Analysts Set Entegris, Inc. (NASDAQ:ENTG) PT at $106.30

Entegris, Inc. (NASDAQ:ENTG) has been given a consensus recommendation of “Moderate Buy” by the twelve research firms that are covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $106.30.

ENTG has been the topic of a number of research analyst reports. Wall Street Zen upgraded Entegris from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. Mizuho boosted their target price on Entegris from $100.00 to $108.00 and gave the stock an “outperform” rating in a research report on Friday, October 3rd. The Goldman Sachs Group initiated coverage on Entegris in a research report on Thursday, July 10th. They issued a “neutral” rating and a $85.00 target price on the stock. KeyCorp reiterated an “overweight” rating and issued a $103.00 target price (down from $112.00) on shares of Entegris in a research report on Thursday, July 31st. Finally, Zacks Research upgraded Entegris from a “strong sell” rating to a “hold” rating in a research report on Friday, October 3rd.

Insiders Place Their Bets

In other Entegris news, SVP Susan G. Rice sold 8,858 shares of the business’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $79.84, for a total transaction of $707,222.72. Following the sale, the senior vice president directly owned 56,912 shares of the company’s stock, valued at $4,543,854.08. The trade was a 13.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.67% of the stock is owned by insiders.

Institutional Investors Weigh In On Entegris

Large investors have recently added to or reduced their stakes in the stock. ORG Wealth Partners LLC increased its stake in Entegris by 862.1% during the third quarter. ORG Wealth Partners LLC now owns 279 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 250 shares during the last quarter. Rise Advisors LLC bought a new stake in Entegris during the first quarter worth approximately $26,000. Costello Asset Management INC bought a new stake in Entegris during the first quarter worth approximately $26,000. Alpine Bank Wealth Management increased its stake in Entegris by 73.7% during the second quarter. Alpine Bank Wealth Management now owns 311 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 132 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in Entegris during the second quarter worth approximately $25,000.

Entegris Price Performance

Shares of Entegris stock opened at $94.32 on Tuesday. The stock’s 50-day simple moving average is $89.17 and its 200-day simple moving average is $82.45. Entegris has a 52 week low of $60.75 and a 52 week high of $112.36. The company has a market capitalization of $14.30 billion, a price-to-earnings ratio of 48.62 and a beta of 1.38. The company has a quick ratio of 1.95, a current ratio of 3.30 and a debt-to-equity ratio of 1.04.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Wednesday, July 6th. The semiconductor company reported $0.70 EPS for the quarter. Entegris had a return on equity of 12.05% and a net margin of 9.17%.The business had revenue of $512.84 million for the quarter. As a group, analysts expect that Entegris will post 3.51 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 19th. Shareholders of record on Wednesday, October 29th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, October 29th. Entegris’s payout ratio is presently 20.62%.

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).