Entegris (NASDAQ:ENTG) Stock Rating Upgraded by Zacks Research

Key Points

• Zacks Research upgraded Entegris from “hold” to “strong buy.” Analyst sentiment overall is positive, with a consensus “buy” rating and an average price target of $187.17.
• Entegris reported quarterly EPS of $1.23, above the $1.03 consensus estimate, on revenue of $1.01 billion. Revenue rose 24.6% year over year.
• Other analyst actions were mixed: Needham and Truist raised their price targets, while Goldman Sachs maintained a “sell” rating despite increasing its target.

Entegris (NASDAQ:ENTG - Get Free Report) was upgraded by Zacks Research from a "hold" rating to a "strong-buy" rating in a research report issued on Thursday, Zacks reports.

Several other brokerages also recently commented on ENTG. Needham & Company LLC increased their price target on Entegris from $170.00 to $185.00 and gave the company a "buy" rating in a report on Thursday, October 29th. Freedom Capital upgraded Entegris to a "strong-buy" rating in a research note on Monday, August 3rd. Wall Street Zen lowered shares of Entegris from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 8th. Truist Financial lifted their target price on shares of Entegris from $190.00 to $199.00 and gave the company a "buy" rating in a report on Friday, October 30th. Finally, The Goldman Sachs Group lifted their price target on shares of Entegris from $120.00 to $135.00 and gave the stock a "sell" rating in a research note on Friday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Entegris presently has an average rating of "Buy" and a consensus price target of $187.17.

Entegris Trading Up 2.6%

NASDAQ ENTG opened at $127.98 on Thursday. Entegris has a 1-year low of $67.97 and a 1-year high of $186.94. The firm's fifty day simple moving average is $146.15 and its 200-day simple moving average is $138.59. The company has a current ratio of 2.66, a quick ratio of 1.59 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $19.56 billion, a PE ratio of 49.99, a price-to-earnings-growth ratio of 1.21 and a beta of 1.39.

Entegris (NASDAQ:ENTG - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The semiconductor company reported $1.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.03 by $0.20. Entegris had a return on equity of 13.86% and a net margin of 11.14%. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $925.35 million. During the same quarter in the previous year, the business earned $0.72 EPS. The company's quarterly revenue was up 24.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Entegris will post 4.38 earnings per share for the current fiscal year.

Insider Buying and Selling at Entegris

In other Entegris news, SVP Susan Rice sold 2,062 shares of Entegris stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $149.52, for a total value of $308,310.24. Following the sale, the senior vice president owned 66,976 shares of the company's stock, valued at $10,014,251.52. This trade represents a 2.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Olivier Blachier sold 2,000 shares of the company's stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $160.66, for a total value of $321,320.00. Following the completion of the sale, the insider owned 34,997 shares in the company, valued at $5,622,618.02. This trade represents a 5.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 7,978 shares of company stock worth $1,273,734. Insiders own 0.53% of the company's stock.

Hedge Funds Weigh In On Entegris

Several hedge funds have recently added to or reduced their stakes in ENTG. Summit Investment Advisory Services LLC lifted its stake in shares of Entegris by 2.0% in the 3rd quarter. Summit Investment Advisory Services LLC now owns 3,706 shares of the semiconductor company's stock valued at $571,000 after acquiring an additional 74 shares during the last quarter. Evergreen Capital Management LLC increased its stake in Entegris by 1.5% in the third quarter. Evergreen Capital Management LLC now owns 5,372 shares of the semiconductor company's stock worth $828,000 after purchasing an additional 79 shares during the period. Ancora Advisors LLC lifted its stake in Entegris by 85.1% during the 2nd quarter. Ancora Advisors LLC now owns 174 shares of the semiconductor company's stock valued at $31,000 after acquiring an additional 80 shares during the period. Ashton Thomas Private Wealth LLC lifted its stake in shares of Entegris by 6.3% in the third quarter. Ashton Thomas Private Wealth LLC now owns 1,513 shares of the semiconductor company's stock worth $233,000 after buying an additional 90 shares in the last quarter. Finally, SBI Securities Co. Ltd. raised its holdings in Entegris by 51.1% in the third quarter. SBI Securities Co. Ltd. now owns 278 shares of the semiconductor company's stock valued at $43,000 after acquiring an additional 94 shares in the last quarter.

Entegris Company Profile

Entegris, Inc is a materials science and process technology company that supplies products and solutions used in the manufacture of semiconductors and other advanced technology products. Its offerings help chipmakers manage contamination, handle sensitive materials, and improve process control across the semiconductor production cycle.

The company's products include specialty chemicals and gases, filtration and purification systems, wafer and substrate handling products, fluid-management components, and advanced materials used in semiconductor fabrication.

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