Entegris (NASDAQ:ENTG) Stock Rating Lowered by StockNews.com

Entegris (NASDAQ:ENTG) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday.

Other equities analysts have also issued reports about the company. KeyCorp reduced their price objective on Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a research note on Friday, February 7th. Mizuho reduced their price target on shares of 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 reissued a “buy” rating and issued a $120.00 price objective on shares of Entegris in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $124.88.

Entegris Trading Up 2.0 %

Entegris stock traded up $1.97 during trading on Monday, reaching $98.32. The company had a trading volume of 4,834,055 shares, compared to its average volume of 1,933,256. Entegris has a 12-month low of $92.84 and a 12-month high of $147.57. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08. The stock’s 50 day moving average price is $102.24 and its two-hundred day moving average price is $104.59. The firm has a market capitalization of $14.88 billion, a price-to-earnings ratio of 50.94, a PEG ratio of 1.50 and a beta of 1.32.

Entegris (NASDAQ:ENTG) last announced 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 net margin of 9.03% and a return on equity of 12.83%. As a group, equities analysts expect that Entegris will post 3.51 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Olivier Blachier sold 984 shares of Entegris stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $108.00, for a total transaction of $106,272.00. Following the sale, the senior vice president now directly owns 10,903 shares of the company’s stock, valued at approximately $1,177,524. The trade was a 8.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction, the senior vice president now directly owns 34,820 shares of the company’s stock, valued at $3,722,954.40. This represents a 26.65 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On Entegris

Institutional investors have recently made changes to their positions in the business. Quarry LP acquired a new stake in shares of Entegris during the fourth quarter worth approximately $28,000. Neo Ivy Capital Management acquired a new position in Entegris during the 4th quarter worth $34,000. Fortitude Family Office LLC increased its position 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 purchasing an additional 274 shares during the last quarter. Parvin Asset Management LLC acquired a new stake in shares of Entegris in the 4th quarter valued at about $69,000. Finally, Promus Capital LLC acquired a new stake in shares of Entegris in the 4th quarter valued at about $71,000.

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).