BidaskClub downgraded shares of Entegris (NASDAQ:ENTG) from a strong-buy rating to a buy rating in a report published on Wednesday.
A number of other analysts have also weighed in on the company. Zacks Investment Research raised Entegris from a hold rating to a buy rating and set a $43.00 price objective on the stock in a research report on Tuesday, June 12th. Craig Hallum reaffirmed a buy rating on shares of Entegris in a research report on Friday, June 8th. Needham & Company LLC upped their price objective on Entegris from $42.00 to $44.00 and gave the stock a buy rating in a research report on Friday, June 8th. ValuEngine raised Entegris from a hold rating to a buy rating in a research report on Monday, May 7th. Finally, Seaport Global Securities reaffirmed a buy rating and set a $40.00 price objective on shares of Entegris in a research report on Wednesday, March 21st. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $39.20.
Entegris opened at $35.35 on Wednesday, Marketbeat Ratings reports. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.99 and a current ratio of 3.79. Entegris has a 52 week low of $21.77 and a 52 week high of $39.55. The firm has a market cap of $5.09 billion, a price-to-earnings ratio of 24.55, a PEG ratio of 1.74 and a beta of 1.42.
Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Thursday, April 26th. The semiconductor company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.05. Entegris had a return on equity of 23.26% and a net margin of 7.91%. The company had revenue of $367.20 million for the quarter, compared to analysts’ expectations of $358.67 million. During the same period in the prior year, the firm earned $0.28 earnings per share. The firm’s revenue was up 15.7% compared to the same quarter last year. analysts anticipate that Entegris will post 1.84 EPS for the current fiscal year.
In related news, CFO Gregory B. Graves sold 24,318 shares of the stock in a transaction on Tuesday, June 5th. The stock was sold at an average price of $37.01, for a total value of $900,009.18. Following the transaction, the chief financial officer now owns 85,796 shares of the company’s stock, valued at $3,175,309.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.20% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. Eagle Asset Management Inc. increased its holdings in Entegris by 3.8% in the first quarter. Eagle Asset Management Inc. now owns 2,364,378 shares of the semiconductor company’s stock valued at $82,280,000 after buying an additional 85,506 shares during the last quarter. Deutsche Bank AG increased its holdings in Entegris by 118.7% in the fourth quarter. Deutsche Bank AG now owns 1,806,333 shares of the semiconductor company’s stock valued at $55,000,000 after buying an additional 980,282 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Entegris by 2.4% in the fourth quarter. Renaissance Technologies LLC now owns 1,759,455 shares of the semiconductor company’s stock valued at $53,575,000 after buying an additional 41,365 shares during the last quarter. Carillon Tower Advisers Inc. purchased a new position in Entegris in the fourth quarter valued at $51,256,000. Finally, Lord Abbett & CO. LLC purchased a new position in Entegris in the first quarter valued at $55,461,000. 93.45% of the stock is currently owned by hedge funds and other institutional investors.
Entegris Company Profile
Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries worldwide. It operates through three segments: Specialty Chemicals and Engineered Materials (SCEM), Microcontamination Control (MC), and Advanced Materials Handling (AMH).
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