Entegris (NASDAQ:ENTG) Cut to Sell at StockNews.com

StockNews.com cut shares of Entegris (NASDAQ:ENTG) from a hold rating to a sell rating in a research report released on Thursday morning.

Several other research firms have also recently issued reports on ENTG. KeyCorp cut their target price on Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a research note on Friday, February 7th. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price objective on shares of Entegris in a research report on Friday, February 7th. UBS Group decreased their target price on Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, BMO Capital Markets decreased their price objective on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Entegris currently has an average rating of “Moderate Buy” and a consensus price target of $124.88.

Entegris Price Performance

ENTG opened at $101.22 on Thursday. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.08 and a quick ratio of 1.86. The stock’s 50 day simple moving average is $102.89 and its 200 day simple moving average is $106.25. The firm has a market cap of $15.30 billion, a price-to-earnings ratio of 52.45, a PEG ratio of 1.50 and a beta of 1.24. Entegris has a 1 year low of $94.92 and a 1 year high of $147.57.

Entegris (NASDAQ:ENTG) last issued 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%. As a group, analysts predict that Entegris will post 3.51 earnings per share for the current year.

Entegris Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a yield of 0.40%. Entegris’s dividend payout ratio (DPR) is currently 20.73%.

Insider Transactions at Entegris

In related news, SVP Olivier Blachier sold 984 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.00, for a total transaction of $106,272.00. Following the sale, the senior vice president now directly owns 10,903 shares of the company’s stock, valued at approximately $1,177,524. This represents a 8.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Clinton M. Haris sold 12,652 shares of the firm’s stock in a transaction dated 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 sale, the senior vice president now owns 34,820 shares of the company’s stock, valued at approximately $3,722,954.40. This represents a 26.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On Entegris

A number of institutional investors have recently made changes to their positions in ENTG. Bridges Investment Management Inc. raised its holdings in Entegris by 3.6% in the 3rd quarter. Bridges Investment Management Inc. now owns 2,829 shares of the semiconductor company’s stock worth $318,000 after acquiring an additional 98 shares during the last quarter. Angeles Investment Advisors LLC lifted its holdings in shares of Entegris by 4.1% during the third quarter. Angeles Investment Advisors LLC now owns 3,230 shares of the semiconductor company’s stock valued at $363,000 after purchasing an additional 127 shares in the last quarter. Corient Private Wealth LLC boosted its position in shares of Entegris by 1.1% during the fourth quarter. Corient Private Wealth LLC now owns 11,862 shares of the semiconductor company’s stock valued at $1,175,000 after buying an additional 128 shares during the last quarter. Torray Investment Partners LLC increased its holdings in Entegris by 0.9% in the 4th quarter. Torray Investment Partners LLC now owns 15,266 shares of the semiconductor company’s stock worth $1,512,000 after buying an additional 129 shares in the last quarter. Finally, Huntington National Bank raised its position in Entegris by 41.0% in the 3rd quarter. Huntington National Bank now owns 454 shares of the semiconductor company’s stock worth $51,000 after buying an additional 132 shares during the last quarter.

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).