Entegris, Inc. (NASDAQ:ENTG) Receives Consensus Recommendation of "Moderate Buy" from Analysts

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

Several equities research analysts recently weighed in on the stock. Citigroup cut their price objective on shares of Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. KeyCorp reduced their price target on shares of Entegris from $130.00 to $117.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. UBS Group lowered their price objective on shares of Entegris from $90.00 to $85.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Wall Street Zen downgraded Entegris from a "hold" rating to a "sell" rating in a report 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 report on Tuesday, May 20th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Entegris during the fourth quarter worth about $445,988,000. Principal Financial Group Inc. increased its position 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 valued at $438,642,000 after purchasing an additional 3,520,997 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Entegris by 33.8% during the 4th 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 purchasing an additional 2,826,463 shares during the last quarter. D1 Capital Partners L.P. lifted its position in shares of Entegris by 329.4% in the 4th quarter. D1 Capital Partners L.P. now owns 2,752,902 shares of the semiconductor company's stock worth $272,702,000 after purchasing an additional 2,111,801 shares during the period. Finally, Deutsche Bank AG lifted its position in shares of Entegris by 434.1% in the 4th quarter. Deutsche Bank AG now owns 1,470,162 shares of the semiconductor company's stock worth $145,634,000 after purchasing an additional 1,194,903 shares during the period.

Entegris Stock Performance

NASDAQ:ENTG traded up $2.59 during mid-day trading on Friday, reaching $74.93. 4,189,721 shares of the company's stock were exchanged, compared to its average volume of 2,515,481. Entegris has a one year low of $60.75 and a one year high of $147.57. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08. The business's fifty day simple moving average is $78.23 and its two-hundred day simple moving average is $94.35. The firm has a market capitalization of $11.34 billion, a PE ratio of 38.82, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33.

Entegris (NASDAQ:ENTG - Get Free Report) last announced its earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.69 by ($0.02). Entegris had a return on equity of 12.83% and a net margin of 9.03%. The business had revenue of $773.20 million for the quarter, compared to analyst estimates of $790.75 million. During the same quarter in the previous year, the company earned $0.68 EPS. The business's revenue for the quarter was up .3% on a year-over-year basis. Analysts anticipate that Entegris will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, April 30th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Wednesday, April 30th. Entegris's payout ratio is 19.61%.

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).