Entegris, Inc. (NASDAQ:ENTG - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $92.75, but opened at $83.86. Entegris shares last traded at $84.99, with a volume of 941,869 shares trading hands.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the company. The Goldman Sachs Group assumed coverage on Entegris in a research note on Thursday, July 10th. They issued a "neutral" rating and a $85.00 target price for the company. Mizuho upped their target price on Entegris from $90.00 to $98.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. KeyCorp restated an "overweight" rating and issued a $103.00 target price (down from $112.00) on shares of Entegris in a research note on Thursday. Needham & Company LLC restated a "buy" rating and issued a $100.00 target price on shares of Entegris in a research note on Tuesday, May 20th. 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 analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $106.44.
Get Our Latest Stock Analysis on Entegris
Entegris Stock Down 3.6%
The company has a debt-to-equity ratio of 1.04, a current ratio of 3.30 and a quick ratio of 1.95. The firm has a 50 day simple moving average of $81.44 and a 200-day simple moving average of $87.11. The stock has a market capitalization of $11.47 billion, a price-to-earnings ratio of 39.00 and a beta of 1.22.
Entegris (NASDAQ:ENTG - Get Free Report) last announced its earnings results on Wednesday, July 30th. The semiconductor company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.65 by $0.01. The company had revenue of $792.40 million for the quarter, compared to analysts' expectations of $753.85 million. Entegris had a return on equity of 12.05% and a net margin of 9.17%. The business's revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.71 earnings per share. On average, sell-side analysts forecast that Entegris, Inc. will post 3.51 EPS for the current fiscal year.
Entegris Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 20th. Stockholders of record on Wednesday, July 30th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Wednesday, July 30th. Entegris's dividend payout ratio is presently 20.62%.
Insider Activity at Entegris
In other news, SVP Clinton M. Haris sold 3,627 shares of the stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $90.00, for a total transaction of $326,430.00. Following the sale, the senior vice president owned 37,743 shares in the company, valued at approximately $3,396,870. This represents a 8.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.67% of the company's stock.
Hedge Funds Weigh In On Entegris
Several hedge funds have recently added to or reduced their stakes in the company. DAVENPORT & Co LLC boosted its holdings in Entegris by 1.3% in the second quarter. DAVENPORT & Co LLC now owns 8,450 shares of the semiconductor company's stock valued at $681,000 after acquiring an additional 110 shares during the last quarter. Alpine Bank Wealth Management boosted its holdings in Entegris by 73.7% in the second quarter. Alpine Bank Wealth Management now owns 311 shares of the semiconductor company's stock valued at $25,000 after acquiring an additional 132 shares during the last quarter. Personal CFO Solutions LLC boosted its holdings in Entegris by 6.0% in the first quarter. Personal CFO Solutions LLC now owns 2,466 shares of the semiconductor company's stock valued at $216,000 after acquiring an additional 140 shares during the last quarter. MAI Capital Management boosted its holdings in Entegris by 19.7% in the first quarter. MAI Capital Management now owns 864 shares of the semiconductor company's stock valued at $76,000 after acquiring an additional 142 shares during the last quarter. Finally, First Hawaiian Bank boosted its holdings in Entegris by 0.9% in the first quarter. First Hawaiian Bank now owns 15,786 shares of the semiconductor company's stock valued at $1,381,000 after acquiring an additional 143 shares during the last quarter.
About Entegris
(
Get Free Report)
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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