UBS Group Issues Positive Forecast for Entegris (NASDAQ:ENTG) Stock Price

Entegris (NASDAQ:ENTG - Free Report) had its price objective upped by UBS Group from $85.00 to $95.00 in a research report sent to investors on Monday,Benzinga reports. The brokerage currently has a neutral rating on the semiconductor company's stock.

A number of other research analysts have also recently commented on the company. Mizuho upped their price target on Entegris from $90.00 to $98.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Citigroup reduced their price target on shares of Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Wall Street Zen lowered shares of Entegris from a "hold" rating to a "sell" rating in a report on Saturday, April 19th. The Goldman Sachs Group assumed coverage on Entegris in a research report on Thursday, July 10th. They issued a "neutral" rating and a $85.00 target price for the company. Finally, KeyCorp dropped their target price on Entegris from $117.00 to $112.00 and set an "overweight" rating for the company in a report on Monday, July 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Entegris currently has an average rating of "Moderate Buy" and an average target price of $108.00.

Entegris Stock Up 0.4%

Shares of NASDAQ:ENTG traded up $0.36 during mid-day trading on Monday, reaching $92.00. 2,365,144 shares of the stock were exchanged, compared to its average volume of 2,770,738. Entegris has a one year low of $60.75 and a one year high of $133.79. The company has a quick ratio of 1.95, a current ratio of 3.26 and a debt-to-equity ratio of 1.06. The stock's 50 day simple moving average is $79.39 and its 200-day simple moving average is $87.79. The company has a market cap of $13.93 billion, a P/E ratio of 45.10, a P/E/G ratio of 2.03 and a beta of 1.27.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.02). The company had revenue of $773.20 million during the quarter, compared to the consensus estimate of $790.75 million. Entegris had a net margin of 9.57% and a return on equity of 12.48%. The company's quarterly revenue was up .3% on a year-over-year basis. During the same quarter last year, the firm posted $0.68 earnings per share. As a group, 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 will be paid on Wednesday, August 20th. Stockholders of record on Wednesday, July 30th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date is Wednesday, July 30th. Entegris's dividend payout ratio is currently 19.61%.

Insider Transactions at Entegris

In other Entegris news, SVP Clinton M. Haris sold 3,627 shares of Entegris stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $90.00, for a total transaction of $326,430.00. Following the completion of the sale, the senior vice president owned 37,743 shares of the company's stock, valued at approximately $3,396,870. The trade was a 8.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.67% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Alpine Bank Wealth Management raised its position in Entegris by 73.7% in the second quarter. Alpine Bank Wealth Management now owns 311 shares of the semiconductor company's stock worth $25,000 after acquiring an additional 132 shares during the period. Costello Asset Management INC bought a new position in Entegris during the 1st quarter worth approximately $26,000. Rise Advisors LLC purchased a new stake in shares of Entegris during the first quarter worth about $26,000. Central Pacific Bank Trust Division raised 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 worth $27,000 after buying an additional 171 shares in the last quarter. Finally, Quarry LP bought a new position in shares of Entegris in the 4th quarter worth about $28,000.

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).