Entegris Inc (NASDAQ:ENTG) had its target price lifted by equities researchers at Citigroup Inc to $24.00 in a report issued on Monday. Citigroup Inc’s price objective indicates a potential upside of 2.78% from the stock’s current price.

A number of other research firms have also recently issued reports on ENTG. Aegis assumed coverage on Entegris in a research report on Friday. They issued a “buy” rating and a $29.00 price objective for the company. Needham & Company LLC raised Entegris from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Monday, March 13th. Goldman Sachs Group Inc assumed coverage on Entegris in a research report on Friday, February 10th. They issued a “buy” rating and a $26.00 price objective for the company. Dougherty & Co raised their price objective on Entegris from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Friday, February 3rd. Finally, Zacks Investment Research raised Entegris from a “sell” rating to a “hold” rating and set a $22.00 price objective for the company in a research report on Monday, February 6th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $23.88.

Analyst Recommendations for Entegris (NASDAQ:ENTG)

Shares of Entegris (NASDAQ:ENTG) opened at 23.35 on Monday. The firm has a 50-day moving average price of $21.04 and a 200-day moving average price of $18.36. The company has a market capitalization of $3.30 billion, a PE ratio of 34.34 and a beta of 1.43. Entegris has a 12 month low of $12.77 and a 12 month high of $23.40.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Thursday, February 2nd. The company reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.03. Entegris had a return on equity of 15.45% and a net margin of 8.27%. The company earned $308.50 million during the quarter, compared to analysts’ expectations of $282.88 million. During the same period last year, the firm posted $0.20 earnings per share. The business’s revenue was up 15.6% on a year-over-year basis. On average, equities research analysts predict that Entegris will post $1.08 EPS for the current year.

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In related news, CFO Gregory B. Graves sold 115,336 shares of Entegris stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $22.06, for a total transaction of $2,544,312.16. Following the completion of the sale, the chief financial officer now directly owns 84,080 shares of the company’s stock, valued at approximately $1,854,804.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP William James Shaner sold 10,125 shares of Entegris stock in a transaction that occurred on Tuesday, February 14th. The stock was sold at an average price of $21.47, for a total value of $217,383.75. Following the sale, the vice president now directly owns 80,003 shares of the company’s stock, valued at $1,717,664.41. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 151,473 shares of company stock valued at $3,331,266. Insiders own 1.70% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA boosted its stake in Entegris by 90.5% in the third quarter. BNP Paribas Arbitrage SA now owns 13,176 shares of the company’s stock valued at $230,000 after buying an additional 6,260 shares during the last quarter. Genesee Valley Trust Co. boosted its stake in Entegris by 1.2% in the third quarter. Genesee Valley Trust Co. now owns 12,731 shares of the company’s stock valued at $222,000 after buying an additional 156 shares during the last quarter. Moody Aldrich Partners LLC boosted its stake in Entegris by 10.9% in the third quarter. Moody Aldrich Partners LLC now owns 146,870 shares of the company’s stock valued at $2,558,000 after buying an additional 14,465 shares during the last quarter. First Quadrant L P CA boosted its stake in Entegris by 79.7% in the third quarter. First Quadrant L P CA now owns 162,305 shares of the company’s stock valued at $2,827,000 after buying an additional 72,005 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in Entegris by 15.6% in the third quarter. Bank of Montreal Can now owns 91,679 shares of the company’s stock valued at $1,598,000 after buying an additional 12,397 shares during the last quarter. 98.55% of the stock is owned by institutional investors and hedge funds.

About Entegris

Entegris, Inc is a developer, manufacturer and supplier of materials and solutions for manufacturing processes in the semiconductor and other high-technology industries. The Company designs, manufactures and markets its products through two segments: Critical Materials Handling and Electronic Materials.

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