Entegris, Inc. (NASDAQ:ENTG) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Entegris, Inc. (NASDAQ:ENTG) have received an average rating of “Moderate Buy” from the ten brokerages that are covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $134.50.

A number of analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft dropped their price objective on Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Craig Hallum cut their price target on shares of Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Citigroup lowered their price objective on shares of Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. KeyCorp reduced their price target on Entegris from $154.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Finally, BMO Capital Markets dropped their price target on Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th.

Entegris Trading Down 1.2 %

Shares of ENTG opened at $105.88 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.83 and a current ratio of 2.92. Entegris has a fifty-two week low of $94.92 and a fifty-two week high of $147.57. The firm has a 50 day moving average price of $103.67 and a 200-day moving average price of $109.97. The firm has a market cap of $15.99 billion, a price-to-earnings ratio of 70.12, a PEG ratio of 1.43 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). Entegris had a net margin of 7.13% and a return on equity of 12.24%. The company had revenue of $807.70 million for the quarter, compared to the consensus estimate of $832.44 million. During the same period last year, the business posted $0.68 earnings per share. The firm’s quarterly revenue was down 9.1% compared to the same quarter last year. As a group, equities research analysts forecast that Entegris will post 2.95 earnings per share for the current year.

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date is Wednesday, January 29th. Entegris’s payout ratio is 26.49%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ENTG. Quarry LP purchased a new position in shares of Entegris during the second quarter valued at approximately $27,000. Capital Performance Advisors LLP purchased a new stake in Entegris during the 3rd quarter valued at $29,000. Blue Trust Inc. lifted its holdings in shares of Entegris by 221.3% during the 3rd quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 239 shares during the period. Fortitude Family Office LLC boosted its stake in shares of Entegris by 195.7% in the 4th quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock worth $41,000 after buying an additional 274 shares during the last quarter. Finally, Covestor Ltd grew its holdings in shares of Entegris by 241.8% in the third quarter. Covestor Ltd now owns 417 shares of the semiconductor company’s stock worth $47,000 after acquiring an additional 295 shares during the period.

Entegris Company Profile

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).