CL King began coverage on shares of Entegris (NASDAQ:ENTG) in a report released on Thursday morning, Benzinga reports. The brokerage issued a buy rating and a $44.00 target price on the semiconductor company’s stock.

A number of other analysts have also commented on ENTG. ValuEngine lowered Entegris from a buy rating to a hold rating in a research note on Saturday, May 18th. BidaskClub lowered Entegris from a strong-buy rating to a buy rating in a research note on Tuesday, May 14th. Citigroup lowered Entegris from a buy rating to a neutral rating and raised their price target for the stock from $40.00 to $42.00 in a research note on Friday, May 10th. Deutsche Bank raised their price target on Entegris from $40.00 to $45.00 and gave the stock a buy rating in a research note on Wednesday, April 17th. Finally, Seaport Global Securities lowered Entegris from a buy rating to a neutral rating in a research note on Thursday, February 28th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Entegris has an average rating of Buy and a consensus price target of $44.29.

Shares of ENTG stock opened at $37.81 on Thursday. Entegris has a 52 week low of $23.39 and a 52 week high of $42.01. The firm has a market capitalization of $5.12 billion, a P/E ratio of 20.01 and a beta of 1.45. The company has a quick ratio of 3.06, a current ratio of 4.34 and a debt-to-equity ratio of 0.93.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Thursday, April 25th. The semiconductor company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. Entegris had a return on equity of 26.00% and a net margin of 13.71%. The company had revenue of $391.00 million during the quarter, compared to analyst estimates of $400.43 million. During the same quarter last year, the firm posted $0.47 earnings per share. The firm’s revenue was up 6.5% on a year-over-year basis. Sell-side analysts anticipate that Entegris will post 1.94 EPS for the current fiscal year.

In other Entegris news, SVP Gregory Bryan Marshall sold 13,758 shares of the firm’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $37.96, for a total transaction of $522,253.68. Following the completion of the transaction, the senior vice president now owns 12,435 shares of the company’s stock, valued at $472,032.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Gregory B. Graves sold 30,000 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $40.39, for a total value of $1,211,700.00. Following the transaction, the chief financial officer now directly owns 67,861 shares of the company’s stock, valued at approximately $2,740,905.79. The disclosure for this sale can be found here. Insiders have sold 62,894 shares of company stock valued at $2,514,479 in the last three months. Insiders own 1.50% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Icon Wealth Partners LLC purchased a new position in Entegris during the first quarter valued at $27,000. Parallel Advisors LLC purchased a new position in Entegris during the first quarter valued at $34,000. Water Island Capital LLC purchased a new position in Entegris during the first quarter valued at $36,000. NumerixS Investment Technologies Inc purchased a new position in Entegris during the fourth quarter valued at $36,000. Finally, FTB Advisors Inc. lifted its position in Entegris by 41.9% during the first quarter. FTB Advisors Inc. now owns 1,445 shares of the semiconductor company’s stock valued at $51,000 after buying an additional 427 shares during the period.

Entegris Company Profile

Entegris, Inc develops, manufactures, and supplies micro contamination control products, specialty chemicals, and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries worldwide. It operates through three segments: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); and Advanced Materials Handling (AMH).

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Analyst Recommendations for Entegris (NASDAQ:ENTG)

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