Entegris (NASDAQ:ENTG) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Entegris (NASDAQ:ENTG) from a sell rating to a hold rating in a research note published on Wednesday morning.

Several other analysts have also recently weighed in on the stock. UBS Group cut their price target on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. BMO Capital Markets cut their target price on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. KeyCorp decreased their price target on shares of Entegris from $150.00 to $141.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft cut their price objective on Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Finally, Mizuho decreased their target price on Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $128.78.

Entegris Trading Up 0.5 %

NASDAQ:ENTG opened at $107.99 on Wednesday. The company has a fifty day moving average of $103.14 and a 200 day moving average of $106.31. Entegris has a 52 week low of $94.92 and a 52 week high of $147.57. The firm has a market capitalization of $16.32 billion, a P/E ratio of 55.95, a P/E/G ratio of 1.50 and a beta of 1.24. The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 1.08.

Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.07. Entegris had a return on equity of 12.83% and a net margin of 9.03%. On average, research analysts predict that Entegris will post 3.51 earnings per share for the current year.

Entegris Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.37%. The ex-dividend date of this dividend was Wednesday, January 29th. Entegris’s dividend payout ratio (DPR) is 20.73%.

Insider Activity

In related news, SVP Clinton M. Haris sold 12,652 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the completion of the sale, the senior vice president now owns 34,820 shares of the company’s stock, valued at $3,722,954.40. This trade represents a 26.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.67% of the company’s stock.

Institutional Trading of Entegris

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Entegris by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 15,202,146 shares of the semiconductor company’s stock valued at $1,505,925,000 after purchasing an additional 169,180 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Entegris by 33.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,194,612 shares of the semiconductor company’s stock worth $1,108,940,000 after buying an additional 2,826,463 shares during the last quarter. Mountaineer Partners Management LLC lifted its stake in Entegris by 16,255.1% during the 3rd quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company’s stock valued at $1,242,848,000 after acquiring an additional 10,977,064 shares during the period. Norges Bank purchased a new stake in shares of Entegris during the 4th quarter valued at about $445,988,000. Finally, D1 Capital Partners L.P. grew its stake in shares of Entegris by 329.4% in the fourth quarter. D1 Capital Partners L.P. now owns 2,752,902 shares of the semiconductor company’s stock worth $272,702,000 after acquiring an additional 2,111,801 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).