Entegris, Inc. (ENTG) Given Average Recommendation of “Buy” by Analysts
Entegris, Inc. (NASDAQ:ENTG) has been assigned a consensus rating of “Buy” from the ten research firms that are covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, four have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $27.50.
A number of research analysts recently weighed in on ENTG shares. Stifel Nicolaus restated a “buy” rating and set a $29.00 target price (up previously from $28.00) on shares of Entegris in a research note on Sunday, July 30th. Dougherty & Co lifted their target price on shares of Entegris from $27.50 to $30.00 and gave the company a “buy” rating in a research note on Friday, July 28th. BidaskClub upgraded shares of Entegris from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Goldman Sachs Group, Inc. (The) upgraded shares of Entegris from a “buy” rating to a “conviction-buy” rating and set a $29.00 price target on the stock in a research note on Monday, May 22nd. Finally, Deutsche Bank AG began coverage on shares of Entegris in a research note on Wednesday, July 5th. They issued a “hold” rating and a $24.00 price target on the stock.
In related news, Director Robert Nicholas Burns sold 4,901 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $24.51, for a total transaction of $120,123.51. Following the transaction, the director now directly owns 51,272 shares in the company, valued at approximately $1,256,676.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian F. Sullivan sold 9,735 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $25.96, for a total transaction of $252,720.60. Following the transaction, the director now owns 98,611 shares in the company, valued at $2,559,941.56. The disclosure for this sale can be found here. Insiders have sold a total of 76,999 shares of company stock worth $1,992,670 over the last quarter. 1.70% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Entegris by 11.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,324 shares of the semiconductor company’s stock worth $117,000 after buying an additional 533 shares in the last quarter. Seven Eight Capital LP bought a new position in shares of Entegris during the second quarter worth approximately $149,000. FNY Partners Fund LP bought a new position in shares of Entegris during the first quarter worth approximately $154,000. CIBC World Markets Inc. bought a new position in shares of Entegris during the first quarter worth approximately $228,000. Finally, First Interstate Bank increased its position in shares of Entegris by 0.7% in the first quarter. First Interstate Bank now owns 9,970 shares of the semiconductor company’s stock worth $233,000 after buying an additional 70 shares in the last quarter. Institutional investors own 95.30% of the company’s stock.
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Entegris (NASDAQ ENTG) traded up 0.82% during mid-day trading on Tuesday, hitting $24.70. The stock had a trading volume of 462,522 shares. Entegris has a 1-year low of $14.73 and a 1-year high of $27.20. The firm’s 50-day moving average price is $24.76 and its 200-day moving average price is $23.64. The stock has a market cap of $3.50 billion, a PE ratio of 29.37 and a beta of 1.47.
Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. Entegris had a net margin of 9.63% and a return on equity of 17.04%. The firm had revenue of $329 million during the quarter, compared to the consensus estimate of $324.51 million. During the same quarter in the previous year, the firm posted $0.28 EPS. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, equities analysts expect that Entegris will post $1.28 earnings per share for the current year.
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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