Entegris, Inc. (NASDAQ:ENTG) Receives $94.43 Consensus Price Target from Analysts

Entegris, Inc. (NASDAQ:ENTG) has earned an average rating of “Hold” from the nine analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $94.4286.

A number of equities research analysts have recently commented on ENTG shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Entegris in a report on Monday, December 29th. Mizuho dropped their price target on Entegris from $108.00 to $96.00 and set an “outperform” rating on the stock in a research report on Thursday, November 20th. Wall Street Zen raised Entegris from a “sell” rating to a “hold” rating in a research note on Friday, October 3rd. Zacks Research upgraded Entegris from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 30th. Finally, The Goldman Sachs Group lowered Entegris from a “neutral” rating to a “sell” rating and dropped their target price for the company from $88.00 to $75.00 in a report on Monday, December 15th.

Insider Activity

In other Entegris news, SVP Joseph Colella sold 3,577 shares of the company’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $88.41, for a total transaction of $316,242.57. Following the completion of the transaction, the senior vice president owned 34,364 shares in the company, valued at approximately $3,038,121.24. This represents a 9.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bertrand Loy sold 57,570 shares of Entegris stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $76.88, for a total transaction of $4,425,981.60. Following the completion of the sale, the insider directly owned 305,820 shares in the company, valued at approximately $23,511,441.60. The trade was a 15.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 63,643 shares of company stock worth $4,966,433 in the last 90 days. Corporate insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On Entegris

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Alpine Bank Wealth Management lifted its holdings in shares of Entegris by 73.7% in the 2nd quarter. Alpine Bank Wealth Management now owns 311 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 132 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new position in Entegris during the second quarter worth $25,000. Ameriflex Group Inc. purchased a new position in Entegris in the third quarter worth $25,000. Rise Advisors LLC acquired a new stake in Entegris in the first quarter valued at $26,000. Finally, ORG Wealth Partners LLC boosted its position in shares of Entegris by 862.1% during the 3rd quarter. ORG Wealth Partners LLC now owns 279 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 250 shares in the last quarter.

Entegris Price Performance

ENTG stock opened at $99.56 on Friday. The company has a current ratio of 3.44, a quick ratio of 2.13 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $15.09 billion, a P/E ratio of 52.68 and a beta of 1.31. The business has a 50 day simple moving average of $84.62 and a 200-day simple moving average of $85.84. Entegris has a twelve month low of $60.75 and a twelve month high of $110.46.

Entegris (NASDAQ:ENTG) last announced its earnings results on Wednesday, July 6th. The semiconductor company reported $0.70 EPS for the quarter. The business had revenue of $512.84 million for the quarter. Entegris had a net margin of 8.95% and a return on equity of 11.61%. As a group, equities analysts anticipate that Entegris will post 3.51 EPS for the current year.

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Wednesday, October 29th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, October 29th. Entegris’s payout ratio is currently 21.16%.

About Entegris

Entegris, Inc is a leading provider of advanced materials and process control solutions for the semiconductor and other high-technology industries. The company develops and supplies a broad portfolio of products designed to ensure purity and reliability throughout the manufacturing process, helping customers address critical contamination and yield challenges.

Entegris’s product offerings include high-purity chemicals and specialty materials, liquid and gas filtration and purification systems, and sophisticated wafer and chip handling solutions.