Analysts Set Entegris, Inc. (NASDAQ:ENTG) Target Price at $124.88

Shares of Entegris, Inc. (NASDAQ:ENTG) have earned a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $124.88.

A number of research analysts recently issued reports on ENTG shares. StockNews.com upgraded Entegris from a “sell” rating to a “hold” rating in a report on Thursday. Mizuho reduced their price target on Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. KeyCorp reduced their price target on Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. Finally, Needham & Company LLC restated a “buy” rating and set a $120.00 price target on shares of Entegris in a report on Friday, February 7th.

Entegris Stock Up 4.2 %

ENTG opened at $98.37 on Monday. The company has a market cap of $14.87 billion, a P/E ratio of 50.97, a P/E/G ratio of 1.50 and a beta of 1.32. The business’s 50-day moving average price is $102.34 and its 200-day moving average price is $105.13. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08. Entegris has a 12 month low of $92.84 and a 12 month high of $147.57.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.07. Entegris had a return on equity of 12.83% and a net margin of 9.03%. On average, equities analysts expect that Entegris will post 3.51 EPS for the current year.

Entegris Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were given a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.41%. Entegris’s dividend payout ratio is currently 20.73%.

Insider Transactions at Entegris

In other news, SVP Clinton M. Haris sold 12,652 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $106.92, for a total value of $1,352,751.84. Following the sale, the senior vice president now directly owns 34,820 shares of the company’s stock, valued at $3,722,954.40. The trade was a 26.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Olivier Blachier sold 984 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $108.00, for a total value 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 approximately $1,177,524. This represents a 8.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On Entegris

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ENTG. Janney Montgomery Scott LLC bought a new position in Entegris in the 3rd quarter valued at approximately $1,158,000. Capital Performance Advisors LLP bought a new position in Entegris in the 3rd quarter valued at approximately $29,000. Equitable Trust Co. lifted its position in Entegris by 2.2% in the 3rd quarter. Equitable Trust Co. now owns 6,501 shares of the semiconductor company’s stock valued at $732,000 after acquiring an additional 138 shares in the last quarter. Verdence Capital Advisors LLC bought a new position in Entegris in the 3rd quarter valued at approximately $256,000. Finally, Bridges Investment Management Inc. lifted its position in Entegris by 3.6% in the 3rd quarter. Bridges Investment Management Inc. now owns 2,829 shares of the semiconductor company’s stock valued at $318,000 after acquiring an additional 98 shares in the last quarter.

Entegris Company Profile

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).