Entegris, Inc. (NASDAQ:ENTG) Receives $123.50 Consensus PT from Analysts

Shares of Entegris, Inc. (NASDAQ:ENTG) have earned a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $120.38.

Several equities research analysts recently commented on ENTG shares. UBS Group decreased their price objective on shares of Entegris from $115.00 to $90.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 29th. KeyCorp cut their price objective on Entegris from $141.00 to $130.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. StockNews.com cut Entegris from a “hold” rating to a “sell” rating in a report on Saturday, April 19th. Mizuho decreased their price objective on Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $120.00 target price on shares of Entegris in a research note on Friday, February 7th.

Entegris Stock Up 0.6 %

ENTG stock opened at $83.89 on Tuesday. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08. The company’s 50-day moving average price is $84.62 and its 200 day moving average price is $97.24. Entegris has a 52 week low of $60.75 and a 52 week high of $147.57. The company has a market cap of $12.69 billion, a P/E ratio of 43.47, a P/E/G ratio of 1.50 and a beta of 1.33.

Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.07. Entegris had a return on equity of 12.83% and a net margin of 9.03%. On average, research analysts expect that Entegris will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Investors of record on Wednesday, April 30th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend is Wednesday, April 30th. Entegris’s payout ratio is currently 20.73%.

Insider Transactions at Entegris

In related news, SVP Olivier Blachier sold 984 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $108.00, for a total transaction of $106,272.00. Following the completion of the sale, the senior vice president now owns 10,903 shares of the company’s stock, valued at approximately $1,177,524. This represents a 8.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Clinton M. Haris sold 12,652 shares of Entegris stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the transaction, the senior vice president now directly owns 34,820 shares in the company, valued at approximately $3,722,954.40. This trade represents a 26.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On Entegris

A number of large investors have recently modified their holdings of the stock. Allianz Asset Management GmbH boosted its holdings in Entegris by 13.3% in the 1st quarter. Allianz Asset Management GmbH now owns 514,945 shares of the semiconductor company’s stock worth $45,047,000 after acquiring an additional 60,427 shares during the period. Teachers Retirement System of The State of Kentucky acquired a new stake in Entegris during the 1st quarter valued at $3,989,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Entegris during the 1st quarter worth $66,000. Jennison Associates LLC lifted its holdings in Entegris by 10.3% in the 1st quarter. Jennison Associates LLC now owns 398,545 shares of the semiconductor company’s stock worth $34,865,000 after buying an additional 37,156 shares in the last quarter. Finally, Transce3nd LLC boosted its position in Entegris by 22.4% in the 1st quarter. Transce3nd LLC now owns 2,297 shares of the semiconductor company’s stock valued at $201,000 after buying an additional 421 shares during the last quarter.

Entegris Company Profile

Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions in North America, Taiwan, China, South Korea, Japan, Europe, and Southeast Asia. It operates in three segments: Materials Solutions (MS); Microcontamination Control (MC); and Advanced Materials Handling (AMH).