Entegris (NASDAQ:ENTG) Price Target Raised to $143.00 at Mizuho

Entegris (NASDAQ:ENTG) had its price objective lifted by Mizuho from $140.00 to $143.00 in a research report released on Thursday morning, Benzinga reports. They currently have a neutral rating on the semiconductor company’s stock.

A number of other equities analysts also recently issued reports on the company. Citigroup upped their price target on Entegris from $117.00 to $134.00 and gave the company a neutral rating in a report on Friday, February 16th. Craig Hallum raised Entegris from a hold rating to a buy rating and set a $150.00 price target for the company in a report on Thursday, February 15th. Needham & Company LLC reaffirmed a buy rating and issued a $150.00 price target on shares of Entegris in a report on Wednesday. Wolfe Research started coverage on Entegris in a report on Friday, March 1st. They issued an outperform rating and a $160.00 price target for the company. Finally, The Goldman Sachs Group upped their price target on Entegris from $104.00 to $147.00 and gave the company a buy rating in a report on Thursday, February 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $141.91.

Entegris Stock Up 4.1 %

Shares of Entegris stock traded up $5.20 on Thursday, reaching $131.80. 1,600,512 shares of the company were exchanged, compared to its average volume of 1,376,751. Entegris has a 1-year low of $72.96 and a 1-year high of $146.91. The company has a market cap of $19.87 billion, a P/E ratio of 63.37 and a beta of 1.31. The company has a debt-to-equity ratio of 1.22, a current ratio of 3.35 and a quick ratio of 2.67. The stock’s 50 day moving average price is $135.27 and its 200-day moving average price is $119.28.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.07. Entegris had a return on equity of 11.94% and a net margin of 9.31%. The business had revenue of $771.03 million during the quarter, compared to the consensus estimate of $769.24 million. During the same period in the previous year, the company posted $0.65 earnings per share. The business’s revenue for the quarter was down 16.4% on a year-over-year basis. As a group, equities analysts forecast that Entegris will post 3.27 EPS for the current year.

Entegris Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 1st will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.30%. The ex-dividend date of this dividend is Tuesday, April 30th. Entegris’s dividend payout ratio (DPR) is presently 19.23%.

Insider Transactions at Entegris

In other news, SVP Susan G. Rice sold 17,518 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $135.86, for a total transaction of $2,379,995.48. Following the completion of the sale, the senior vice president now owns 42,931 shares in the company, valued at $5,832,605.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Susan G. Rice sold 17,518 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $135.86, for a total transaction of $2,379,995.48. Following the completion of the sale, the senior vice president now owns 42,931 shares in the company, valued at $5,832,605.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Michael Besnard sold 12,667 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $135.78, for a total value of $1,719,925.26. Following the sale, the senior vice president now owns 10,213 shares of the company’s stock, valued at approximately $1,386,721.14. The disclosure for this sale can be found here. Insiders sold 41,082 shares of company stock worth $5,606,849 over the last 90 days. 0.67% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ENTG. Legacy Financial Group LLC acquired a new position in Entegris during the third quarter worth $30,000. Trust Co. of Vermont acquired a new position in Entegris during the fourth quarter worth $31,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Entegris during the fourth quarter worth $35,000. Quent Capital LLC grew its holdings in Entegris by 59.1% during the fourth quarter. Quent Capital LLC now owns 366 shares of the semiconductor company’s stock worth $44,000 after acquiring an additional 136 shares during the period. Finally, Arlington Trust Co LLC acquired a new position in Entegris during the fourth quarter worth $46,000.

About Entegris

Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions in North America, Taiwan, China, South Korea, Japan, Europe, and Southeast Asia. It operates in three segments: Materials Solutions (MS); Microcontamination Control (MC); and Advanced Materials Handling (AMH).