Shares of Entegris Inc (NASDAQ:ENTG) have been given a consensus rating of “Buy” by the nine brokerages that are currently covering the stock. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $24.44.
Several analysts recently commented on ENTG shares. Citigroup Inc raised their target price on Entegris from $21.00 to $24.00 and gave the company a “neutral” rating in a research report on Monday, March 20th. Aegis started coverage on Entegris in a research report on Friday, March 17th. They issued a “buy” rating and a $29.00 target price on the stock. Zacks Investment Research upgraded Entegris from a “sell” rating to a “hold” rating and set a $22.00 target price on the stock in a research report on Monday, February 6th. Needham & Company LLC restated a “positive” rating and issued a $25.00 target price on shares of Entegris in a research report on Tuesday, March 21st. Finally, Goldman Sachs Group Inc started coverage on Entegris in a research report on Friday, February 10th. They issued a “buy” rating and a $26.00 target price on the stock.
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In other news, COO Todd James Edlund sold 3,100 shares of the firm’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $22.07, for a total transaction of $68,417.00. Following the completion of the sale, the chief operating officer now directly owns 129,778 shares of the company’s stock, valued at approximately $2,864,200.46. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James P. Lederer sold 3,391 shares of the firm’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $24.78, for a total value of $84,028.98. Following the sale, the director now directly owns 9,735 shares of the company’s stock, valued at $241,233.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 181,079 shares of company stock valued at $4,104,049. 1.70% of the stock is currently owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Entegris by 4.3% in the first quarter. Vanguard Group Inc. now owns 11,209,039 shares of the semiconductor company’s stock valued at $262,292,000 after buying an additional 459,189 shares in the last quarter. BlackRock Inc. raised its stake in Entegris by 26,099.4% in the first quarter. BlackRock Inc. now owns 9,885,824 shares of the semiconductor company’s stock valued at $231,328,000 after buying an additional 9,848,091 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Entegris by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,820,329 shares of the semiconductor company’s stock valued at $86,285,000 after buying an additional 137,631 shares in the last quarter. Silvercrest Asset Management Group LLC raised its stake in Entegris by 6.0% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 4,689,604 shares of the semiconductor company’s stock valued at $83,944,000 after buying an additional 264,977 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Entegris by 0.3% in the third quarter. Northern Trust Corp now owns 3,962,442 shares of the semiconductor company’s stock valued at $69,025,000 after buying an additional 11,332 shares in the last quarter. 98.55% of the stock is owned by institutional investors and hedge funds.
Entegris (NASDAQ:ENTG) traded down 0.63% during trading on Friday, reaching $23.55. The company had a trading volume of 326,237 shares. The company has a 50-day moving average price of $23.92 and a 200 day moving average price of $20.53. Entegris has a 52-week low of $13.21 and a 52-week high of $25.60. The stock has a market cap of $3.34 billion, a PE ratio of 29.44 and a beta of 1.43.
Entegris (NASDAQ:ENTG) last posted its earnings results on Thursday, April 27th. The semiconductor company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.25 by $0.03. Entegris had a return on equity of 15.45% and a net margin of 8.27%. The firm had revenue of $317.40 million for the quarter, compared to analysts’ expectations of $304.62 million. During the same period last year, the firm earned $0.17 EPS. The firm’s revenue was up 18.9% compared to the same quarter last year. On average, analysts anticipate that Entegris will post $1.16 earnings per share for the current year.
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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