Entegris, Inc. (NASDAQ:ENTG) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of Entegris, Inc. (NASDAQ:ENTG - Get Free Report) have received an average rating of "Moderate Buy" from the nine analysts that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $141.64.

A number of analysts have recently weighed in on the stock. Needham & Company LLC reissued a "buy" rating and set a $150.00 price target on shares of Entegris in a research report on Thursday, March 7th. Citigroup raised their price target on shares of Entegris from $117.00 to $134.00 and gave the stock a "neutral" rating in a research report on Friday, February 16th. The Goldman Sachs Group raised their price target on shares of Entegris from $104.00 to $147.00 and gave the stock a "buy" rating in a research report on Thursday, February 15th. KeyCorp raised their price objective on Entegris from $136.00 to $164.00 and gave the stock an "overweight" rating in a research note on Thursday, February 15th. Finally, Mizuho restated a "neutral" rating and set a $140.00 price objective on shares of Entegris in a research note on Tuesday, February 20th.

Entegris Stock Down 3.8 %

NASDAQ:ENTG traded down $4.89 during trading hours on Friday, hitting $122.20. The stock had a trading volume of 1,687,057 shares, compared to its average volume of 1,386,858. The company has a current ratio of 3.85, a quick ratio of 2.67 and a debt-to-equity ratio of 1.35. Entegris has a 1-year low of $69.37 and a 1-year high of $146.91. The business has a 50 day simple moving average of $136.14 and a two-hundred day simple moving average of $116.76. The company has a market cap of $18.42 billion, a PE ratio of 103.69 and a beta of 1.32.

Entegris (NASDAQ:ENTG - Get Free Report) last released its quarterly earnings results on Tuesday, February 13th. The semiconductor company reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.59 by $0.06. Entegris had a net margin of 5.13% and a return on equity of 12.00%. The business had revenue of $812.30 million during the quarter, compared to the consensus estimate of $780.95 million. During the same quarter last year, the company earned $0.83 earnings per share. The business's quarterly revenue was down 14.1% compared to the same quarter last year. Analysts predict that Entegris will post 3.31 EPS for the current year.

Entegris Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 1st will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date is Tuesday, April 30th. Entegris's payout ratio is 33.61%.

Insider Buying and Selling at Entegris

In other Entegris news, CAO Michael Sauer sold 1,897 shares of the firm's stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total value of $251,428.38. Following the sale, the chief accounting officer now directly owns 1,779 shares in the company, valued at $235,788.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Michael Besnard sold 12,667 shares of the firm's stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $135.78, for a total transaction of $1,719,925.26. Following the transaction, the senior vice president now directly owns 10,213 shares of the company's stock, valued at $1,386,721.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Michael Sauer sold 1,897 shares of the firm's stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $132.54, for a total value of $251,428.38. Following the transaction, the chief accounting officer now directly owns 1,779 shares in the company, valued at $235,788.66. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,082 shares of company stock worth $5,606,849. 0.67% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. BlackRock Inc. increased its holdings in shares of Entegris by 2.4% during the first quarter. BlackRock Inc. now owns 16,294,681 shares of the semiconductor company's stock valued at $1,336,327,000 after purchasing an additional 386,767 shares during the period. Vanguard Group Inc. increased its holdings in shares of Entegris by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 14,554,015 shares of the semiconductor company's stock valued at $1,743,862,000 after purchasing an additional 101,129 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Entegris by 30.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,168,727 shares of the semiconductor company's stock valued at $1,458,058,000 after purchasing an additional 2,826,137 shares during the period. Sands Capital Management LLC increased its holdings in shares of Entegris by 6.1% during the second quarter. Sands Capital Management LLC now owns 9,329,123 shares of the semiconductor company's stock valued at $1,033,853,000 after purchasing an additional 536,532 shares during the period. Finally, WCM Investment Management LLC increased its holdings in shares of Entegris by 0.4% during the fourth quarter. WCM Investment Management LLC now owns 5,173,163 shares of the semiconductor company's stock valued at $628,177,000 after purchasing an additional 22,249 shares during the period.

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).