Entegris (NASDAQ:ENTG) Upgraded by Freedom Capital to Strong-Buy Rating

Freedom Capital upgraded shares of Entegris (NASDAQ:ENTG) to a strong-buy rating in a research report report published on Monday,Zacks.com reports.

A number of other equities analysts have also issued reports on the company. UBS Group increased their price objective on Entegris from $185.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft lifted their target price on Entegris from $145.00 to $155.00 and gave the company a “hold” rating in a research note on Monday, July 6th. Wall Street Zen raised Entegris from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 12th. Needham & Company LLC raised their price target on Entegris from $150.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Mizuho lifted their price objective on shares of Entegris from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $164.22.

Entegris Price Performance

Shares of NASDAQ:ENTG opened at $125.20 on Monday. The firm’s 50 day moving average is $144.45 and its two-hundred day moving average is $133.86. The firm has a market capitalization of $19.09 billion, a P/E ratio of 72.37, a PEG ratio of 1.39 and a beta of 1.35. The company has a current ratio of 3.21, a quick ratio of 2.05 and a debt-to-equity ratio of 0.91. Entegris has a 52 week low of $67.97 and a 52 week high of $186.94.

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Wednesday, July 29th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, July 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. Entegris’s dividend payout ratio (DPR) is 23.12%.

Insider Buying and Selling

In other news, SVP Joseph Colella sold 6,326 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $140.17, for a total value of $886,715.42. Following the completion of the sale, the senior vice president owned 50,121 shares in the company, valued at $7,025,460.57. This represents a 11.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Olivier Blachier sold 2,000 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $140.04, for a total value of $280,080.00. Following the completion of the sale, the senior vice president owned 34,897 shares of the company’s stock, valued at approximately $4,886,975.88. This trade represents a 5.42% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 44,466 shares of company stock worth $6,186,624. 0.53% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Entegris

Several hedge funds have recently made changes to their positions in the business. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in Entegris by 0.3% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 31,400 shares of the semiconductor company’s stock worth $2,645,000 after acquiring an additional 100 shares during the last quarter. Parvin Asset Management LLC increased its position in Entegris by 19.2% in the 1st quarter. Parvin Asset Management LLC now owns 745 shares of the semiconductor company’s stock valued at $87,000 after acquiring an additional 120 shares in the last quarter. Lido Advisors LLC raised its stake in shares of Entegris by 1.5% in the first quarter. Lido Advisors LLC now owns 8,542 shares of the semiconductor company’s stock worth $1,002,000 after acquiring an additional 125 shares during the last quarter. Northwestern Mutual Investment Management Company LLC raised its stake in shares of Entegris by 0.4% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 33,918 shares of the semiconductor company’s stock worth $2,858,000 after acquiring an additional 127 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. raised its stake in shares of Entegris by 0.3% in the first quarter. Resona Asset Management Co. Ltd. now owns 44,907 shares of the semiconductor company’s stock worth $5,199,000 after acquiring an additional 128 shares during the last quarter.

About Entegris

Entegris, Inc is a leading provider of advanced materials and process control solutions for the semiconductor and other high-technology industries. The company develops and supplies a broad portfolio of products designed to ensure purity and reliability throughout the manufacturing process, helping customers address critical contamination and yield challenges.

Entegris’s product offerings include high-purity chemicals and specialty materials, liquid and gas filtration and purification systems, and sophisticated wafer and chip handling solutions.