Entegris (NASDAQ:ENTG) Raised to “Hold” at StockNews.com

Entegris (NASDAQ:ENTG) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Thursday.

Other equities analysts have also issued research reports about the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 target price on shares of Entegris in a report on Friday, February 7th. Mizuho cut their price target on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Finally, KeyCorp cut their price target on shares of Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $124.88.

Entegris Price Performance

NASDAQ ENTG traded down $0.89 on Thursday, hitting $94.42. The stock had a trading volume of 1,441,305 shares, compared to its average volume of 1,902,745. Entegris has a 52-week low of $92.84 and a 52-week 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 company has a market capitalization of $14.27 billion, a price-to-earnings ratio of 48.92, a price-to-earnings-growth ratio of 1.50 and a beta of 1.32. The firm has a 50-day moving average of $102.44 and a 200-day moving average of $105.43.

Entegris (NASDAQ:ENTG) last posted 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%. Equities analysts expect that Entegris will post 3.51 EPS for the current year.

Insider Activity at Entegris

In other news, SVP Olivier Blachier sold 984 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $108.00, for a total value of $106,272.00. Following the transaction, the senior vice president now owns 10,903 shares in the company, valued at approximately $1,177,524. This represents a 8.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Clinton M. Haris sold 12,652 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the completion of the transaction, the senior vice president now owns 34,820 shares in the company, valued at approximately $3,722,954.40. This represents a 26.65 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quarry LP purchased a new position in shares of Entegris during the fourth quarter valued at approximately $28,000. Neo Ivy Capital Management purchased a new position in shares of Entegris during the fourth quarter valued at approximately $34,000. Fortitude Family Office LLC raised its holdings in shares of Entegris by 195.7% during the fourth quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 274 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Entegris during the fourth quarter valued at approximately $42,000. Finally, Covestor Ltd raised its holdings in shares of Entegris by 241.8% during the third quarter. Covestor Ltd now owns 417 shares of the semiconductor company’s stock valued at $47,000 after purchasing an additional 295 shares during the last quarter.

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).