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

Entegris, Inc. (NASDAQ:ENTG - Get Free Report) has been given an average recommendation of "Moderate Buy" by the eight research firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $113.00.

ENTG has been the subject of a number of research analyst reports. Citigroup dropped their target price 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. KeyCorp dropped their target price on shares of Entegris from $130.00 to $117.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. UBS Group dropped their price target on shares of Entegris from $90.00 to $85.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Wall Street Zen downgraded shares of Entegris from a "hold" rating to a "sell" rating in a research note on Saturday, April 19th. Finally, Needham & Company LLC reissued a "buy" rating and set a $100.00 price target on shares of Entegris in a research note on Tuesday, May 20th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ENTG. Norges Bank bought a new position in shares of Entegris during the fourth quarter worth $445,988,000. Principal Financial Group Inc. raised its stake in 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 buying an additional 3,520,997 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Entegris by 33.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,194,612 shares of the semiconductor company's stock worth $1,108,940,000 after acquiring an additional 2,826,463 shares in the last quarter. D1 Capital Partners L.P. lifted its holdings in Entegris by 329.4% during the fourth quarter. D1 Capital Partners L.P. now owns 2,752,902 shares of the semiconductor company's stock worth $272,702,000 after acquiring an additional 2,111,801 shares in the last quarter. Finally, Deutsche Bank AG grew its stake in Entegris by 434.1% in the fourth quarter. Deutsche Bank AG now owns 1,470,162 shares of the semiconductor company's stock valued at $145,634,000 after acquiring an additional 1,194,903 shares during the period.

Entegris Price Performance

Shares of NASDAQ ENTG traded down $0.82 during trading on Wednesday, reaching $75.42. The company had a trading volume of 3,558,645 shares, compared to its average volume of 2,694,314. Entegris has a 52 week low of $60.75 and a 52 week high of $147.57. The stock has a market cap of $11.42 billion, a PE ratio of 36.97, a PEG ratio of 1.69 and a beta of 1.24. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.95 and a current ratio of 3.26. The business's 50 day moving average price is $75.70 and its 200-day moving average price is $90.48.

Entegris (NASDAQ:ENTG - Get Free Report) last announced its earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share for the quarter, missing analysts' consensus estimates of $0.69 by ($0.02). Entegris had a return on equity of 12.48% and a net margin of 9.57%. The company had revenue of $773.20 million during the quarter, compared to the consensus estimate of $790.75 million. During the same period in the prior year, the firm posted $0.68 earnings per share. The company's revenue was up .3% on a year-over-year basis. Analysts expect that Entegris will post 3.51 earnings per share for the current year.

Entegris Dividend Announcement

The firm also recently declared 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 0.53%. The ex-dividend date was Wednesday, April 30th. Entegris's dividend payout ratio (DPR) is 19.61%.

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).