Entegris (NASDAQ:ENTG) Rating Lowered to Hold at ValuEngine

ValuEngine lowered shares of Entegris (NASDAQ:ENTG) from a buy rating to a hold rating in a research note issued to investors on Monday morning, ValuEngine reports.

Several other research analysts have also issued reports on ENTG. Zacks Investment Research upgraded FirstService from a strong sell rating to a hold rating and set a $110.00 target price for the company in a research report on Tuesday, June 25th. Loop Capital dropped their target price on Entegris to $46.00 and set a buy rating for the company in a research report on Tuesday, April 9th. BidaskClub lowered Wright Medical Group from a buy rating to a hold rating in a research report on Thursday, May 23rd. Goldman Sachs Group lowered SUMCO CORP/ADR from a buy rating to a neutral rating in a research report on Monday, June 10th. Finally, Deutsche Bank downgraded shares of J B Hunt Transport Services from a buy rating to a sell rating and set a $98.51 price target for the company. in a research note on Wednesday, April 17th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. Entegris has an average rating of Hold and an average target price of $44.00.

Shares of NASDAQ:ENTG opened at $35.93 on Monday. Entegris has a 1 year low of $23.39 and a 1 year high of $42.01. The company’s 50 day simple moving average is $36.24. The stock has a market capitalization of $4.88 billion, a price-to-earnings ratio of 19.01 and a beta of 1.40. The company has a quick ratio of 3.06, a current ratio of 4.34 and a debt-to-equity ratio of 0.93.

Entegris (NASDAQ:ENTG) last announced its earnings results on Thursday, April 25th. The semiconductor company reported $0.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.03. Entegris had a return on equity of 26.00% and a net margin of 13.71%. The business had revenue of $391.00 million during the quarter, compared to analyst estimates of $400.43 million. During the same quarter in the previous year, the business earned $0.47 earnings per share. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. Analysts expect that Entegris will post 1.94 earnings per share for the current fiscal year.

In other news, SVP William James Shaner sold 15,536 shares of Entegris stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $40.73, for a total transaction of $632,781.28. Following the completion of the sale, the senior vice president now owns 21,062 shares of the company’s stock, valued at $857,855.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert Nicholas Burns sold 3,600 shares of Entegris stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $41.04, for a total transaction of $147,744.00. The disclosure for this sale can be found here. Insiders have sold 62,894 shares of company stock valued at $2,514,479 in the last ninety days. Insiders own 1.50% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Berman Capital Advisors LLC raised its stake in Entegris by 4.5% in the first quarter. Berman Capital Advisors LLC now owns 6,579 shares of the semiconductor company’s stock worth $234,000 after buying an additional 286 shares in the last quarter. Rehmann Capital Advisory Group raised its stake in Entegris by 21.3% in the first quarter. Rehmann Capital Advisory Group now owns 1,836 shares of the semiconductor company’s stock worth $66,000 after buying an additional 322 shares in the last quarter. FTB Advisors Inc. raised its stake in Entegris by 41.9% in the first quarter. FTB Advisors Inc. now owns 1,445 shares of the semiconductor company’s stock worth $51,000 after buying an additional 427 shares in the last quarter. Icon Wealth Partners LLC bought a new position in Entegris in the first quarter worth approximately $27,000. Finally, Advisor Group Inc. raised its stake in Entegris by 3.0% in the fourth quarter. Advisor Group Inc. now owns 27,953 shares of the semiconductor company’s stock worth $780,000 after buying an additional 817 shares in the last quarter.

About Entegris

Entegris, Inc develops, manufactures, and supplies micro contamination 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).

See Also: The mechanics of the bid-ask spread in trading

To view ValuEngine’s full report, visit ValuEngine’s official website.

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.