Entegris, Inc. (ENTG) Receives $28.78 Average PT from Analysts

Shares of Entegris, Inc. (NASDAQ:ENTG) have earned an average rating of “Buy” from the twelve ratings firms that are presently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $29.40.

ENTG has been the subject of several research analyst reports. Loop Capital initiated coverage on Entegris in a research note on Thursday, September 28th. They issued a “buy” rating and a $35.00 price objective for the company. Needham & Company LLC restated a “buy” rating and issued a $29.00 price objective on shares of Entegris in a research note on Tuesday, September 19th. Stifel Nicolaus restated a “buy” rating and issued a $29.00 price objective (up from $28.00) on shares of Entegris in a research note on Sunday, July 30th. Dougherty & Co raised their price objective on Entegris from $27.50 to $30.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. Finally, BidaskClub upgraded Entegris from a “hold” rating to a “buy” rating in a research note on Monday, July 24th.

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Entegris (ENTG) traded down 0.17% during midday trading on Wednesday, reaching $30.15. The company had a trading volume of 809,268 shares. The company has a market capitalization of $4.28 billion, a P/E ratio of 35.85 and a beta of 1.52. Entegris has a 1-year low of $14.73 and a 1-year high of $30.85. The firm has a 50-day moving average of $28.17 and a 200 day moving average of $25.29.

Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. Entegris had a return on equity of 17.04% and a net margin of 9.63%. The company had revenue of $329.00 million during the quarter, compared to analysts’ expectations of $324.51 million. During the same period last year, the business posted $0.28 earnings per share. The firm’s revenue was up 8.5% compared to the same quarter last year. On average, equities research analysts forecast that Entegris will post $1.28 EPS for the current year.

The business also recently announced a special dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, November 1st will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, October 31st.

In related news, Director Robert Nicholas Burns sold 4,901 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $24.51, for a total transaction of $120,123.51. Following the sale, the director now directly owns 51,272 shares of the company’s stock, valued at $1,256,676.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Paul L. H. Olson sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $25.77, for a total value of $90,195.00. Following the sale, the director now directly owns 52,864 shares in the company, valued at $1,362,305.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,263 shares of company stock worth $1,248,543. 1.70% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of ENTG. BlackRock Inc. grew its holdings in Entegris by 26,099.4% during the first quarter. BlackRock Inc. now owns 9,885,824 shares of the semiconductor company’s stock worth $231,328,000 after acquiring an additional 9,848,091 shares during the period. Eagle Asset Management Inc. grew its holdings in Entegris by 285.8% during the second quarter. Eagle Asset Management Inc. now owns 2,324,644 shares of the semiconductor company’s stock worth $51,025,000 after acquiring an additional 1,722,099 shares during the period. FMR LLC grew its holdings in Entegris by 169.6% during the first quarter. FMR LLC now owns 2,523,000 shares of the semiconductor company’s stock worth $59,038,000 after acquiring an additional 1,587,200 shares during the period. Rothschild Asset Management Inc. acquired a new stake in Entegris during the second quarter worth about $12,573,000. Finally, Vanguard Group Inc. grew its holdings in Entegris by 4.3% during the first quarter. Vanguard Group Inc. now owns 11,209,039 shares of the semiconductor company’s stock worth $262,292,000 after acquiring an additional 459,189 shares during the period. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

Entegris Company Profile

ENTG has been the subject of several research analyst reports. Loop Capital initiated coverage on Entegris in a research note on Thursday, September 28th. They issued a “buy” rating and a $35.00 price objective for the company. Needham & Company LLC restated a “buy” rating and issued a $29.00 price objective on shares of Entegris in a research note on Tuesday, September 19th. Stifel Nicolaus restated a “buy” rating and issued a $29.00 price objective (up from $28.00) on shares of Entegris in a research note on Sunday, July 30th. Dougherty & Co raised their price objective on Entegris from $27.50 to $30.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. Finally, BidaskClub upgraded Entegris from a “hold” rating to a “buy” rating in a research note on Monday, July 24th.

COPYRIGHT VIOLATION NOTICE: This report was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another site, it was illegally copied and reposted in violation of United States & international copyright & trademark legislation. The correct version of this report can be read at https://ledgergazette.com/2017/10/21/entegris-inc-entg-receives-28-78-average-pt-from-analysts.html.

Entegris (ENTG) traded down 0.17% during midday trading on Wednesday, reaching $30.15. The company had a trading volume of 809,268 shares. The company has a market capitalization of $4.28 billion, a P/E ratio of 35.85 and a beta of 1.52. Entegris has a 1-year low of $14.73 and a 1-year high of $30.85. The firm has a 50-day moving average of $28.17 and a 200 day moving average of $25.29.

Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. Entegris had a return on equity of 17.04% and a net margin of 9.63%. The company had revenue of $329.00 million during the quarter, compared to analysts’ expectations of $324.51 million. During the same period last year, the business posted $0.28 earnings per share. The firm’s revenue was up 8.5% compared to the same quarter last year. On average, equities research analysts forecast that Entegris will post $1.28 EPS for the current year.

The business also recently announced a special dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, November 1st will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, October 31st.

In related news, Director Robert Nicholas Burns sold 4,901 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $24.51, for a total transaction of $120,123.51. Following the sale, the director now directly owns 51,272 shares of the company’s stock, valued at $1,256,676.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Paul L. H. Olson sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $25.77, for a total value of $90,195.00. Following the sale, the director now directly owns 52,864 shares in the company, valued at $1,362,305.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,263 shares of company stock worth $1,248,543. 1.70% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of ENTG. BlackRock Inc. grew its holdings in Entegris by 26,099.4% during the first quarter. BlackRock Inc. now owns 9,885,824 shares of the semiconductor company’s stock worth $231,328,000 after acquiring an additional 9,848,091 shares during the period. Eagle Asset Management Inc. grew its holdings in Entegris by 285.8% during the second quarter. Eagle Asset Management Inc. now owns 2,324,644 shares of the semiconductor company’s stock worth $51,025,000 after acquiring an additional 1,722,099 shares during the period. FMR LLC grew its holdings in Entegris by 169.6% during the first quarter. FMR LLC now owns 2,523,000 shares of the semiconductor company’s stock worth $59,038,000 after acquiring an additional 1,587,200 shares during the period. Rothschild Asset Management Inc. acquired a new stake in Entegris during the second quarter worth about $12,573,000. Finally, Vanguard Group Inc. grew its holdings in Entegris by 4.3% during the first quarter. Vanguard Group Inc. now owns 11,209,039 shares of the semiconductor company’s stock worth $262,292,000 after acquiring an additional 459,189 shares during the period. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

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).

Analyst Recommendations for Entegris (NASDAQ:ENTG)

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