Entegris (NASDAQ:ENTG) Downgraded by Wall Street Zen to Buy

Wall Street Zen cut shares of Entegris (NASDAQ:ENTG) from a strong-buy rating to a buy rating in a research note released on Saturday.

Several other brokerages also recently issued reports on ENTG. Freedom Capital upgraded Entegris to a “strong-buy” rating in a research report on Monday, August 3rd. BMO Capital Markets raised their target price on Entegris from $153.00 to $167.00 and gave the company an “outperform” rating in a research note on Monday, July 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Entegris in a report on Monday, August 3rd. Citigroup reiterated a “buy” rating on shares of Entegris in a research report on Thursday, April 30th. Finally, Mizuho increased their price objective on shares of Entegris from $180.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Entegris has an average rating of “Moderate Buy” and a consensus price target of $165.56.

Entegris Price Performance

Shares of Entegris stock opened at $152.08 on Friday. The stock has a market capitalization of $23.19 billion, a price-to-earnings ratio of 76.42, a P/E/G ratio of 1.41 and a beta of 1.35. The firm’s 50-day moving average price is $144.96 and its two-hundred day moving average price is $134.68. The company has a current ratio of 3.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.83. Entegris has a 1-year low of $67.97 and a 1-year high of $186.94.

Entegris (NASDAQ:ENTG) last posted its earnings results on Tuesday, August 4th. The semiconductor company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.11. The company had revenue of $883.20 million during the quarter, compared to analysts’ expectations of $835.79 million. Entegris had a net margin of 9.18% and a return on equity of 12.25%. Entegris’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 earnings per share. Entegris has set its Q3 2026 guidance at 0.960-1.040 EPS. On average, equities analysts predict that Entegris will post 3.91 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, 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 payout ratio is currently 20.10%.

Insider Buying and Selling at Entegris

In other news, SVP Clinton M. Haris sold 6,848 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $149.23, for a total value of $1,021,927.04. Following the completion of the sale, the senior vice president directly owned 54,961 shares of the company’s stock, valued at $8,201,830.03. This represents a 11.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Joseph Colella sold 6,326 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $140.17, for a total value of $886,715.42. Following the completion of the transaction, the senior vice president directly owned 50,121 shares of the company’s stock, valued at approximately $7,025,460.57. The trade was a 11.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 44,466 shares of company stock valued at $6,186,624 over the last quarter. 0.53% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Entegris

A number of institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Entegris in the 2nd quarter valued at $3,683,556,000. Invesco Ltd. lifted its holdings in Entegris by 183.5% in the third quarter. Invesco Ltd. now owns 3,167,857 shares of the semiconductor company’s stock valued at $292,900,000 after buying an additional 2,050,473 shares during the period. Norges Bank bought a new stake in Entegris during the fourth quarter valued at $158,669,000. Duquesne Family Office LLC acquired a new stake in Entegris during the 2nd quarter worth about $132,741,000. Finally, Bank of New York Mellon Corp acquired a new stake in Entegris during the 2nd quarter worth about $248,869,000.

Entegris Company Profile

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.