Entegris, Inc. (NASDAQ:ENTG) Receives $141.64 Average Price Target from Analysts

Shares of Entegris, Inc. (NASDAQ:ENTG) have been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are presently covering the company, MarketBeat Ratings reports. Three research 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 brokerages that have updated their coverage on the stock in the last year is $141.64.

ENTG has been the subject of several research reports. BMO Capital Markets raised their price target on shares of Entegris from $130.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th. UBS Group lifted their price target on shares of Entegris from $90.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. KeyCorp boosted their price target on shares of Entegris from $136.00 to $164.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. Craig Hallum upgraded Entegris from a “hold” rating to a “buy” rating and set a $150.00 price objective for the company in a report on Thursday, February 15th. Finally, The Goldman Sachs Group increased their price target on Entegris from $104.00 to $147.00 and gave the company a “buy” rating in a research report on Thursday, February 15th.

Entegris Trading Up 0.5 %

NASDAQ ENTG opened at $140.99 on Monday. Entegris has a 12 month low of $69.37 and a 12 month high of $146.91. The stock has a 50-day simple moving average of $131.19 and a 200 day simple moving average of $112.02. The company has a current ratio of 3.85, a quick ratio of 2.67 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $21.25 billion, a PE ratio of 118.48 and a beta of 1.32.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Tuesday, February 13th. The semiconductor company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. Entegris had a net margin of 5.13% and a return on equity of 12.00%. The company had revenue of $812.30 million for the quarter, compared to analysts’ expectations of $780.95 million. During the same period last year, the firm posted $0.83 earnings per share. The business’s quarterly revenue was down 14.1% compared to the same quarter last year. Research analysts forecast that Entegris will post 3.31 EPS for the current year.

Entegris Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 21st. Shareholders of record on Wednesday, January 31st were paid a dividend of $0.10 per share. The ex-dividend date was Tuesday, January 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.28%. Entegris’s dividend payout ratio (DPR) is presently 33.61%.

Insider Activity

In related news, SVP Michael Besnard sold 12,667 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $135.78, for a total value of $1,719,925.26. Following the sale, the senior vice president now directly owns 10,213 shares in the company, valued at approximately $1,386,721.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Entegris news, SVP Susan G. Rice sold 17,518 shares of Entegris stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $135.86, for a total transaction of $2,379,995.48. Following the completion of the sale, the senior vice president now owns 42,931 shares of the company’s stock, valued at $5,832,605.66. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Michael Besnard sold 12,667 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $135.78, for a total value of $1,719,925.26. Following the completion of the transaction, the senior vice president now owns 10,213 shares of the company’s stock, valued at $1,386,721.14. The disclosure for this sale can be found here. Insiders sold a total of 41,082 shares of company stock worth $5,606,849 over the last quarter. Insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On Entegris

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its position in Entegris by 2.4% during the first quarter. BlackRock Inc. now owns 16,294,681 shares of the semiconductor company’s stock valued at $1,336,327,000 after buying an additional 386,767 shares during the period. Vanguard Group Inc. boosted its position in Entegris by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 14,554,015 shares of the semiconductor company’s stock valued at $1,743,862,000 after buying an additional 101,129 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Entegris by 30.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,168,727 shares of the semiconductor company’s stock worth $1,458,058,000 after acquiring an additional 2,826,137 shares during the last quarter. Sands Capital Management LLC increased its position in shares of Entegris by 6.1% in the second quarter. Sands Capital Management LLC now owns 9,329,123 shares of the semiconductor company’s stock valued at $1,033,853,000 after acquiring an additional 536,532 shares during the period. Finally, WCM Investment Management LLC boosted its holdings in shares of Entegris by 0.4% during the fourth quarter. WCM Investment Management LLC now owns 5,173,163 shares of the semiconductor company’s stock worth $628,177,000 after purchasing an additional 22,249 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).