Entegris (NASDAQ:ENTG) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Friday.
A number of other equities analysts also recently issued reports on ENTG. Stifel Nicolaus upped their price target on Entegris from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday, July 2nd. ValuEngine downgraded Entegris from a “buy” rating to a “hold” rating in a research report on Wednesday, July 11th. Zacks Investment Research downgraded Entegris from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. Loop Capital set a $46.00 price target on Entegris and gave the stock a “buy” rating in a research report on Saturday, July 28th. Finally, Deutsche Bank raised Entegris from a “hold” rating to a “buy” rating and reduced their price target for the stock from $40.00 to $38.00 in a research report on Monday, October 1st. Three equities research analysts have rated the stock with a sell rating and ten have assigned a buy rating to the company’s stock. Entegris has an average rating of “Buy” and an average price target of $41.60.
Entegris stock opened at $27.12 on Friday. The company has a quick ratio of 2.49, a current ratio of 3.79 and a debt-to-equity ratio of 0.62. The firm has a market cap of $4.10 billion, a price-to-earnings ratio of 18.83 and a beta of 1.41. Entegris has a twelve month low of $25.73 and a twelve month high of $39.55.
Entegris (NASDAQ:ENTG) last posted its earnings results on Thursday, July 26th. The semiconductor company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.04. The company had revenue of $383.06 million during the quarter, compared to analyst estimates of $378.52 million. Entegris had a return on equity of 24.90% and a net margin of 8.61%. Entegris’s revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.34 earnings per share. Analysts anticipate that Entegris will post 1.95 earnings per share for the current fiscal year.
In related news, Director Paul L. H. Olson sold 1,750 shares of the company’s stock in a transaction on Friday, August 3rd. The stock was sold at an average price of $35.76, for a total value of $62,580.00. Following the transaction, the director now directly owns 47,704 shares of the company’s stock, valued at approximately $1,705,895.04. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Stuart Tison sold 5,643 shares of the company’s stock in a transaction on Friday, August 3rd. The shares were sold at an average price of $35.85, for a total value of $202,301.55. Following the completion of the transaction, the senior vice president now directly owns 78,402 shares in the company, valued at $2,810,711.70. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,024 shares of company stock worth $1,268,095. Insiders own 1.20% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Hawaiian Bank acquired a new position in shares of Entegris in the 3rd quarter valued at $137,000. Summit Trail Advisors LLC increased its position in shares of Entegris by 1,797.3% in the 1st quarter. Summit Trail Advisors LLC now owns 155,127 shares of the semiconductor company’s stock valued at $155,000 after acquiring an additional 146,951 shares during the period. Centaurus Financial Inc. acquired a new position in shares of Entegris in the 2nd quarter valued at $170,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Entegris in the 2nd quarter valued at $207,000. Finally, Signition LP acquired a new position in shares of Entegris in the 2nd quarter valued at $207,000. 94.18% of the stock is currently owned by hedge funds and other institutional investors.
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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