 27,044 shares of Entegris 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 directly owns 263,068 shares of the company’s stock, valued at $36,995,252.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Bertrand Loy sold 27,044 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $140.63, for a total value of $3,803,197.72. Following the transaction, the chief executive officer now directly owns 263,068 shares of the company’s stock, valued at $36,995,252.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Daniel D. Woodland sold 15,000 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $140.00, for a total transaction of $2,100,000.00. Following the transaction, the insider now owns 37,457 shares in the company, valued at $5,243,980. The disclosure for this sale can be found here. In the last three months, insiders sold 57,044 shares of company stock worth $8,078,198. Corporate insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On Entegris

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Innealta Capital LLC purchased a new stake in Entegris in the 2nd quarter valued at $26,000. Summit Securities Group LLC acquired a new position in shares of Entegris during the 2nd quarter valued at about $27,000. Quarry LP purchased a new stake in shares of Entegris in the second quarter valued at about $27,000. Trust Co. of Vermont acquired a new stake in Entegris during the fourth quarter worth about $31,000. Finally, Opal Wealth Advisors LLC purchased a new position in Entegris during the second quarter worth about $31,000.

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).