Entegris' (ENTG) "Buy" Rating Reaffirmed at Needham & Company LLC

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

A number of other research analysts have also recently commented on ENTG. UBS Group dropped their price target on 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 Entegris from a "hold" rating to a "sell" rating in a research report on Saturday, April 19th. Citigroup cut their price target on Entegris from $125.00 to $102.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Finally, KeyCorp lowered their price objective on Entegris from $130.00 to $117.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $113.00.

Entegris Price Performance

Shares of ENTG stock traded up $0.74 on Tuesday, hitting $73.17. 2,326,790 shares of the company's stock were exchanged, compared to its average volume of 2,498,259. The company has a 50 day moving average of $79.35 and a 200 day moving average of $94.96. The stock has a market cap of $11.08 billion, a P/E ratio of 37.91, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.08 and a quick ratio of 1.86. Entegris has a 12 month low of $60.75 and a 12 month high of $147.57.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 EPS for the quarter, missing the consensus estimate 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 period in the previous year, the firm posted $0.68 EPS. The firm's revenue was up .3% compared to the same quarter last year. On average, equities research analysts predict that Entegris will post 3.51 EPS for the current year.

Entegris Dividend Announcement

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

Insider Buying and Selling

In other Entegris news, SVP Olivier Blachier sold 984 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $108.00, for a total transaction of $106,272.00. Following the completion of the sale, the senior vice president now owns 10,903 shares of the company's stock, valued at approximately $1,177,524. This represents a 8.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.67% of the stock is owned by insiders.

Hedge Funds Weigh In On Entegris

A number of hedge funds have recently bought and sold shares of ENTG. Costello Asset Management INC acquired a new stake in Entegris during the 1st quarter worth about $26,000. Rise Advisors LLC acquired a new position in shares of Entegris in the 1st quarter valued at about $26,000. Central Pacific Bank Trust Division boosted its position in shares of Entegris by 125.7% during the 1st 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. Quarry LP acquired a new stake in Entegris during the fourth quarter worth approximately $28,000. Finally, Neo Ivy Capital Management acquired a new stake in Entegris during the fourth quarter worth approximately $34,000.

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).