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

Key Points

• Entegris, Inc. has received a consensus recommendation of "Moderate Buy" from twelve brokerages, with an average one-year price objective of $106.30.
• Insider activity shows SVP Susan G. Rice sold 8,858 shares at an average price of $79.84, reducing her ownership by 13.47%.
• The company recently declared a quarterly dividend of $0.10 per share, representing an annualized yield of 0.4% and set to be paid on November 19th.

Entegris, Inc. (NASDAQ:ENTG - Get Free Report) has earned an average rating of "Moderate Buy" from the twelve brokerages that are presently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $106.30.

A number of research firms have issued reports on ENTG. Zacks Research upgraded Entegris from a "strong sell" rating to a "hold" rating in a report on Friday, October 3rd. Oppenheimer began coverage on Entegris in a report on Thursday, September 4th. They set a "market perform" rating and a $95.00 price target on the stock. KeyCorp restated an "overweight" rating and set a $103.00 price target (down from $112.00) on shares of Entegris in a report on Thursday, July 31st. UBS Group cut their price target on Entegris from $95.00 to $90.00 and set a "neutral" rating on the stock in a report on Thursday, July 31st. Finally, The Goldman Sachs Group began coverage on Entegris in a report on Thursday, July 10th. They set a "neutral" rating and a $85.00 price target on the stock.

Insider Activity

In other Entegris news, SVP Susan G. Rice sold 8,858 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $79.84, for a total transaction of $707,222.72. Following the transaction, the senior vice president directly owned 56,912 shares in the company, valued at approximately $4,543,854.08. This represents a 13.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.61% of the company's stock.

Hedge Funds Weigh In On Entegris

A number of large investors have recently modified their holdings of ENTG. GAMMA Investing LLC lifted its holdings in shares of Entegris by 80.5% in the 1st quarter. GAMMA Investing LLC now owns 3,210 shares of the semiconductor company's stock worth $281,000 after purchasing an additional 1,432 shares in the last quarter. State of Alaska Department of Revenue bought a new position in shares of Entegris in the 1st quarter worth $1,548,000. Praxis Investment Management Inc. lifted its holdings in shares of Entegris by 15.4% in the 1st quarter. Praxis Investment Management Inc. now owns 4,650 shares of the semiconductor company's stock worth $407,000 after purchasing an additional 620 shares in the last quarter. Kentucky Retirement Systems bought a new position in shares of Entegris in the 1st quarter worth $899,000. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Entegris in the 1st quarter worth $383,000.

Entegris Stock Performance

Shares of ENTG stock opened at $92.60 on Tuesday. The business's 50 day simple moving average is $87.81 and its 200 day simple moving average is $81.69. Entegris has a one year low of $60.75 and a one year high of $112.36. The stock has a market capitalization of $14.04 billion, a PE ratio of 47.73 and a beta of 1.38. 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 (NASDAQ:ENTG - Get Free Report) last announced its earnings results on Wednesday, July 6th. The semiconductor company reported $0.70 EPS for the quarter. Entegris had a return on equity of 12.05% and a net margin of 9.17%.The business had revenue of $512.84 million for the quarter. As a group, research analysts forecast that Entegris will post 3.51 earnings per share for the current year.

Entegris Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 19th. Shareholders of record on Wednesday, October 29th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Wednesday, October 29th. Entegris's dividend payout ratio is presently 20.62%.

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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