Entegris (ENTG) Stock Rating Lowered by Zacks Investment Research
Entegris (NASDAQ:ENTG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Thursday.
According to Zacks, “Entegris is a leading provider of materials management solutions to the microelectronics industry including, in particular, the semiconductor manufacturing and disk manufacturing markets. The company’s materials management solutions for the semiconductor industry assure the integrity of materials as they are handled, stored, processed and transported throughout the semiconductor manufacturing process. These solutions enable customers to protect their investment in work-in-process and finished devices. “
ENTG has been the topic of several other research reports. Needham & Company LLC reissued a “buy” rating and issued a $29.00 price target on shares of Entegris in a research note on Tuesday, September 19th. Loop Capital began coverage on Entegris in a research note on Thursday, September 28th. They issued a “buy” rating and a $35.00 price target on the stock. ValuEngine downgraded Entegris from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Dougherty & Co lifted their price target on Entegris from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Finally, Seaport Global Securities began coverage on Entegris in a research note on Friday, December 15th. They issued a “buy” rating and a $37.00 price target on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $32.55.
Shares of Entegris (NASDAQ:ENTG) traded up $0.15 during trading on Thursday, reaching $32.50. The company had a trading volume of 751,011 shares, compared to its average volume of 873,076. The firm has a market cap of $4,600.00, a P/E ratio of 33.51, a PEG ratio of 1.84 and a beta of 1.52. Entegris has a twelve month low of $18.05 and a twelve month high of $33.95. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.14 and a quick ratio of 2.43.
Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.06. Entegris had a return on equity of 18.82% and a net margin of 10.73%. The firm had revenue of $345.60 million for the quarter, compared to the consensus estimate of $334.30 million. During the same quarter last year, the business posted $0.24 EPS. The company’s revenue for the quarter was up 16.5% on a year-over-year basis. equities research analysts predict that Entegris will post 1.39 EPS for the current fiscal year.
In other news, Director Paul L. H. Olson sold 3,000 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $30.21, for a total value of $90,630.00. Following the completion of the transaction, the director now owns 45,364 shares in the company, valued at approximately $1,370,446.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Todd James Edlund sold 5,954 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $32.32, for a total value of $192,433.28. Following the completion of the transaction, the chief operating officer now owns 143,774 shares of the company’s stock, valued at approximately $4,646,775.68. The disclosure for this sale can be found here. Insiders sold a total of 21,296 shares of company stock valued at $666,592 in the last 90 days. 1.50% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. grew its holdings in Entegris by 7.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 778,484 shares of the semiconductor company’s stock worth $17,088,000 after purchasing an additional 53,077 shares during the period. Legal & General Group Plc grew its holdings in Entegris by 17.8% during the second quarter. Legal & General Group Plc now owns 54,134 shares of the semiconductor company’s stock worth $1,192,000 after purchasing an additional 8,191 shares during the period. BNP Paribas Arbitrage SA grew its holdings in Entegris by 562.2% during the second quarter. BNP Paribas Arbitrage SA now owns 21,311 shares of the semiconductor company’s stock worth $468,000 after purchasing an additional 18,093 shares during the period. Neuberger Berman Group LLC grew its holdings in Entegris by 256.6% during the second quarter. Neuberger Berman Group LLC now owns 41,964 shares of the semiconductor company’s stock worth $921,000 after purchasing an additional 30,197 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Entegris by 11.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,324 shares of the semiconductor company’s stock worth $117,000 after purchasing an additional 533 shares during the period. Institutional investors own 96.17% of the company’s stock.
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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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