Entegris (NASDAQ:ENTG) Stock Rating Lowered by Zacks Research

Entegris (NASDAQ:ENTG) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Monday,Zacks.com reports.

ENTG has been the subject of several other research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Entegris in a research report on Wednesday, October 8th. Oppenheimer started coverage on Entegris in a research report on Thursday, September 4th. They issued a “market perform” rating and a $95.00 price target for the company. The Goldman Sachs Group started coverage on Entegris in a research report on Thursday, July 10th. They issued a “neutral” rating and a $85.00 price target for the company. UBS Group dropped their price target on Entegris from $95.00 to $90.00 and set a “neutral” rating for the company in a research report on Thursday, July 31st. Finally, Wall Street Zen upgraded Entegris from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Entegris has an average rating of “Hold” and a consensus price target of $97.57.

Entegris Trading Down 5.4%

Shares of ENTG stock opened at $86.46 on Monday. Entegris has a 12-month low of $60.75 and a 12-month high of $112.36. The company has a current ratio of 3.30, a quick ratio of 1.95 and a debt-to-equity ratio of 1.04. The stock’s 50-day moving average price is $89.99 and its 200-day moving average price is $83.41. The stock has a market capitalization of $13.11 billion, a price-to-earnings ratio of 44.57 and a beta of 1.38.

Entegris (NASDAQ:ENTG) last issued its earnings results on Wednesday, July 6th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter. The firm had revenue of $512.84 million for the quarter. Entegris had a return on equity of 12.05% and a net margin of 9.17%. Equities research analysts predict that Entegris will post 3.51 EPS for the current fiscal year.

Insider Activity

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 completion of the transaction, the senior vice president owned 56,912 shares in the company, 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 filing with the Securities & Exchange Commission, which is available at this link. 0.67% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. SBI Securities Co. Ltd. raised its stake in shares of Entegris by 260.8% during the third quarter. SBI Securities Co. Ltd. now owns 285 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 206 shares in the last quarter. Hantz Financial Services Inc. raised its stake in shares of Entegris by 94.6% during the third quarter. Hantz Financial Services Inc. now owns 5,598 shares of the semiconductor company’s stock valued at $518,000 after acquiring an additional 2,722 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Entegris by 13.1% during the third quarter. Envestnet Asset Management Inc. now owns 942,533 shares of the semiconductor company’s stock valued at $87,147,000 after acquiring an additional 108,927 shares in the last quarter. Atlantic Union Bankshares Corp bought a new stake in shares of Entegris during the third quarter valued at approximately $660,000. Finally, Bridges Investment Management Inc. bought a new stake in shares of Entegris during the third quarter valued at approximately $211,000.

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).