Entegris (NASDAQ:ENTG) Receives Buy Rating from Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Entegris (NASDAQ:ENTG) in a research note published on Tuesday,Benzinga reports. They currently have a $100.00 price objective on the semiconductor company’s stock.

Several other brokerages have also recently issued reports on ENTG. KeyCorp decreased their target price on shares of Entegris from $130.00 to $117.00 and set an “overweight” rating for the company in a report on Thursday, May 8th. UBS Group reduced their price target on shares of Entegris from $90.00 to $85.00 and set a “neutral” rating for the company in a research report on Thursday, May 8th. Citigroup lowered their price objective on Entegris from $125.00 to $102.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Finally, StockNews.com downgraded Entegris from a “hold” rating to a “sell” rating in a research note on Saturday, April 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Entegris presently has a consensus rating of “Moderate Buy” and an average price target of $113.00.

Entegris Price Performance

ENTG stock opened at $76.27 on Tuesday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08. The firm has a 50 day moving average price of $80.42 and a 200-day moving average price of $95.30. Entegris has a 52-week low of $60.75 and a 52-week high of $147.57. The firm has a market capitalization of $11.55 billion, a price-to-earnings ratio of 39.52, a PEG ratio of 1.50 and a beta of 1.33.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.02). Entegris had a net margin of 9.03% and a return on equity of 12.83%. The company had revenue of $773.20 million for the quarter, compared to analysts’ expectations of $790.75 million. During the same quarter in the previous year, the firm posted $0.68 EPS. The firm’s quarterly revenue was up .3% compared to the same quarter last year. Equities research analysts forecast that Entegris will post 3.51 EPS for the current fiscal year.

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Wednesday, April 30th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.52%. Entegris’s dividend payout ratio is presently 19.61%.

Insider Activity

In other Entegris news, SVP Olivier Blachier sold 984 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $108.00, for a total transaction of $106,272.00. Following the completion of the sale, the senior vice president now directly owns 10,903 shares in the company, valued at $1,177,524. The trade was a 8.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On Entegris

Institutional investors and hedge funds have recently made changes to their positions in the business. Costello Asset Management INC purchased a new stake in Entegris during the first quarter valued at approximately $26,000. Rise Advisors LLC bought a new stake in shares of Entegris during the 1st quarter valued at $26,000. Central Pacific Bank Trust Division increased its stake in shares of Entegris by 125.7% in the 1st quarter. Central Pacific Bank Trust Division now owns 307 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 171 shares in the last quarter. Quarry LP purchased a new stake in shares of Entegris in the 4th quarter worth $28,000. Finally, Neo Ivy Capital Management bought a new position in Entegris in the 4th quarter worth $34,000.

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).