Entegris (NASDAQ:ENTG) had its price objective raised by Stifel Nicolaus from $36.00 to $42.00 in a research note published on Monday morning, MarketBeat reports. The firm currently has a buy rating on the semiconductor company’s stock.
Other research analysts have also issued reports about the stock. Dougherty & Co upped their price objective on shares of Entegris from $36.00 to $37.50 and gave the stock a buy rating in a report on Wednesday, February 7th. Needham & Company LLC restated a buy rating and issued a $37.00 price objective (up from $35.00) on shares of Entegris in a report on Wednesday, February 7th. Craig Hallum upgraded shares of Entegris from a hold rating to a buy rating in a report on Tuesday, February 6th. Loop Capital restated a buy rating and issued a $40.00 price objective on shares of Entegris in a report on Friday, December 1st. Finally, ValuEngine upgraded shares of Entegris from a hold rating to a buy rating in a report on Thursday, February 8th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $37.27.
Entegris stock opened at $36.70 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.63 and a quick ratio of 2.95. Entegris has a 1-year low of $21.77 and a 1-year high of $38.25. The company has a market cap of $5,116.37, a price-to-earnings ratio of 62.20, a price-to-earnings-growth ratio of 1.84 and a beta of 1.44.
Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.04. Entegris had a net margin of 6.34% and a return on equity of 20.95%. The business had revenue of $350.56 million during the quarter, compared to analyst estimates of $340.68 million. sell-side analysts predict that Entegris will post 1.75 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 21st. Investors of record on Wednesday, January 31st were paid a $0.07 dividend. The ex-dividend date was Tuesday, January 30th. This represents a $0.28 annualized dividend and a dividend yield of 0.76%. Entegris’s payout ratio is 23.73%.
In related news, VP Michael Sauer sold 4,317 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $33.58, for a total value of $144,964.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Bertrand Loy sold 175,000 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $33.48, for a total transaction of $5,859,000.00. Following the completion of the transaction, the chief executive officer now owns 581,012 shares of the company’s stock, valued at $19,452,281.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 335,754 shares of company stock valued at $11,317,780. 1.50% of the stock is owned by company insiders.
Several institutional investors have recently modified their holdings of ENTG. Wolverine Trading LLC increased its stake in shares of Entegris by 149.6% in the 3rd quarter. Wolverine Trading LLC now owns 6,989 shares of the semiconductor company’s stock worth $202,000 after acquiring an additional 21,089 shares in the last quarter. Zeke Capital Advisors LLC bought a new position in shares of Entegris in the 4th quarter worth about $203,000. CAPROCK Group Inc. bought a new position in shares of Entegris in the 4th quarter worth about $220,000. Barings LLC bought a new position in shares of Entegris in the 3rd quarter worth about $225,000. Finally, Welch & Forbes LLC bought a new position in shares of Entegris in the 3rd quarter worth about $236,000. Institutional investors own 96.47% 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).
Receive News & Ratings for Entegris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entegris and related companies with MarketBeat.com's FREE daily email newsletter.