Loop Capital reaffirmed their buy rating on shares of Entegris (NASDAQ:ENTG) in a research note published on Friday morning. The brokerage currently has a $40.00 target price on the semiconductor company’s stock.
A number of other equities research analysts have also commented on the stock. Zacks Investment Research raised shares of Entegris from a hold rating to a strong-buy rating and set a $35.00 price objective on the stock in a report on Thursday, October 19th. Citigroup increased their price objective on shares of Entegris from $29.00 to $34.00 and gave the stock a neutral rating in a report on Friday, October 27th. KeyCorp reissued an outperform rating and set a $30.00 price objective on shares of Entegris in a report on Saturday, September 16th. Dougherty & Co increased their price objective on shares of Entegris from $33.00 to $36.00 and gave the stock a buy rating in a report on Friday, October 27th. Finally, Needham & Company LLC reissued a buy rating and set a $35.00 price objective on shares of Entegris in a report on Friday, October 27th. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. Entegris has an average rating of Buy and an average price target of $32.10.
Shares of Entegris (NASDAQ ENTG) traded down $0.40 during trading hours on Friday, reaching $29.90. 1,279,400 shares of the company’s stock were exchanged, compared to its average volume of 864,365. Entegris has a 12-month low of $17.10 and a 12-month high of $33.05. The company has a current ratio of 3.14, a quick ratio of 2.43 and a debt-to-equity ratio of 0.40. The company has a market cap of $4,227.76, a price-to-earnings ratio of 23.54, a P/E/G ratio of 1.94 and a beta of 1.52.
Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.06. Entegris had a net margin of 10.73% and a return on equity of 18.82%. The firm had revenue of $345.60 million for the quarter, compared to analyst estimates of $334.30 million. During the same quarter in the prior year, the firm earned $0.24 EPS. The company’s revenue was up 16.5% on a year-over-year basis. analysts expect that Entegris will post 1.37 EPS for the current year.
The company also recently declared a special dividend, which was paid on Wednesday, November 22nd. Investors of record on Wednesday, November 1st were given a $0.07 dividend. The ex-dividend date was Tuesday, October 31st. Entegris’s dividend payout ratio is 7.22%.
In related news, VP Corey Rucci sold 15,000 shares of the stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $26.25, for a total value of $393,750.00. Following the sale, the vice president now directly owns 25,964 shares in the company, valued at approximately $681,555. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Todd James Edlund sold 5,954 shares of the stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $32.32, for a total transaction of $192,433.28. Following the completion of the sale, the chief operating officer now owns 143,774 shares in the company, valued at $4,646,775.68. The disclosure for this sale can be found here. Insiders sold a total of 31,796 shares of company stock worth $909,907 over the last quarter. 1.50% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Aperio Group LLC raised its position in shares of Entegris by 22.1% in the 2nd quarter. Aperio Group LLC now owns 30,985 shares of the semiconductor company’s stock valued at $680,000 after acquiring an additional 5,603 shares during the period. Strs Ohio raised its holdings in Entegris by 6.3% during the 2nd quarter. Strs Ohio now owns 18,700 shares of the semiconductor company’s stock worth $410,000 after buying an additional 1,100 shares during the period. Thompson Siegel & Walmsley LLC acquired a new stake in Entegris during the 2nd quarter worth approximately $5,185,000. Oppenheimer Asset Management Inc. raised its holdings in Entegris by 6.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 156,829 shares of the semiconductor company’s stock worth $3,442,000 after buying an additional 9,583 shares during the period. Finally, Engineers Gate Manager LP raised its holdings in Entegris by 51.6% during the 2nd quarter. Engineers Gate Manager LP now owns 124,445 shares of the semiconductor company’s stock worth $2,732,000 after buying an additional 42,338 shares during the period. Institutional investors and hedge funds own 96.52% of the company’s stock.
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Entegris Company Profile
Entegris, Inc is a global developer, manufacturer and supplier of microcontamination control products, specialty chemicals and materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries. The Company operates in three business segments: Specialty Chemicals and Engineered Materials (SCEM), Advanced Materials Handling (AMH) and Microcontamination Control (MC).
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