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

Entegris, Inc. (NASDAQ:ENTG - Get Free Report) has earned a consensus rating of "Moderate Buy" from the eight research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $113.00.

A number of equities research analysts have weighed in on ENTG shares. Wall Street Zen downgraded Entegris from a "hold" rating to a "sell" rating in a research report on Saturday, April 19th. UBS Group decreased their price objective on shares of Entegris from $90.00 to $85.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Citigroup dropped their price target on Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Needham & Company LLC reiterated a "buy" rating and set a $100.00 target price on shares of Entegris in a report on Tuesday, May 20th. Finally, KeyCorp lowered their price target on shares of Entegris from $130.00 to $117.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th.

Entegris Stock Performance

Shares of ENTG opened at $76.55 on Wednesday. The firm has a 50-day moving average of $75.48 and a 200-day moving average of $91.17. The company has a market cap of $11.59 billion, a PE ratio of 37.52, a price-to-earnings-growth ratio of 1.75 and a beta of 1.24. The company has a debt-to-equity ratio of 1.06, a current ratio of 3.26 and a quick ratio of 1.95. Entegris has a one year low of $60.75 and a one year high of $147.57.

Entegris (NASDAQ:ENTG - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.02). Entegris had a net margin of 9.57% and a return on equity of 12.48%. The firm had revenue of $773.20 million during the quarter, compared to the consensus estimate of $790.75 million. During the same quarter last year, the firm earned $0.68 earnings per share. The business's revenue for the quarter was up .3% compared to the same quarter last year. As a group, equities analysts forecast that Entegris will post 3.51 earnings per share for the current year.

Entegris Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, April 30th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date was Wednesday, April 30th. Entegris's dividend payout ratio (DPR) is currently 19.61%.

Institutional Trading of Entegris

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Entegris by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 15,553,199 shares of the semiconductor company's stock worth $1,360,594,000 after buying an additional 351,053 shares during the period. Price T Rowe Associates Inc. MD raised its position in Entegris by 21.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,555,677 shares of the semiconductor company's stock worth $1,185,852,000 after acquiring an additional 2,361,065 shares during the period. Principal Financial Group Inc. raised its position in shares of Entegris by 235.8% during the 1st quarter. Principal Financial Group Inc. now owns 5,014,198 shares of the semiconductor company's stock worth $438,642,000 after purchasing an additional 3,520,997 shares during the last quarter. Norges Bank purchased a new position in shares of Entegris in the fourth quarter valued at approximately $445,988,000. Finally, Select Equity Group L.P. lifted its holdings in Entegris by 6.9% in the 1st quarter. Select Equity Group L.P. now owns 4,074,232 shares of the semiconductor company's stock valued at $356,414,000 after purchasing an additional 263,168 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).

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