Shares of Entegris, Inc. (NASDAQ:ENTG) have been assigned an average rating of “Buy” from the fourteen brokerages that are presently covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $32.30.
Several brokerages have recently issued reports on ENTG. Loop Capital reiterated a “buy” rating and issued a $40.00 target price on shares of Entegris in a research note on Friday, December 1st. Needham & Company LLC reiterated a “buy” rating and issued a $35.00 target price on shares of Entegris in a research note on Friday, October 27th. KeyCorp reiterated an “outperform” rating and issued a $30.00 target price on shares of Entegris in a research note on Saturday, September 16th. Seaport Global Securities started coverage on shares of Entegris in a research note on Friday, December 15th. They issued a “buy” rating and a $37.00 target price on the stock. Finally, Zacks Investment Research cut shares of Entegris from a “buy” rating to a “hold” rating in a report on Monday.
Shares of Entegris (NASDAQ:ENTG) traded up $0.55 during midday trading on Monday, hitting $32.25. 791,800 shares of the stock traded hands, compared to its average volume of 904,800. The company has a market capitalization of $4,475.21, a P/E ratio of 33.25, a PEG ratio of 1.78 and a beta of 1.52. Entegris has a 52-week low of $18.00 and a 52-week 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.
Entegris (NASDAQ:ENTG) last issued its earnings results on Thursday, October 26th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.06. The firm had revenue of $345.60 million for the quarter, compared to the consensus estimate of $334.30 million. Entegris had a net margin of 10.73% and a return on equity of 18.82%. The business’s revenue was up 16.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.24 earnings per share. equities research analysts forecast that Entegris will post 1.39 earnings per share for the current year.
In other Entegris news, VP Corey Rucci sold 3,528 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $32.68, for a total transaction of $115,295.04. Following the completion of the sale, the vice president now directly owns 22,436 shares of the company’s stock, valued at $733,208.48. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Paul L. H. Olson sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $30.21, for a total transaction of $90,630.00. Following the sale, the director now directly owns 45,364 shares of the company’s stock, valued at $1,370,446.44. The disclosure for this sale can be found here. Insiders have sold 21,296 shares of company stock valued at $666,592 over the last three months. 1.50% of the stock is owned by corporate insiders.
Hedge funds have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Entegris by 11.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,324 shares of the semiconductor company’s stock valued at $117,000 after buying an additional 533 shares during the last quarter. Seven Eight Capital LP bought a new position in shares of Entegris in the second quarter worth approximately $149,000. Wolverine Trading LLC boosted its position in shares of Entegris by 149.6% in the third quarter. Wolverine Trading LLC now owns 6,989 shares of the semiconductor company’s stock worth $202,000 after purchasing an additional 21,089 shares during the period. Reliance Trust Co. of Delaware bought a new position in shares of Entegris in the third quarter worth approximately $208,000. Finally, Barings LLC bought a new position in shares of Entegris in the third quarter worth approximately $225,000. 96.17% of the stock is owned by institutional investors and hedge funds.
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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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