Entegris (ENTG) Price Target Raised to $42.50 at Craig Hallum
Entegris (NASDAQ:ENTG) had its price objective boosted by Craig Hallum from $37.00 to $42.50 in a research note published on Wednesday morning. They currently have a buy rating on the semiconductor company’s stock.
A number of other equities research analysts also recently issued reports on ENTG. Stifel Nicolaus boosted their target price on shares of Entegris from $36.00 to $42.00 and gave the company a buy rating in a report on Monday. KeyCorp boosted their target price on shares of Entegris from $37.00 to $45.00 and gave the company an overweight rating in a report on Wednesday. Zacks Investment Research upgraded shares of Entegris from a sell rating to a hold rating and set a $34.00 target price for the company in a report on Thursday, February 8th. ValuEngine upgraded shares of Entegris from a hold rating to a buy rating in a report on Friday, March 2nd. Finally, Dougherty & Co boosted their target price on shares of Entegris from $36.00 to $37.50 and gave the company a buy rating in a report on Wednesday, February 7th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Buy and an average price target of $37.27.
ENTG stock opened at $37.85 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.63 and a quick ratio of 2.95. The firm has a market cap of $5,116.37, a P/E ratio of 64.15, a PEG ratio of 1.84 and a beta of 1.44. Entegris has a 52-week low of $21.77 and a 52-week high of $38.25.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 21st. Shareholders of record on Wednesday, January 31st were paid a dividend of $0.07 per share. The ex-dividend date was Tuesday, January 30th. This represents a $0.28 annualized dividend and a yield of 0.74%. Entegris’s dividend payout ratio is currently 23.73%.
In other Entegris news, CEO Bertrand Loy sold 175,000 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $33.48, for a total transaction of $5,859,000.00. Following the completion of the sale, the chief executive officer now directly owns 581,012 shares in the company, valued at $19,452,281.76. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Michael Sauer sold 4,317 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $33.58, for a total transaction of $144,964.86. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 335,754 shares of company stock valued at $11,317,780. 1.50% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wolverine Trading LLC boosted its stake in shares of Entegris by 149.6% in the third quarter. Wolverine Trading LLC now owns 6,989 shares of the semiconductor company’s stock valued at $202,000 after purchasing an additional 21,089 shares during the period. Zeke Capital Advisors LLC purchased a new position in shares of Entegris in the fourth quarter valued at $203,000. CAPROCK Group Inc. purchased a new position in shares of Entegris in the fourth quarter valued at $220,000. Barings LLC purchased a new position in shares of Entegris in the third quarter valued at $225,000. Finally, Welch & Forbes LLC purchased a new position in shares of Entegris in the third quarter valued at $236,000. Institutional investors own 96.47% 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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