Entegris (ENTG) Downgraded by Goldman Sachs Group

Goldman Sachs Group downgraded shares of Entegris (NASDAQ:ENTG) from a buy rating to a neutral rating in a report published on Tuesday morning, Marketbeat.com reports. Goldman Sachs Group currently has $30.00 price objective on the semiconductor company’s stock.

Several other research firms also recently weighed in on ENTG. ValuEngine downgraded shares of Entegris from a hold rating to a sell rating in a report on Tuesday, September 18th. Zacks Investment Research downgraded shares of Entegris from a buy rating to a hold rating in a research note on Tuesday, September 18th. Deutsche Bank upgraded shares of Entegris from a hold rating to a buy rating and dropped their price target for the stock from $40.00 to $38.00 in a research note on Monday, October 1st. Finally, BidaskClub downgraded shares of Entegris from a sell rating to a strong sell rating in a research note on Tuesday, October 9th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Entegris currently has an average rating of Buy and a consensus price target of $40.55.

Shares of NASDAQ ENTG traded up $0.46 during midday trading on Tuesday, reaching $29.55. 57,798 shares of the stock were exchanged, compared to its average volume of 1,347,981. The company has a market capitalization of $4.09 billion, a P/E ratio of 20.56 and a beta of 1.31. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.89 and a quick ratio of 2.64. Entegris has a twelve month low of $23.39 and a twelve month high of $39.55.

Entegris (NASDAQ:ENTG) last posted its earnings results on Thursday, October 25th. The semiconductor company reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.03). Entegris had a net margin of 8.78% and a return on equity of 25.34%. The company had revenue of $398.60 million during the quarter, compared to analyst estimates of $401.79 million. As a group, research analysts expect that Entegris will post 1.88 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in the company. Neuberger Berman Group LLC lifted its position in Entegris by 3.6% in the third quarter. Neuberger Berman Group LLC now owns 19,155 shares of the semiconductor company’s stock valued at $555,000 after acquiring an additional 657 shares during the last quarter. Raymond James & Associates raised its holdings in shares of Entegris by 2.1% in the second quarter. Raymond James & Associates now owns 72,572 shares of the semiconductor company’s stock valued at $2,460,000 after buying an additional 1,482 shares during the last quarter. Vident Investment Advisory LLC raised its holdings in shares of Entegris by 1.6% in the second quarter. Vident Investment Advisory LLC now owns 118,978 shares of the semiconductor company’s stock valued at $4,033,000 after buying an additional 1,907 shares during the last quarter. First Interstate Bank raised its holdings in shares of Entegris by 82.2% in the third quarter. First Interstate Bank now owns 4,465 shares of the semiconductor company’s stock valued at $129,000 after buying an additional 2,015 shares during the last quarter. Finally, Putnam Investments LLC raised its holdings in shares of Entegris by 4.3% in the second quarter. Putnam Investments LLC now owns 54,454 shares of the semiconductor company’s stock valued at $1,846,000 after buying an additional 2,254 shares during the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

Entegris Company Profile

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).

Featured Article: Intrinsic Value and Stock Selection

Analyst Recommendations for Entegris (NASDAQ:ENTG)

Receive News & Ratings for Entegris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entegris and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply