Entegris, Inc. (NASDAQ:ENTG) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Entegris, Inc. has received a consensus rating of "Moderate Buy" from analysts, with seven buy recommendations and two hold recommendations.
• The company recently reported quarterly earnings with an EPS of $0.66, exceeding the expected $0.65, while its revenue of $792.40 million was higher than analyst estimates.
• Entegris declared a quarterly dividend of $0.10 per share, reflecting an annualized yield of 0.6% and a payout ratio of 20.62%.

Shares of Entegris, Inc. (NASDAQ:ENTG - Get Free Report) have received an average rating of "Moderate Buy" from the nine analysts that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $106.4444.

Several research analysts have recently weighed in on the company. Needham & Company LLC reissued a "buy" rating and issued a $100.00 price objective on shares of Entegris in a research report on Tuesday, May 20th. Citigroup lowered their price objective on shares of Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. The Goldman Sachs Group assumed coverage on shares of Entegris in a report on Thursday, July 10th. They set a "neutral" rating and a $85.00 price objective on the stock. Mizuho upped their price target on Entegris from $90.00 to $98.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Finally, UBS Group decreased their price objective on Entegris from $95.00 to $90.00 and set a "neutral" rating for the company in a report on Thursday, July 31st.

Entegris Price Performance

Entegris stock opened at $72.23 on Thursday. The firm has a market cap of $10.95 billion, a P/E ratio of 37.23 and a beta of 1.22. The stock's 50 day moving average is $81.43 and its 200 day moving average is $86.46. The company has a debt-to-equity ratio of 1.04, a current ratio of 3.30 and a quick ratio of 1.95. Entegris has a one year low of $60.75 and a one year high of $119.95.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $0.66 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.01. Entegris had a net margin of 9.17% and a return on equity of 12.05%. The company had revenue of $792.40 million for the quarter, compared to analyst estimates of $753.85 million. During the same period in the prior year, the firm posted $0.71 EPS. The company's quarterly revenue was down 2.5% on a year-over-year basis. As a group, research analysts expect that Entegris will post 3.51 EPS for the current year.

Entegris Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 20th. Shareholders of record on Wednesday, July 30th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, July 30th. Entegris's dividend payout ratio is presently 20.62%.

Insider Buying and Selling

In related news, SVP Clinton M. Haris sold 3,627 shares of the stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $90.00, for a total transaction of $326,430.00. Following the completion of the sale, the senior vice president directly owned 37,743 shares of the company's stock, valued at approximately $3,396,870. This trade represents a 8.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.67% of the company's stock.

Institutional Investors Weigh In On Entegris

A number of hedge funds have recently made changes to their positions in the business. DAVENPORT & Co LLC raised its stake in shares of Entegris by 1.3% in the second quarter. DAVENPORT & Co LLC now owns 8,450 shares of the semiconductor company's stock valued at $681,000 after buying an additional 110 shares during the period. Alpine Bank Wealth Management boosted its position in Entegris by 73.7% during the second quarter. Alpine Bank Wealth Management now owns 311 shares of the semiconductor company's stock worth $25,000 after purchasing an additional 132 shares during the period. Personal CFO Solutions LLC increased its stake in shares of Entegris by 6.0% in the first quarter. Personal CFO Solutions LLC now owns 2,466 shares of the semiconductor company's stock worth $216,000 after purchasing an additional 140 shares in the last quarter. MAI Capital Management increased its stake in shares of Entegris by 19.7% in the first quarter. MAI Capital Management now owns 864 shares of the semiconductor company's stock worth $76,000 after purchasing an additional 142 shares in the last quarter. Finally, First Hawaiian Bank raised its position in shares of Entegris by 0.9% in the first quarter. First Hawaiian Bank now owns 15,786 shares of the semiconductor company's stock valued at $1,381,000 after purchasing an additional 143 shares during the period.

About Entegris

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).

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