Entegris, Inc. (ENTG) Given New $30.00 Price Target at Dougherty & Co
Entegris, Inc. (NASDAQ:ENTG) had its target price boosted by Dougherty & Co from $27.50 to $30.00 in a research report report published on Friday morning, Marketbeat Ratings reports. Dougherty & Co currently has a buy rating on the semiconductor company’s stock.
A number of other equities research analysts have also recently commented on the stock. BidaskClub upgraded shares of Entegris from a hold rating to a buy rating in a report on Monday, July 24th. Stifel Nicolaus reiterated a buy rating and set a $28.00 price target (up previously from $26.00) on shares of Entegris in a report on Thursday, July 13th. Deutsche Bank AG assumed coverage on shares of Entegris in a research report on Wednesday, July 5th. They set a hold rating and a $24.00 price objective on the stock. Zacks Investment Research downgraded shares of Entegris from a buy rating to a hold rating in a research report on Wednesday, June 28th. Finally, Goldman Sachs Group, Inc. (The) upgraded shares of Entegris from a buy rating to a conviction-buy rating and set a $29.00 price objective on the stock in a research report on Monday, May 22nd. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $27.50.
Entegris (ENTG) remained flat at $26.10 during trading on Friday. The company had a trading volume of 180,905 shares. The firm has a market capitalization of $3.70 billion, a PE ratio of 31.03 and a beta of 1.44. The stock’s 50 day moving average is $24.14 and its 200 day moving average is $22.95. Entegris has a 12 month low of $14.73 and a 12 month high of $27.20.
Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate 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 for the quarter, compared to analysts’ expectations of $324.51 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. Analysts anticipate that Entegris will post $1.21 EPS for the current year.
In related news, SVP John J. Murphy sold 4,621 shares of the stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $24.15, for a total transaction of $111,597.15. Following the transaction, the senior vice president now owns 59,961 shares in the company, valued at $1,448,058.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Gregory B. Graves sold 32,593 shares of the stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $26.01, for a total transaction of $847,743.93. Following the transaction, the chief financial officer now owns 65,554 shares in the company, valued at approximately $1,705,059.54. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 79,268 shares of company stock worth $2,043,872. 1.70% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. TD Asset Management Inc. bought a new position in shares of Entegris during the second quarter worth $448,000. Sei Investments Co. increased its position in Entegris by 149.1% in the second quarter. Sei Investments Co. now owns 143,459 shares of the semiconductor company’s stock valued at $3,149,000 after buying an additional 85,859 shares during the last quarter. Moody Aldrich Partners LLC increased its position in Entegris by 47.0% in the second quarter. Moody Aldrich Partners LLC now owns 67,375 shares of the semiconductor company’s stock valued at $1,479,000 after buying an additional 21,540 shares during the last quarter. Bessemer Group Inc. increased its position in Entegris by 7.8% in the second quarter. Bessemer Group Inc. now owns 36,128 shares of the semiconductor company’s stock valued at $793,000 after buying an additional 2,628 shares during the last quarter. Finally, Rothschild Asset Management Inc. acquired a new position in Entegris during the second quarter valued at $12,573,000. Institutional investors own 97.87% of the company’s stock.
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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