Entegris (NASDAQ:ENTG) Upgraded at StockNews.com

StockNews.com upgraded shares of Entegris (NASDAQ:ENTG) from a sell rating to a hold rating in a research report released on Thursday morning.

Several other equities analysts also recently weighed in on the company. KeyCorp reduced 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. Mizuho reduced their target price on Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $120.00 target price on shares of Entegris in a research report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Entegris presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.88.

Entegris Stock Up 4.2 %

Shares of NASDAQ:ENTG opened at $98.37 on Thursday. The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 1.08. Entegris has a 52-week low of $92.84 and a 52-week high of $147.57. The stock’s fifty day simple moving average is $102.34 and its 200-day simple moving average is $105.18. The company has a market capitalization of $14.87 billion, a P/E ratio of 50.97, a P/E/G ratio of 1.50 and a beta of 1.32.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.07. Entegris had a return on equity of 12.83% and a net margin of 9.03%. As a group, equities research analysts forecast that Entegris will post 3.51 earnings per share for the current fiscal year.

Entegris Dividend Announcement

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

Insider Transactions at Entegris

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

Institutional Investors Weigh In On Entegris

A number of large investors have recently modified their holdings of the stock. Siemens Fonds Invest GmbH acquired a new stake in Entegris during the 4th quarter valued at approximately $3,351,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Entegris during the 4th quarter valued at approximately $12,140,000. Polar Asset Management Partners Inc. grew its stake in Entegris by 192.0% during the 4th quarter. Polar Asset Management Partners Inc. now owns 153,900 shares of the semiconductor company’s stock valued at $15,245,000 after purchasing an additional 101,200 shares in the last quarter. Forum Financial Management LP acquired a new stake in Entegris during the 4th quarter valued at approximately $274,000. Finally, Toronto Dominion Bank grew its stake in Entegris by 1.7% during the 4th quarter. Toronto Dominion Bank now owns 19,718 shares of the semiconductor company’s stock valued at $1,953,000 after purchasing an additional 326 shares in the last quarter.

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).