Entegris (ENTG) Earns “Buy” Rating from Loop Capital
Entegris (NASDAQ:ENTG)‘s stock had its “buy” rating reiterated by investment analysts at Loop Capital in a report released on Friday. They currently have a $40.00 price objective on the semiconductor company’s stock. Loop Capital’s target price suggests a potential upside of 33.78% from the stock’s previous close.
ENTG has been the subject of several other reports. Needham & Company LLC reaffirmed a “buy” rating and set a $29.00 price objective on shares of Entegris in a research note on Tuesday, September 19th. ValuEngine downgraded shares of Entegris from a “buy” rating to a “hold” rating in a research note on Thursday. Dougherty & Co upped their price objective on shares of Entegris from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Zacks Investment Research downgraded shares of Entegris from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, KeyCorp reaffirmed an “outperform” rating and set a $30.00 price objective on shares of Entegris in a research note on Saturday, September 16th. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $32.10.
Shares of Entegris (ENTG) traded down $0.40 during trading hours on Friday, hitting $29.90. 1,279,400 shares of the stock traded hands, compared to its average volume of 864,365. The company has a market capitalization of $4,227.76, a P/E ratio of 23.54, a price-to-earnings-growth ratio of 1.94 and a beta of 1.52. The company has a current ratio of 3.14, a quick ratio of 2.43 and a debt-to-equity ratio of 0.40. Entegris has a 52-week low of $17.10 and a 52-week high of $33.05.
Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.34 by $0.06. The firm had revenue of $345.60 million during the quarter, compared to the consensus estimate of $334.30 million. Entegris had a net margin of 10.73% and a return on equity of 18.82%. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.24 earnings per share. equities research analysts expect that Entegris will post 1.37 earnings per share for the current fiscal year.
In other Entegris news, VP Corey Rucci sold 15,000 shares of the company’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $26.25, for a total value of $393,750.00. Following the sale, the vice president now owns 25,964 shares in the company, valued at $681,555. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Paul L. H. Olson sold 3,500 shares of the company’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $25.77, for a total transaction of $90,195.00. Following the completion of the sale, the director now owns 52,864 shares in the company, valued at approximately $1,362,305.28. The disclosure for this sale can be found here. Insiders have sold 31,796 shares of company stock worth $909,907 in the last quarter. 1.50% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Wolverine Trading LLC grew its holdings in Entegris by 149.6% in the third quarter. Wolverine Trading LLC now owns 6,989 shares of the semiconductor company’s stock worth $202,000 after purchasing an additional 21,089 shares during the period. California Public Employees Retirement System grew its holdings in Entegris by 9.0% in the third quarter. California Public Employees Retirement System now owns 175,646 shares of the semiconductor company’s stock worth $5,067,000 after purchasing an additional 14,546 shares during the period. Vident Investment Advisory LLC purchased a new stake in Entegris in the third quarter worth about $2,861,000. Royce & Associates LP purchased a new stake in Entegris in the third quarter worth about $2,092,000. Finally, Welch & Forbes LLC purchased a new stake in Entegris in the third quarter worth about $236,000. Institutional investors and hedge funds own 96.52% of the company’s stock.
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Entegris Company Profile
Entegris, Inc is a global developer, manufacturer and supplier of microcontamination control products, specialty chemicals and materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries. The Company operates in three business segments: Specialty Chemicals and Engineered Materials (SCEM), Advanced Materials Handling (AMH) and Microcontamination Control (MC).
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