Entegris Inc (ENTG) Receives $32.30 Average PT from Analysts

Shares of Entegris Inc (NASDAQ:ENTG) have been given an average recommendation of “Buy” by the fourteen ratings firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $32.30.

ENTG has been the subject of a number of research analyst reports. Citigroup lifted their target price on Entegris from $29.00 to $34.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. Seaport Global Securities assumed coverage on Entegris in a research note on Friday, December 15th. They issued a “buy” rating and a $37.00 price target on the stock. Loop Capital raised their price target on Entegris from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Zacks Investment Research downgraded Entegris from a “buy” rating to a “hold” rating in a research note on Monday, January 1st. Finally, Dougherty & Co raised their price target on Entegris from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, October 27th.

In related news, COO Todd James Edlund sold 5,954 shares of Entegris stock in a transaction on Monday, November 6th. The stock was sold at an average price of $32.32, for a total transaction of $192,433.28. Following the transaction, the chief operating officer now directly owns 143,774 shares in the company, valued at $4,646,775.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Corey Rucci sold 3,528 shares of Entegris stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $32.68, for a total value of $115,295.04. Following the transaction, the vice president now owns 22,436 shares in the company, valued at $733,208.48. The disclosure for this sale can be found here. Insiders have sold 21,296 shares of company stock worth $666,592 over the last quarter. 1.50% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ENTG. Legal & General Group Plc lifted its position in Entegris by 17.8% during the second quarter. Legal & General Group Plc now owns 54,134 shares of the semiconductor company’s stock valued at $1,192,000 after purchasing an additional 8,191 shares in the last quarter. Franklin Resources Inc. purchased a new position in shares of Entegris in the second quarter valued at about $3,219,000. Alliancebernstein L.P. lifted its position in shares of Entegris by 4.3% in the second quarter. Alliancebernstein L.P. now owns 219,111 shares of the semiconductor company’s stock valued at $4,809,000 after acquiring an additional 9,000 shares in the last quarter. Nationwide Fund Advisors lifted its position in shares of Entegris by 0.3% in the second quarter. Nationwide Fund Advisors now owns 191,245 shares of the semiconductor company’s stock valued at $4,198,000 after acquiring an additional 505 shares in the last quarter. Finally, BlackRock Inc. lifted its position in shares of Entegris by 15.8% in the second quarter. BlackRock Inc. now owns 11,450,690 shares of the semiconductor company’s stock valued at $251,344,000 after acquiring an additional 1,564,866 shares in the last quarter. Institutional investors own 96.56% of the company’s stock.

Entegris (NASDAQ ENTG) traded down $0.73 during trading on Friday, hitting $32.62. The company’s stock had a trading volume of 672,255 shares, compared to its average volume of 873,120. The company has a market cap of $4,807.49, a price-to-earnings ratio of 26.77, a price-to-earnings-growth ratio of 1.91 and a beta of 1.52. Entegris has a twelve month low of $18.35 and a twelve month high of $35.35. The company has a current ratio of 3.14, a quick ratio of 2.43 and a debt-to-equity ratio of 0.40.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 21st. Stockholders of record on Wednesday, January 31st will be paid a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.86%. Entegris’s dividend payout ratio (DPR) is currently 7.22%.

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About Entegris

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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