Brokerages Set Entegris, Inc. (NASDAQ:ENTG) Price Target at $106.30

Shares of Entegris, Inc. (NASDAQ:ENTG) have earned a consensus recommendation of “Moderate Buy” from the twelve research firms that are currently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $106.30.

A number of research analysts have commented on ENTG shares. Wall Street Zen upgraded shares of Entegris from a “sell” rating to a “hold” rating in a research note on Friday, October 3rd. UBS Group reduced their price target on shares of Entegris from $95.00 to $90.00 and set a “neutral” rating on the stock in a research report on Thursday, July 31st. Mizuho raised their price target on shares of Entegris from $100.00 to $108.00 and gave the stock an “outperform” rating in a research report on Friday, October 3rd. Weiss Ratings restated a “hold (c-)” rating on shares of Entegris in a research report on Wednesday, October 8th. Finally, Oppenheimer started coverage on shares of Entegris in a research report on Thursday, September 4th. They issued a “market perform” rating and a $95.00 price target on the stock.

Entegris Trading Up 2.2%

NASDAQ ENTG opened at $90.75 on Tuesday. Entegris has a 12 month low of $60.75 and a 12 month high of $112.36. The company has a debt-to-equity ratio of 1.04, a current ratio of 3.30 and a quick ratio of 1.95. The company has a market capitalization of $13.76 billion, a price-to-earnings ratio of 46.78 and a beta of 1.38. The company’s fifty day moving average price is $88.56 and its two-hundred day moving average price is $81.98.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Wednesday, July 6th. The semiconductor company reported $0.70 EPS for the quarter. Entegris had a net margin of 9.17% and a return on equity of 12.05%. The firm had revenue of $512.84 million for the quarter. As a group, research analysts predict that Entegris will post 3.51 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 19th. Stockholders of record on Wednesday, October 29th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Wednesday, October 29th. Entegris’s dividend payout ratio (DPR) is presently 20.62%.

Insider Buying and Selling at Entegris

In related news, SVP Susan G. Rice sold 8,858 shares of Entegris stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $79.84, for a total value of $707,222.72. Following the sale, the senior vice president directly owned 56,912 shares in the company, valued at $4,543,854.08. This trade represents a 13.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.67% of the stock is currently owned by company insiders.

Institutional Trading of Entegris

Hedge funds have recently bought and sold shares of the company. Alpine Bank Wealth Management lifted its position in Entegris by 73.7% in the 2nd quarter. Alpine Bank Wealth Management now owns 311 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 132 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in Entegris in the 2nd quarter valued at about $25,000. Costello Asset Management INC bought a new stake in Entegris in the 1st quarter valued at about $26,000. Rise Advisors LLC bought a new stake in Entegris in the 1st quarter valued at about $26,000. Finally, Summit Securities Group LLC bought a new stake in Entegris in the 1st quarter valued at about $36,000.

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).