Entegris (NASDAQ:ENTG) Lifted to Buy at Citigroup

Citigroup upgraded shares of Entegris (NASDAQ:ENTG) from a neutral rating to a buy rating in a report issued on Monday morning, MarketBeat.com reports. They currently have $130.00 price objective on the semiconductor company’s stock, up from their previous price objective of $119.00.

A number of other brokerages have also weighed in on ENTG. Needham & Company LLC restated a buy rating and set a $150.00 price target on shares of Entegris in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft decreased their target price on Entegris from $160.00 to $145.00 and set a buy rating for the company in a report on Thursday, August 1st. BMO Capital Markets decreased their target price on Entegris from $160.00 to $145.00 and set an outperform rating for the company in a report on Thursday, August 1st. Finally, Mizuho raised Entegris from a neutral rating to an outperform rating and set a $143.00 target price for the company in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $146.40.

Entegris Price Performance

Shares of ENTG stock opened at $115.36 on Monday. Entegris has a fifty-two week low of $84.13 and a fifty-two week high of $147.57. The firm has a market capitalization of $17.40 billion, a price-to-earnings ratio of 55.46, a PEG ratio of 1.49 and a beta of 1.24. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.14 and a current ratio of 3.58. The stock’s 50-day simple moving average is $116.25 and its 200-day simple moving average is $128.00.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.01. Entegris had a return on equity of 12.03% and a net margin of 5.61%. The business had revenue of $812.60 million for the quarter, compared to analyst estimates of $802.43 million. During the same quarter in the previous year, the firm earned $0.66 earnings per share. The company’s revenue was down 9.8% on a year-over-year basis. As a group, equities analysts forecast that Entegris will post 3.14 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, July 31st were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date was Wednesday, July 31st. Entegris’s payout ratio is presently 19.23%.

Insider Buying and Selling at Entegris

In other news, CEO Bertrand Loy sold 27,044 shares of the company’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $140.63, for a total transaction of $3,803,197.72. Following the completion of the transaction, the chief executive officer now directly owns 263,068 shares of the company’s stock, valued at approximately $36,995,252.84. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, CEO Bertrand Loy sold 27,044 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $140.63, for a total transaction of $3,803,197.72. Following the completion of the sale, the chief executive officer now directly owns 263,068 shares in the company, valued at $36,995,252.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel D. Woodland sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $145.00, for a total value of $2,175,000.00. Following the sale, the insider now owns 37,457 shares of the company’s stock, valued at $5,431,265. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 57,044 shares of company stock valued at $8,078,198. 0.67% of the stock is owned by company insiders.

Institutional Trading of Entegris

Several large investors have recently added to or reduced their stakes in ENTG. Innealta Capital LLC purchased a new stake in Entegris in the 2nd quarter valued at $26,000. Summit Securities Group LLC purchased a new stake in Entegris in the 2nd quarter valued at $27,000. Quarry LP purchased a new stake in Entegris in the 2nd quarter valued at $27,000. Trust Co. of Vermont purchased a new stake in Entegris in the 4th quarter valued at $31,000. Finally, Opal Wealth Advisors LLC purchased a new position in shares of Entegris during the 2nd quarter worth $31,000.

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).