Entegris Inc (ENTG) Coverage Initiated by Analysts at Aegis
A number of other research analysts have also recently commented on ENTG. Needham & Company LLC started coverage on Entegris in a research note on Monday, November 21st. They issued a hold rating for the company. Zacks Investment Research cut Entegris from a hold rating to a sell rating in a research note on Friday, January 6th. Stifel Nicolaus increased their price target on Entegris from $19.00 to $22.00 and gave the company a buy rating in a research note on Thursday, January 26th. Dougherty & Co increased their price target on Entegris from $20.00 to $23.00 and gave the company a buy rating in a research note on Friday, February 3rd. Finally, Goldman Sachs Group Inc started coverage on Entegris in a research note on Friday, February 10th. They issued a buy rating and a $26.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $23.88.
Entegris (NASDAQ:ENTG) traded up 3.46% on Friday, reaching $23.20. The company’s stock had a trading volume of 2,642,579 shares. The company has a market cap of $3.28 billion, a P/E ratio of 34.12 and a beta of 1.43. Entegris has a 12 month low of $12.77 and a 12 month high of $23.55. The stock’s 50 day moving average price is $21.04 and its 200 day moving average price is $18.36.
Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Thursday, February 2nd. The company reported $0.24 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 in the prior year, the company earned $0.20 EPS. Entegris’s revenue was up 15.6% compared to the same quarter last year. Equities research analysts forecast that Entegris will post $1.08 earnings per share for the current year.
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In related news, SVP John J. Murphy sold 2,626 shares of the stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $21.65, for a total value of $56,852.90. Following the completion of the sale, the senior vice president now directly owns 64,582 shares in the company, valued at $1,398,200.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP William James Shaner sold 10,125 shares of the stock in a transaction on Tuesday, February 14th. The shares were sold at an average price of $21.47, for a total value of $217,383.75. Following the completion of the sale, the vice president now owns 80,003 shares of the company’s stock, valued at $1,717,664.41. The disclosure for this sale can be found here. Insiders sold a total of 151,473 shares of company stock valued at $3,331,266 over the last quarter. 1.70% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the stock. Norges Bank bought a new stake in Entegris during the fourth quarter worth $20,982,000. Cigna Investments Inc. New bought a new stake in Entegris during the fourth quarter worth $1,315,000. AQR Capital Management LLC increased its stake in Entegris by 31.1% in the fourth quarter. AQR Capital Management LLC now owns 198,333 shares of the company’s stock worth $3,550,000 after buying an additional 47,091 shares during the last quarter. Guggenheim Capital LLC increased its stake in Entegris by 273.2% in the fourth quarter. Guggenheim Capital LLC now owns 40,011 shares of the company’s stock worth $716,000 after buying an additional 29,291 shares during the last quarter. Finally, Tudor Investment Corp Et Al increased its stake in Entegris by 7.3% in the fourth quarter. Tudor Investment Corp Et Al now owns 67,840 shares of the company’s stock worth $1,214,000 after buying an additional 4,603 shares during the last quarter. Institutional investors and hedge funds own 98.55% of the company’s stock.
Entegris Company Profile
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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