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

Shares of Entegris, Inc. (NASDAQ:ENTG) have earned an average rating of “Moderate Buy” from the nine research firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $128.78.

ENTG has been the subject of a number of research analyst reports. Mizuho decreased their price objective on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. KeyCorp decreased their price objective on shares of Entegris from $150.00 to $141.00 and set an “overweight” rating for the company in a report on Friday, February 7th. BMO Capital Markets decreased their price objective on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Citigroup decreased their price objective on shares of Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $120.00 price objective on shares of Entegris in a report on Friday, February 7th.

Insider Buying and Selling at Entegris

In other Entegris news, SVP Clinton M. Haris sold 12,652 shares of the firm’s stock in a transaction that occurred on 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 directly owns 34,820 shares in the company, valued at $3,722,954.40. This trade represents a 26.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On Entegris

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bridges Investment Management Inc. grew its holdings in Entegris by 3.6% in the third quarter. Bridges Investment Management Inc. now owns 2,829 shares of the semiconductor company’s stock worth $318,000 after purchasing an additional 98 shares during the last quarter. Angeles Investment Advisors LLC grew its holdings in Entegris by 4.1% in the third quarter. Angeles Investment Advisors LLC now owns 3,230 shares of the semiconductor company’s stock worth $363,000 after purchasing an additional 127 shares during the last quarter. Corient Private Wealth LLC grew its holdings in Entegris by 1.1% in the fourth quarter. Corient Private Wealth LLC now owns 11,862 shares of the semiconductor company’s stock worth $1,175,000 after purchasing an additional 128 shares during the last quarter. Torray Investment Partners LLC grew its holdings in Entegris by 0.9% in the fourth quarter. Torray Investment Partners LLC now owns 15,266 shares of the semiconductor company’s stock worth $1,512,000 after purchasing an additional 129 shares during the last quarter. Finally, Huntington National Bank grew its holdings in Entegris by 41.0% in the third quarter. Huntington National Bank now owns 454 shares of the semiconductor company’s stock worth $51,000 after purchasing an additional 132 shares during the last quarter.

Entegris Price Performance

Entegris stock opened at $107.99 on Thursday. The firm has a 50-day moving average price of $103.14 and a 200-day moving average price of $106.31. The firm has a market capitalization of $16.32 billion, a PE ratio of 55.95, a price-to-earnings-growth ratio of 1.50 and a beta of 1.24. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08. Entegris has a 12-month low of $94.92 and a 12-month high of $147.57.

Entegris (NASDAQ:ENTG) last released its earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate 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, equities research analysts forecast that Entegris will post 3.51 EPS for the current year.

Entegris Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date was Wednesday, January 29th. Entegris’s dividend payout ratio (DPR) is 20.73%.

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).