Entegris Inc (NASDAQ:ENTG) – Analysts at Dougherty & Co boosted their FY2018 earnings estimates for shares of Entegris in a report issued on Wednesday. Dougherty & Co analyst R. Ryan now expects that the semiconductor company will earn $1.70 per share for the year, up from their previous estimate of $1.52. Dougherty & Co currently has a “Buy” rating and a $37.50 target price on the stock.
A number of other brokerages have also recently issued reports on ENTG. Needham & Company LLC restated a “buy” rating and set a $37.00 target price (up previously from $35.00) on shares of Entegris in a research report on Wednesday, February 7th. Zacks Investment Research cut shares of Entegris from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. Loop Capital lifted their target price on shares of Entegris from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Citigroup lifted their target price on shares of Entegris from $29.00 to $34.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. Finally, ValuEngine upgraded shares of Entegris from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $32.77.
Shares of Entegris (NASDAQ ENTG) traded up $0.05 on Monday, reaching $31.15. 692,400 shares of the company’s stock were exchanged, compared to its average volume of 1,022,266. 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 firm has a market capitalization of $4,397.44, a PE ratio of 52.80, a P/E/G ratio of 1.62 and a beta of 1.51. Entegris has a one year low of $20.85 and a one year high of $35.35.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 21st. Stockholders of record on Wednesday, January 31st will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Tuesday, January 30th. Entegris’s dividend payout ratio is presently 23.73%.
In other news, Director Paul L. H. Olson sold 3,000 shares of the business’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 value of $90,630.00. Following the completion of the transaction, the director now owns 45,364 shares of the company’s stock, valued at $1,370,446.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Michael A. Bradley sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $30.00, for a total transaction of $150,000.00. Following the completion of the transaction, the director now directly owns 65,557 shares of the company’s stock, valued at approximately $1,966,710. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.
Several large investors have recently bought and sold shares of ENTG. UBS Asset Management Americas Inc. raised its position in shares of Entegris by 5.2% in the second quarter. UBS Asset Management Americas Inc. now owns 69,924 shares of the semiconductor company’s stock valued at $1,535,000 after buying an additional 3,431 shares during the last quarter. California Public Employees Retirement System grew its holdings in Entegris by 1.7% in the second quarter. California Public Employees Retirement System now owns 161,100 shares of the semiconductor company’s stock valued at $3,536,000 after purchasing an additional 2,700 shares during the period. Advisor Group Inc. grew its holdings in Entegris by 69.4% in the second quarter. Advisor Group Inc. now owns 12,703 shares of the semiconductor company’s stock valued at $277,000 after purchasing an additional 5,205 shares during the period. Parametric Portfolio Associates LLC grew its holdings in Entegris by 4.6% in the second quarter. Parametric Portfolio Associates LLC now owns 238,165 shares of the semiconductor company’s stock valued at $5,228,000 after purchasing an additional 10,563 shares during the period. Finally, Voya Investment Management LLC grew its holdings in Entegris by 12.5% in the second quarter. Voya Investment Management LLC now owns 64,901 shares of the semiconductor company’s stock valued at $1,425,000 after purchasing an additional 7,233 shares during the period. 95.70% 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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