BidaskClub lowered shares of Entegris (NASDAQ:ENTG) from a sell rating to a strong sell rating in a research report sent to investors on Tuesday.
Several other equities analysts also recently commented on the company. Goldman Sachs Group downgraded Entegris from a conviction-buy rating to a buy rating in a research report on Wednesday, September 12th. Loop Capital set a $46.00 target price on Entegris and gave the company a buy rating in a research report on Saturday, July 28th. Deutsche Bank raised Entegris from a hold rating to a buy rating and decreased their target price for the company from $40.00 to $38.00 in a research report on Monday, October 1st. Zacks Investment Research downgraded Entegris from a buy rating to a hold rating in a research report on Tuesday, September 18th. Finally, ValuEngine downgraded Entegris from a hold rating to a sell rating in a research report on Tuesday, September 18th. Three research analysts have rated the stock with a sell rating and ten have assigned a buy rating to the stock. Entegris has a consensus rating of Buy and a consensus price target of $41.60.
Entegris stock opened at $26.37 on Tuesday. Entegris has a 12 month low of $25.73 and a 12 month high of $39.55. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.49 and a current ratio of 3.79. The company has a market capitalization of $4.10 billion, a PE ratio of 18.31 and a beta of 1.41.
Entegris (NASDAQ:ENTG) last posted its earnings results on Thursday, July 26th. The semiconductor company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.45 by $0.04. Entegris had a return on equity of 24.90% and a net margin of 8.61%. The company had revenue of $383.06 million for the quarter, compared to the consensus estimate of $378.52 million. During the same quarter in the prior year, the business earned $0.34 earnings per share. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. On average, analysts anticipate that Entegris will post 1.95 EPS for the current year.
In related news, Director Brian F. Sullivan sold 5,133 shares of the stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $36.65, for a total transaction of $188,124.45. Following the sale, the director now owns 103,294 shares of the company’s stock, valued at $3,785,725.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James Gentilcore sold 14,868 shares of the stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $33.92, for a total value of $504,322.56. Following the sale, the director now directly owns 4,090 shares in the company, valued at approximately $138,732.80. The disclosure for this sale can be found here. Insiders have sold 36,024 shares of company stock worth $1,268,095 in the last three months. 1.20% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of the stock. Janus Henderson Group PLC bought a new stake in Entegris during the second quarter worth $55,149,000. Lord Abbett & CO. LLC bought a new stake in Entegris during the first quarter worth $55,461,000. Voya Investment Management LLC lifted its stake in Entegris by 64.2% during the second quarter. Voya Investment Management LLC now owns 1,991,716 shares of the semiconductor company’s stock worth $67,519,000 after purchasing an additional 779,064 shares during the last quarter. Ardevora Asset Management LLP lifted its stake in Entegris by 458.5% during the second quarter. Ardevora Asset Management LLP now owns 906,488 shares of the semiconductor company’s stock worth $30,730,000 after purchasing an additional 744,188 shares during the last quarter. Finally, Carillon Tower Advisers Inc. lifted its stake in Entegris by 30.1% during the second quarter. Carillon Tower Advisers Inc. now owns 2,189,408 shares of the semiconductor company’s stock worth $74,221,000 after purchasing an additional 506,109 shares during the last quarter. 94.18% of the stock is currently owned by institutional investors and hedge funds.
Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries worldwide. It operates through three segments: Specialty Chemicals and Engineered Materials (SCEM), Microcontamination Control (MC), and Advanced Materials Handling (AMH).
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