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

Needham & Company LLC reissued their buy rating on shares of Entegris (NASDAQ:ENTG - Free Report) in a research note published on Wednesday morning, Benzinga reports. They currently have a $150.00 price objective on the semiconductor company's stock.

Other research analysts have also issued research reports about the company. The Goldman Sachs Group boosted their price target on Entegris from $104.00 to $147.00 and gave the stock a buy rating in a research report on Thursday, February 15th. Citigroup upped their price objective on Entegris from $117.00 to $134.00 and gave the company a neutral rating in a report on Friday, February 16th. KeyCorp upped their price objective on Entegris from $136.00 to $164.00 and gave the company an overweight rating in a report on Thursday, February 15th. StockNews.com lowered Entegris from a hold rating to a sell rating in a research report on Thursday, February 22nd. Finally, Craig Hallum raised Entegris from a hold rating to a buy rating and set a $150.00 target price on the stock in a research report on Thursday, February 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $141.64.

Entegris Stock Performance

ENTG stock traded down $9.61 during trading on Wednesday, reaching $123.31. 2,963,177 shares of the company's stock were exchanged, compared to its average volume of 1,411,475. The company has a quick ratio of 2.67, a current ratio of 3.85 and a debt-to-equity ratio of 1.35. Entegris has a 1-year low of $72.96 and a 1-year high of $146.91. The company's fifty day moving average price is $135.68 and its 200-day moving average price is $118.96. The firm has a market cap of $18.59 billion, a PE ratio of 103.62 and a beta of 1.32.

Entegris (NASDAQ:ENTG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 13th. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.59 by $0.06. Entegris had a return on equity of 12.00% and a net margin of 5.13%. The company had revenue of $812.30 million during the quarter, compared to analyst estimates of $780.95 million. During the same quarter in the previous year, the firm posted $0.83 EPS. The firm's quarterly revenue was down 14.1% on a year-over-year basis. On average, research analysts expect that Entegris will post 3.27 EPS for the current fiscal year.

Entegris Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 1st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.32%. The ex-dividend date of this dividend is Tuesday, April 30th. Entegris's payout ratio is 33.61%.

Insider Activity at Entegris

In related news, CAO Michael Sauer sold 1,897 shares of the company's stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total transaction of $251,428.38. Following the transaction, the chief accounting officer now directly owns 1,779 shares of the company's stock, valued at $235,788.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Entegris news, CAO Michael Sauer sold 1,897 shares of the company's stock in a transaction dated Wednesday, February 21st. The stock was 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 of the company's stock, valued at approximately $235,788.66. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Daniel D. Woodland sold 9,000 shares of the company's stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $139.50, for a total value of $1,255,500.00. Following the completion of the transaction, the insider now directly owns 32,730 shares in the company, valued at $4,565,835. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 41,082 shares of company stock valued at $5,606,849. Company insiders own 0.67% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. WCM Investment Management LLC boosted its stake in shares of Entegris by 0.4% during the 4th quarter. WCM Investment Management LLC now owns 5,173,163 shares of the semiconductor company's stock worth $628,177,000 after acquiring an additional 22,249 shares in the last quarter. California Public Employees Retirement System boosted its stake in shares of Entegris by 17.6% during the 4th quarter. California Public Employees Retirement System now owns 257,147 shares of the semiconductor company's stock worth $30,811,000 after acquiring an additional 38,557 shares in the last quarter. QRG Capital Management Inc. bought a new stake in Entegris during the 3rd quarter valued at approximately $663,000. Crestwood Advisors Group LLC bought a new stake in Entegris during the 3rd quarter valued at approximately $3,087,000. Finally, Parkside Financial Bank & Trust boosted its stake in Entegris by 20.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,357 shares of the semiconductor company's stock valued at $163,000 after purchasing an additional 229 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).