Needham & Company LLC Reiterates "Buy" Rating for Entegris (NASDAQ:ENTG)

Needham & Company LLC reaffirmed their buy rating on shares of Entegris (NASDAQ:ENTG - Free Report) in a research note issued to investors on Tuesday,Benzinga reports. Needham & Company LLC currently has a $100.00 target price on the semiconductor company's stock.

Several other equities analysts have also recently weighed in on ENTG. Wall Street Zen cut shares of Entegris from a "hold" rating to a "sell" rating in a research report on Saturday, April 19th. KeyCorp cut their target price on Entegris from $130.00 to $117.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. UBS Group decreased their price target on Entegris from $90.00 to $85.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Finally, Citigroup dropped their price objective on Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Entegris presently has an average rating of "Moderate Buy" and a consensus target price of $113.00.

Entegris Trading Down 1.1%

ENTG stock traded down $0.83 during mid-day trading on Tuesday, reaching $72.34. 2,879,530 shares of the stock traded hands, compared to its average volume of 2,508,755. Entegris has a one year low of $60.75 and a one year high of $147.57. The stock has a market capitalization of $10.95 billion, a PE ratio of 37.48, a PEG ratio of 1.50 and a beta of 1.33. 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 has a 50-day moving average price of $78.80 and a two-hundred day moving average price of $94.67.

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

Entegris Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, April 30th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.55%. Entegris's dividend payout ratio is presently 19.61%.

Hedge Funds Weigh In On Entegris

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quarry LP acquired a new position in shares of Entegris in the 4th quarter worth approximately $28,000. Rise Advisors LLC purchased a new position in Entegris in the first quarter valued at about $26,000. Costello Asset Management INC purchased a new position in Entegris in the first quarter valued at about $26,000. Central Pacific Bank Trust Division grew its stake in Entegris by 125.7% in the first quarter. Central Pacific Bank Trust Division now owns 307 shares of the semiconductor company's stock valued at $27,000 after purchasing an additional 171 shares in the last quarter. Finally, Neo Ivy Capital Management purchased a new position in Entegris in the fourth quarter valued at about $34,000.

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).