Brokerages Set Entegris, Inc. (NASDAQ:ENTG) PT at $124.88

Entegris, Inc. (NASDAQ:ENTG) has been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $124.88.

Several equities research analysts recently weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and set a $120.00 price objective on shares of Entegris in a research note on Friday, February 7th. Mizuho dropped their price target on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. StockNews.com upgraded Entegris from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, KeyCorp lowered their target price on Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th.

Entegris Price Performance

ENTG stock opened at $98.37 on Monday. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08. The company has a market cap of $14.87 billion, a PE ratio of 50.97, a price-to-earnings-growth ratio of 1.50 and a beta of 1.32. The stock has a 50-day moving average price of $102.34 and a two-hundred day moving average price of $105.25. Entegris has a 12-month low of $92.84 and a 12-month high of $147.57.

Entegris (NASDAQ:ENTG) last posted its earnings results on Thursday, February 6th. The semiconductor company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.07. Entegris had a net margin of 9.03% and a return on equity of 12.83%. As a group, research analysts predict that Entegris will post 3.51 EPS for the current year.

Entegris Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend was Wednesday, January 29th. Entegris’s dividend payout ratio (DPR) is presently 20.73%.

Insider Transactions at Entegris

In other Entegris news, SVP Clinton M. Haris sold 12,652 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the completion of the transaction, the senior vice president now owns 34,820 shares in the company, valued at approximately $3,722,954.40. This represents a 26.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Olivier Blachier sold 984 shares of Entegris stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $108.00, for a total transaction of $106,272.00. Following the completion of the sale, the senior vice president now owns 10,903 shares in the company, valued at $1,177,524. This trade represents a 8.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Entegris

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Entegris by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 15,202,146 shares of the semiconductor company’s stock valued at $1,505,925,000 after purchasing an additional 169,180 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Entegris by 33.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,194,612 shares of the semiconductor company’s stock valued at $1,108,940,000 after buying an additional 2,826,463 shares during the period. Mountaineer Partners Management LLC boosted its stake in shares of Entegris by 16,255.1% in the third quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company’s stock valued at $1,242,848,000 after buying an additional 10,977,064 shares during the period. Norges Bank bought a new stake in shares of Entegris during the 4th quarter valued at $445,988,000. Finally, D1 Capital Partners L.P. lifted its position in shares of Entegris by 329.4% during the 4th quarter. D1 Capital Partners L.P. now owns 2,752,902 shares of the semiconductor company’s stock valued at $272,702,000 after acquiring an additional 2,111,801 shares during the period.

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).